Presence improved in Tier I and II cities across the country
Mumbai-headquartered Blue Dart Express Ltd, a part of DHL Group of Germany, has set in motion several technological initiatives that lead the company towards its ‘Limitless Growth Strategy’ for the Indian market.
India’s economic recovery from geopolitical uncertainties in the world is progressing well, and this trajectory is set to further strengthen with the recent developments in Indian logistics industry, Blue Dart said on 28 Oct 2023.
Blue Dart’s presence in Tier I and II markets across India has improved. This move has also accelerated the company’s reach by providing strategic, scalable solutions to large customers, enabling economies of scale with end-to-end service offerings.
On 15 August, the company announced the inauguration of 15 company-owned retail stores, 15 franchise collection centres, 15 express selling agents and 15 regional service provider franchisees.
The company continues to invest significantly towards enhancing capacity, digitalisation and automation of processes.
The two B737-800 aircraft procured during the year 2022-23 amounting to Rs.400 crores got inducted during the previous quarter has supported capacity requirements during current demand.
Exceptional Service Quality remains one of the major pivots, alongside automation and technology, providing customers with a one-stop, hassle-free solution to all their logistics requirements. In its journey to delight customers, the company carried 918 lakh shipments weighing 307,480 metric tonnes during the Quarter ending 30 Sept 2023.
The company posted Rs.71 crores profit after tax for the quarter ended 30 Sept 2023. Revenue from operations for the quarter stood at Rs.1,324 crores.
Commenting on the company’s performance, Balfour Manuel, Managing Director, Blue Dart Express Ltd, stated, “Our ability to maintain resilience has once again been demonstrated, thanks to our robust air and ground infrastructure, comprehensive solution portfolio, and extensive reach.
“Even amid sluggish global economic growth, we’ve not only exceeded pre-pandemic revenue but also solidified our position as the Provider of Choice for our customers. Understanding their needs remains our priority, driving our pursuit of operational excellence and expanding our customer base across India.”
Speaking about the business outlook, he says, “Even though we are keeping a close eye on our costs in the current business environment, our strengthened earnings power puts us in a position to continue investing significantly in future growth.
“Through these initiatives, we are strategically positioned for sustained growth and remain committed to leveraging technology and exploring new opportunities.”
During the quarter, Blue Dart was recognized as the Best Cargo Service Provider at the Indian Cargo Awards 2023.
The company also received UNFCCC Certification for its Climate Neutrality Efforts as a step towards its sustainability roadmap. In order to sustainably improve productivity, additional funds were invested in automation and digitalization initiatives. Fiinews.com
