Blue Dart Express - Flight To Safety Continues Unabated: ICICI Direct
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Blue Dart Express Ltd. has been reporting a stellar uptick in performance post Q1, registering revenue growth of 8% and 21% YoY in Q2 and Q3, respectively.
Shift in consumer buying behaviour and consumption patterns, led to higher growth in the business-to-consumer and business-to-business segments.
Due to the strong growth, the utilisation of assets remained high (85% plus).
The revenue performance was further assisted by expansion in Ebitda margins by 1880 basis points and 780 bps to 26.4% and 24.3% in Q2 and Q3, to yield an absolute Ebitda of Rs 229 crore (up three times YoY) and Rs 252 crore (up 77% YoY), respectively.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.