Blue Dart Q3 Review - The Bulge Continues: ICICI Securities  
Blue Dart Express Ltd. employees load bags containing packages onto trucks. (Photographer: Dhiraj Singh/Bloomberg)

Blue Dart Q3 Review - The Bulge Continues: ICICI Securities  

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 Securities Report

Blue Dart Express Ltd.’s consolidated on the yield gains achieved in Q2 FY21 (driven by limited belly cargo capacity) and enjoyed better mix with more business-to-consumer air express cargo.

The same resulted in approximately 20% YoY revenue growth in Q3 FY21 and nearly helped maintain margin performance of last quarter (Q2 FY21).

The performance can be attributed to increased e-commerce, consumer electronics sales.

Continued business-to-business air express resilience (IT, pharma, medical equipments) also helped.

Click on the attachment to read the full report:

ICICI Securities Blue Dart Q3FY21 Results Update.pdf

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