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Blue Dart Express Limited
Sector:Courier and Logistic Services Courier and Logistic Services - Courier and Logistic Services
BSE:526612NSE:BLUEDARTBloomberg:BDE@INReuters:BLDT.BO
Market Lot: 1Face Value: 10ISIN Demat: INE233B01017
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09-May-2018
Business Profile
Blue Dart Express (BLUEDART), is an integrated air express carrier and premium logistics-services provider. The company was incorporated on Apr. 5, 1991 and was converted into a public limited company on Jun. 15, 1994. The chairman of the board is S. S. Ramdas and Anil Khanna is the managing director.

Services offered are domestic priority, airport-to-airport dart apex (air package express), charters, smart box, interline, dart surfaceline (surface express) and international services. The service network covers 14,000 locations throughout India and over 220 countries through its sales alliance with DHL. The company gets air support from four Boeing 737s and two 757 freighters. It is adding one more 757 freighter aircraft by 2007. The company gets ground support from 3,800 vehicles. Warehouses are at 38 locations (58 new ones planned) across the country and bonded warehouses at the six major metros of Bangalore, Chennai, Delhi, Mumbai, Kolkata and Hyderabad. It has domestic hubs at all major cities and will set up 98 regional hubs in the country in five years. International outbound gateways are in Mumbai, Delhi and Chennai to Dubai, London, Frankfurt, Bahrain, Hong Kong and Singapore.

The company is ISO 9001:2000 certified. It uses state-of-the-art technology, indigenously developed, for track and trace, MIS, ERP, customer service, space control and reservations. The company has eCommerce, B2B and B2C initiatives including partnering with some of the prime portals in the country. Having introduced ground express service, Surfaceline, in India, it aims to capture 20% of the ground express business in the next five years with expanded coverage to 17,500 locations from the present 14,600 locations.

The registered office is at Blue Dart Centre, Sahar Airport Road, Andheri (E), Mumbai-400099.


Financials
The company disclosed rise of 39.18% in standalone net profit on y-o-y basis to Rs 341.00 million, while total income rose 4.92% y-o-y basis to Rs 7.22 billion for the quarter ended March 2018.

Recent Developments
13-OCT-16
Blue Dart Express 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.

20-OCT-15
Yes Bank, one of the leading private sector banks, has partnered with Blue Dart, South Asia's premier express air and integrated transportation, distribution and logistics company and Snapdeal, India's largest online market place to enhance the ''Cash on Delivery'' (COD) model by making

22-JUN-15
Blue Dart Express, South Asia's premier courier and integrated express package distribution company, announced that the board of directors of the company approved enhancing stake into Blue Dart Aviation from the present 49% to 74%.

28-AUG-14
India Ratings & Research (Ind-Ra) has assigned Blue Dart Express (BDEL) proposed Rs 3,322 million non-convertible debentures (NCD) issue an 'AA(exp)' rating.

25-SEP-13
India Ratings & Research (Ind-Ra) has affirmed Blue Dart Express (BDEL) Rs 300 million commercial paper/short-term debt programme at 'A1+'.

21-NOV-12
Blue Dart Express, South Asia`s premier courier and integrated express package distribution company, today announced that DHL Express (Singapore) (the ``Seller``) has submitted a notice of offer for sale an aggregate of 1,431,937 equity shares of Rs 10 each of the company representing 6.03% of the equity share capital of the company as on Nov. 23, 2012 by Promoter through a sale on the separate window provided by the BSE & NSE (the ``Stock Exchanges``) for this purpose.

10-OCT-12
India Ratings has affirmed Blue Dart Express (BDEL) Rs 300 million commercial paper/short-term debt programme at National Short-Term `A1+`.

15-NOV-11
Credit rating agency, ICRA has reaffirmed the AA rating assigned to Rs. 30.0 crore1 fund based limits and Rs 61.5 million non-fund based limits of Blue Dart Express (BDEL). The long term rating has been assigned a stable outlook.



Future Plans
The company plans to add additional air capacities for further expansion of the services. The company is developing a sales force automation module, SaFire. When fully deployed, the module would integrate with the data warehouse, providing a holistic view of prospects and customers. It plans to add new superhubs in developing areas of South India and in Baddi in North India.

Blue Dart Express intends to infuse about Rs 10 billion in the next five to eight years to expand its infrastructure and ground services. The company has a market share of 5.8% in the ground segment and aims to take it to 20% in the next five to eight years.

The company is planning to invest Rs 3,500 million in south India to expand its infrastructure and distribution network. The company aims to set up 20 hubs in five years in south India to manage its ground operations.


In Brief

 
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