Blue Dart Express (526612) Q4 24/25 earnings summary

Executive summary

• Revenue from operations for FY25 was INR 57,202 million (₹5,72,018 lakhs), with profit after tax at INR 2,446 million (₹25,242 lakhs); Q4 revenue was INR 14,173 million and profit after tax INR 532 million.

• The company achieved positive growth in both revenue and volumes despite turbulent market conditions.

• Recognized for excellence in customer service, sustainability, compliance, and as a top employer.

• The Board recommended a dividend of ₹25 per share, subject to approval.

Financial highlights

• Q4 shipments totaled 91.94 million, weighing 331,101 tons.

• EBITDA margin for Q4 was 8.3%, down from 10.5% in Q4 last year; gross margin contracted from 31% to 29% standalone, and from 43.2% to 41.4% consolidated.

• B2B volume grew 10% and B2C 19% in Q4; for the full year, both segments grew 11% by weight.

• Total income for FY25 was ₹5,76,216 lakhs, compared to ₹5,31,867 lakhs in FY24.

• Earnings per share (basic and diluted) for FY25 were ₹23.24, down from ₹32.78 in FY24.

Outlook and guidance

• Management expects continued improvement in top and bottom lines as the economy grows.

• Focus remains on improving EBITDA margins from current levels, though no specific margin guidance was provided.

• Double-digit or high single-digit volume growth is expected to continue, with consistent price increases.

• The company continues to focus on integrated air and ground transportation and distribution, with all assets and revenue generated in India.