Blue Dart Express Limited has informed the Exchange about Transcript
BLUEDART · price
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Blue Dart held an investor call to discuss Q4 and FY25 results, reporting FY25 revenue from operations of Rs. 57,202 million and profit after tax of Rs. 2,446 million. Q4 FY25 revenue stood at Rs. 14,173 million with PAT of Rs. 532 million, on 91.94 million shipments and 3,31,101 tonnes. B2B and B2C weight growth were 11% each for the full year, with B2C contributing 27% to revenue and B2B 73%. EBITDA margins fell to 8.3% in Q4 from 10.5% a year ago, attributed to incremental cost of new freighters operationalized from January 2024, fewer business days, and a mix shift toward heavier shipments. Freighter utilization is now at optimal 85–90%, with 20–40% of air volumes still outsourced to passenger airlines as belly cargo.
The Q4 margin drop is largely explained by freighter ramp-up costs and is not flagged as a structural concern, with management expecting improvement ahead. However, no specific EBITDA margin guidance was provided, and freighter utilization gains will need to translate into yield improvement to drive margin recovery, keeping near-term outlook cautiously optimistic.