Mumbai: Logistics company Blue Dart Express Ltd on Wednesday reported a 16% drop in June quarter net profit. Profitability was pulled down by a lower other-income proportion compared to a year earlier.

Net profit fell to 34.16 crore from 40.65 crore a year ago.

Revenue for the quarter rose 4.78% to 526.94 crore from 453.19 crore in the same quarter last year. Other income fell 64% to 6.61 crore from 18.48 crore, year-on-year.

On Wednesday, shares of Blue Dart Express ended at 3,963 on the BSE, down 2.5% from its previous close, while the exchange’s benchmark Sensex rose 0.47% to 26,147.33 points.​

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