Review

BLUE DART EXPRESS LTD.
Ticker : 526612
FV: ₹10
52-Week H/L: ₹7,865/5,308.05

We recommended Blue Dart Express Ltd in volume no. 38, issue no. 32 (dated May 30, 2022) when the scrip was trading at Rs 7,300.10. On a consolidated basis, in Q4FY22, the company recorded net sales and other operating income of Rs 1,165.91 crore, recording an increase of 20.41 per cent compared to Rs 968.28 crore reported in Q4FY21. The operating profit was recorded at Rs 295.41 crore in Q4FY22, giving a strong rise of 15.54 per cent as compared to an operating profit of Rs 255.68 crore in Q4FY21. Q4FY22 registered 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. The company is seeing robust volume growth as well as utilisation level climbing to its peak. With an improved outlook, the company is planning to add one aircraft to its fleet. The overall outlook remains optimistic and hence, we recommend HOLD.