Fundamental Analysis
BLUE DART EXPRESS LTD
Ticker : 526612
BUY: ₹7,300.10
Target: ₹8,320
Blue Dart Express Limited is involved in the transportation and door-to-door distribution of time-sensitive shipments through an integrated ground & air transportation network. On a consolidated basis, in Q4FY22, the company recorded net sales and other operating income of Rs 1,165.91 crore, higher by 20.41 per cent than Rs 968.28 crore reported in Q4FY21. Operating profit was recorded at Rs 295.41 crore in Q4FY22, a robust rise of 15.54 per cent as compared to an operating profit of Rs 255.68 crore in Q4FY21. Q4FY22 recorded a net profit of Rs 136.97 crore in comparison with a net profit of Rs 90 crore in Q4FY21, giving a significant rise of 52.19 per cent. Topline growth was underpinned by a healthy mix of volume growth and realisation improvement despite a challenging geopolitical scenario. Blue Dart plans on expanding ground and air express capacity, which will push service quality to new heights. Hence, we recommend BUY.