Blue Dart Express witnessed a fall in share price on Thursday after the company has disclosed a steep drop in standalone net profit for the quarter ended September 2016. During the quarter, the profit of the company declined 20.68% to Rs 428.00 million from Rs 539.60 million in the same quarter last year.

Revenues for the quarter rose marginally 1.56% to Rs 6,632 million, compared with Rs 6,530 million for the prior year period.

Shares of Blue Dart Express are trading at Rs 5,381, down Rs 188.05, or 3.38% at the Bombay Stock Exchange (BSE) on Thursday at 11:22 a.m.

The scrip has touched an intra-day high of Rs 5,505 and low of Rs 5,360. The total volume of shares traded at the BSE is 1,331.

Total volume of shares traded on the bourses today was lower by 2.35% to 7,847 compared with 22-day average volume of 8,035.