Q1 2025 Blue Dart Express Ltd Earnings Call Transcript
Key Points
- Blue Dart Express Ltd (BOM:526612) reported a profit after tax of INR 515 million for the quarter ended June 28, 2024.
- Revenue grew by 8.5% quarter-on-quarter, with shipment volume increasing by 7.4% and weight by 9.6%.
- The company invested in two new aircraft, which is expected to enhance operational capacity.
- Blue Dart Express Ltd (BOM:526612) successfully concluded its annual general meeting, passing all resolutions including the appointment of a new independent director.
- The company remains optimistic about achieving better utilization rates and margin improvements during the festive season starting in September.
- Profit from operations decreased from INR 801 million to INR 693 million quarter-on-quarter due to increased costs.
- The new aircraft sector, particularly the Northeast or Guwahati sector, is yet to reach optimal utilization, impacting profitability.
- Margins have been pressured by increased competition in the surface transport segment, which is less profitable than air transport.
- The company faced higher costs due to investments in new hubs and annual merit increases for employees.
- Despite revenue growth, gross margins and EBITDA margins have declined sequentially, raising concerns about the company's margin expansion trajectory.
Ladies and gentlemen, good day, and welcome to the Blue Dart Express Q1 FY25 conference call, hosted by Elara Securities Private Limited.
(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ankita Shah from Elara Securities Private Limited. Thank you, and over to you, ma'am.
Yeah, thank you. On behalf of Elara Securities Limited, we welcome you, all, to this 1Q FY25 earnings conference call of Blue Dart Express. We will start with opening remarks by the management and followed by a Q&A. So over to Tushar, sir.
Yeah. Thank you, Ankita. Thank you, Elara, for organizing this investors' earnings call for the quarter. Good afternoon, everybody. A very warm welcome to all of you into this quarter one financial 2024 earnings call of Blue Dart Express Limited.
As you are aware, the Board of Directors of the
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