Shares of Blue Dart Express surged up to 2.5 percent to Rs 8,049 on June 20 following the company’s announcement of launching drone deliveries in collaboration with Skye Air.
In an exchange filing, Blue Dart stated that this move marks a significant advancement towards cleaner and more efficient delivery solutions. The introduction of drone deliveries is set to revolutionize last-mile delivery by offering same-day shipment delivery, significantly reducing delivery time and environmental impact.
“The logistics sector in India is experiencing an exhilarating phase. This surge in demand emphasizes the need for innovative solutions that will drive growth while ensuring efficiency and sustainability. As we witness the marvel of drone technology, we anticipate extending this service further, with plans to cover additional pin codes in subsequent stages with our partners,” said Balfour Manuel, Managing Director of Blue Dart.
Blue Dart is a market leader in India’s air express market with over a 54 percent share. It covers over 220 countries and territories, offering a full range of distribution services, including air express, freight forwarding, supply chain solutions, and customs clearance.
For the quarter ending in March, Blue Dart’s consolidated net profit rose 12 percent year-on-year to Rs 77 crore, while total income increased 8 percent YoY to Rs 1,333 crore.
As of 12:38 pm, the shares were trading at ₹7,855.35.
