HT Bureau
GUWAHATI, May 6: Blue Dart Express Limited declared its Audited financial results for the quarter and year ended March 31, 2022, at the Board Meeting held in Mumbai. The company posted ₹1354 million profit after tax (previous year ₹891 million profit) for the quarter ended March 31, 2022, and ₹3764 million profit after tax (previous year ₹963 million profit) for the year ended March 31, 2022. Revenue from operations for the quarter ended March 31, 2022, stood at ₹11659 million and ₹44090 million for the year ended March 31, 2022.
The company delivered one of the strongest performances as the top line grew by 21% with a healthy mix of volume growth and realization improvement despite challenging geopolitical scenarios. Further, the company is continuing its journey of automation and digitalisation to improve speed, transparency, and efficiency. Blue Dart has once again proven its mettle, standing strong and supporting the nation as its Trade Facilitator.
Related Posts:
The Board of Directors has recommended a total dividend of ₹60 per share (600%) to the shareholders of the company for the financial year 2021-22. Since the company has already paid an interim dividend of ₹25 (250%) per share in February 2022, the Proposed Final dividend of ₹35 (350%) per share would be paid to the shareholders of the company subject to the approval in the Annual General Meeting. With improved receivables management and cash flows, the company together with its wholly-owned subsidiaries paid off all borrowings from banks which not only reduced finance costs but also became debt-free.
Balfour Manuel, managing director, Blue Dart said, “Throughout the year, we have shown outstanding resilience, responsiveness, and reliability for all our stakeholders which is mirrored in our Q4 and year-end financial performance. Our focus on remaining customer-first, investing in our technology capabilities, and thus, remaining agile in a VUCA environment, has helped the company improve its margins. FY2021-22 has been a rewarding year. Across parameters, Blue Dart has once again embodied our vision in ‘Connecting People, Improving Lives. We have been recognized as a Top Employer, a Great Place to Work as well as one of the Best Workplaces for Women. We stood strong, supporting our customers for all their logistics requirements. From delivering shipments to Covid-care hospitals to accelerating innovation to new heights, we have left no stone unturned in fulfilling our duty as the Trade Facilitator to the nation.”
