Blue Dart spurts on turnaround Q4 numbers : vimarsana.com

Blue Dart spurts on turnaround Q4 numbers


Blue Dart Express rose 2.93% to Rs 5,475.70 after the company's consolidated net profit stood at Rs 90 crore in Q4 FY21 compared with net loss of Rs 30.57 crore in Q4 FY20.
Net sales soared 33.3% to Rs 968.28 crore in Q4 FY21 from Rs 726.30 crore in Q4 FY20.
On a standalone basis, the company posted Rs 89.10 crore profit after tax (previous year Rs 23.8 crore loss) for the quarter ended 31 March 2021 and Rs 96.3 crore profit after tax (previous year Rs 38.3 crore loss) for the year ended 31 March 2021. The profit for the year is after absorbing the impact of special COVID-19 ex-gratia (Rs 34.2 crore) paid to employees in September 2020 and accelerated depreciation of IT servers (Rs 24 crore). The margin improvement is backed up by better realization and cost efficiencies during the year.

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