Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Company-results/  Blue Dart reports 16% drop in June net profit
BackBack

Blue Dart reports 16% drop in June net profit

Other income fell 64% to Rs6.61 crore from Rs18.48 crore a year earlier, pulling down profitability

Blue Dart Express’s revenue for the April-June quarter rose 4.78% to Rs526.94 crore from Rs453.19 crore in the same quarter last year. Photo: Priyanka Parashar/MintPremium
Blue Dart Express’s revenue for the April-June quarter rose 4.78% to Rs526.94 crore from Rs453.19 crore in the same quarter last year. Photo: Priyanka Parashar/Mint

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.​

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 23 Jul 2014, 05:06 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App