Blue Dart Revenue Up at Rs.182.31 Crores

Mumbai :April 17, 2007

Blue Dart Express Limited, South Asia's largest integrated air express courier and package distribution company, today declared its financial results for the first quarter ended March 31, 2007 at their Board Meeting.

Income from operations for the 1st quarter 2007 was Rs. 181.66 crores, an increase of 19.53% over the corresponding quarter of the previous year, and profit before tax for the quarter was Rs. 23.43 crores despite the induction of two Boeing 757 aircraft in the 2nd quarter of 2006.

Anil Khanna, Managing Director, Blue Dart Express Limited said, "Strengthening of our infrastructure, especially our aviation system, is critical to meet increasing demand and ensuring service excellence. The induction of two B757 freighters provides greater capability to service our customers, and reinforces our commitment to facilitate India's trade and commerce. In the last quarter Blue Dart handled approximately 17 million shipments weighing over 42,000 tonnes.

"This year we have also planned to add 57 new facilities, 11 of which have already been made operational in the last quarter. Further, our ground network is being fortified to offer customers a one-stop distribution capability unmatched in the country. Currently, we are the only player in the domestic air express segment offering an unrivalled payload of 250 tonnes each night through our dedicated fleet of 2 B757s and 4 B737s", Anil Khanna added.

The stock closed the day at Rs.452.80, down by Rs.11.00 or 2.37%. The stock hit an intraday high of Rs.475 and low of Rs.450.60. The total traded quantity was 1787 shares at an average price of Rs.460.50 resulting in a turnover of Rs.8.23 Lakhs.

Source : Equity Bulls

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