BLUEDART / Q1-FY25 / claim-ledger

Audit the questions that mattered.

Blue Dart · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ1-FY25 · 2024-07-19Back to quarter ↗

Questions audited

Answered directly

71%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Amit Dixit · ICICI Securities

partial

Requested volume breakdown by ground, air, and surface.

We don't give questions within our product, you know, the information. But overall, in terms of volume... last quarter it was 83.94 million shipments, and this quarter it is 90.14 million.

Amit Dixit · ICICI Securities

direct

Asked about utilization rate and contribution of two freighters.

the impact of it is around like INR 115 million. Utilization... the new sector... Guwahati... is yet to be fully optimum utilized... inbounds into Guwahati is around like between 75% to 80%.

Amit Dixit · ICICI Securities

direct

Asked if freighter reached optimum breakeven utilization.

It's yet to breakeven. It's yet to breakeven.

Amit Dixit · ICICI Securities

direct

Asked when freighter is expected to breakeven.

We expect this somewhere around our festivities getting kicked off somewhere in, you know, from September onwards.

Speaker 13 · Research desk

partial

Questioned margin expansion trajectory given sequential decline.

Margin expansion is actually a backdrop... additional impact of the work that we have invested into the depreciation impact of those hubs... we are growing more on the surface... margins or the yield would accordingly be not as profitable.

Speaker 13 · Research desk

evasive

Asked when 200-400 bps margin expansion would begin.

As such, we don't give any forward-looking predictions. However... our margins, we would like to, you know, be still in an outlook of decent between 7% to 8%, you know, margin percentage.

Alok Deora · Motilal Oswal Financial Services Ltd

partial

Asked why margins fell 150-200 bps and if it's temporary.

we are facing a situation of growth more in the surface than in the air... the inflationary cost that has resulted in the drop of, you know, margins compared to the previous quarter.

Alok Deora · Motilal Oswal Financial Services Ltd

direct

Asked if margin trajectory is structural or will improve.

my expectation is, you know, the margins should improve... from the current levels to another 2% to 3%.

Pritesh Chheda · Lucky Investments

partial

Asked for reason and extent of gross margin shrinkage QoQ.

It's driven by margin by the product mix... We are seeing more growth on the ground and the air... yield and stability on air is better than the ground.

Pritesh Chheda · Lucky Investments

direct

Asked if air volumes were lower in Q1 vs Q4.

Yeah, it is.

Ankita Shah · Elara Securities

partial

Asked about number of new hubs added and CapEx.

Last year, we didn't have any big investment... into these hubs. And this year... another two to three or three to four... is what is our current horizon.

Ankita Shah · Elara Securities

direct

Asked about current aircraft utilization and optimal level.

ideal actual weight, it is somewhere between 95% to 90%... Currently, it would range between 70% to 75%.