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Revenue
₹1,417 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Blue Dart Express reported Q4 FY25 revenue from operations of INR 14,173 million and PAT of INR 532 million. Volume growth was healthy with 91.94 million shipments and 331,101 tons weight. B2B volumes grew 10% and B2C 19% in the quarter. EBITDA margin declined to 8.3% from 10.5% a year ago, primarily due to incremental costs from two new freighters operationalized in late FY24 and lower business days. Management noted that freighter utilization has reached optimum levels (85-90%) and expects margin improvement as yield realization improves. The company continues to invest in automation and facility consolidation. A key risk is that margin recovery may be slower than expected if competitive intensity on surface pricing persists.
Colored figures show movement against the previous available record.
Guidance to track
- Management stated they will work towards improving EBITDA margin from the current 8.3% level, driven by better yield realization and cost optimization.
- New integrated facilities with auto sorters are planned in West and South India, largely through leased assets, expected to improve margins over time.
- Management expects volume growth to remain consistent with historical trends, irrespective of economic cycles.
Risks flagged
- EBITDA margin declined to 8.3% due to freighter costs and lower business days; management did not provide a timeline for recovery.
- Analyst raised concern about rising competition in surface logistics; management acknowledged but said pricing remains stable for Blue Dart.
- ROCE has declined due to investments in owned assets; management expects improvement but no specific target given.
Key quotes
- The significant investments that we have done in the last year have also been very well operationalized.
- We have taken successful price increases with both big and small players. We do remain in a strong position there.
- From here on, we should only improve our returns as well as the return on capital employed.
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