Blue Dart Express Q2 Results Live : Blue Dart Express announced its Q2 results on November 11, 2024, revealing a mixed performance for the quarter. The company’s revenue grew by 9.36% year-over-year (YoY), signaling a positive trend in sales. However, net profit experienced a significant decline of 13.99% YoY, raising concerns among investors and analysts alike.
In comparison to the previous quarter, Blue Dart Express reported a revenue growth of 7.88%, while profit saw a notable increase of 17.63%. This indicates that the company has managed to improve its financial performance sequentially, despite the year-over-year decline in profitability.
The company’s selling, general, and administrative expenses rose by 3.08% quarter-over-quarter (QoQ) and 7.66% YoY, contributing to the pressure on profit margins. Additionally, operating income saw a QoQ increase of 15.66%, but this was overshadowed by a 13.49% decrease when compared to the same quarter last year.
Earnings per share (EPS) for Q2 stood at ₹26.49, which marks a decrease of 13.97% YoY, further reflecting the challenges faced by Blue Dart Express in maintaining profitability amidst rising costs.
In terms of market performance, Blue Dart Express has delivered a -2.78% return in the last week, although it has achieved an 8.07% return over the past six months and a 4.3% return year-to-date. The company currently boasts a market capitalization of ₹18,221.27 crore, with a 52-week high of ₹9,488.7 and a low of ₹5,486.6.
Analyst sentiment surrounding the company’s performance is varied. As of November 13, 2024, out of eight analysts covering Blue Dart Express, one has issued a Strong Sell rating, one a Sell rating, one a Hold rating, four a Buy rating, and one a Strong Buy rating. The consensus recommendation is to Hold, indicating a cautious approach from analysts as they assess the company’s future prospects.
Blue Dart Express Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1448.46 | 1342.71 | +7.88% | 1324.48 | +9.36% |
| Selling/ General/ Admin Expenses Total | 247.35 | 239.96 | +3.08% | 229.75 | +7.66% |
| Depreciation/ Amortization | 121.01 | 118.27 | +2.32% | 110.56 | +9.45% |
| Total Operating Expense | 1351.42 | 1258.81 | +7.36% | 1212.31 | +11.47% |
| Operating Income | 97.04 | 83.9 | +15.66% | 112.17 | -13.49% |
| Net Income Before Taxes | 84.91 | 72.03 | +17.88% | 97.86 | -13.23% |
| Net Income | 62.84 | 53.42 | +17.63% | 73.06 | -13.99% |
| Diluted Normalized EPS | 26.49 | 22.51 | +17.68% | 30.79 | -13.97% |
