BLUEDART / Q3-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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WatchQ3-FY25 · 2025-01-29Back to quarter ↗

Questions audited

Answered directly

67%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Moderator 2 · Research desk

direct

Tonnage and shipment numbers for the quarter.

In terms of tonnage growth, we are growing by 12%, and shipment growth by 7.2%. Absolute tonnages for the quarter is 351,873 tons, and shipment at 98.59 million shipments.

Moderator 2 · Research desk

partial

Profitability improvement and new fleet utilization.

On the utilization, the good news in this particular quarter is that we have reached the optimum level of utilization. Yes, we do have a challenge of low utilization of the lanes on these new fleets. However, it's better than the previous quarter.

Moderator 2 · Research desk

direct

ATF price correction impact on margins.

Yes, I mean, it's not a pure pass-through. We have our mechanism to address this price increase, and it gives a little bit of a margin as well. So it's not a pure pass-through for the ATF prices.

Moderator 2 · Research desk

evasive

Targets for e-commerce market share and steps taken.

Our aim is to have a structured investment which takes care of our profitable growth. For us, definitely increasing our market share, those all aspects are equally important, but we endeavor that we have a profitable growth.

Moderator 2 · Research desk

declined

Capital expenditure outlook and spending plans.

We personally do not give any forward-looking statement, but we would be releasing our budgets very soon, and that would be an outlook about what we intend to spend over the next year.

Sagar Patel · Research desk

evasive

Price hike absorption from January 25.

So about the price hikes, which are already in the pipeline, you would get to know the concrete numbers around it, most probably by the next quarter results, which is in the Q4 results that we would be publishing.

Sagar Patel · Research desk

direct

Key drivers of EBITDA margin improvement.

Key driver for Q3 is it's a festive month. Apart from that, our fleet utilization got improved these days, and again, we are very optimal in terms of our cost. These are the factors which led to a better quarter this year in terms of EBITDA.

Sagar Patel · Research desk

direct

CapEx spent in nine months and target for the year.

We spent around INR 622 million. The budget being INR 1,274, we have spent only 50% of the CapExes that we had budgeted, and largely into the infrastructure.

Lokesh Maru · Research desk

partial

Change in e-commerce pricing approach and competitiveness.

In terms of being more competitive, it's not. We have now, in last few years, been also equally focusing on increasing the scale on the ground e-commerce. So we do have a more complete bouquet to offer to the customers.

Anshul Agrawal · Research desk

direct

Volume growth driven by surface vs air.

Yes, primarily surface.

Anshul Agrawal · Research desk

direct

Whether surface is dilutive to consolidated margins.

In terms of percentage, it won't be that very significant. Surface is not the reason for dilution. It has been last few quarters because of certain investments which have started materializing now with good capacity utilization.

Moderator 2 · Research desk

direct

B2B and B2C mix for the quarter.

B2B, we witnessed a growth of 6.8% versus the previous quarter. And B2C is 13.6% in terms of revenue versus the previous quarter. And likewise, in terms of weight, it's 11.1% increase in the B2B and 16.9% increase in B2C.