Blue Dart’s stock fell over 2% following its Q2 FY25 earnings report. The logistics company posted a 14% year-on-year (Y-o-Y) decline in profit, with net income dropping to Rs 62.8 crore from Rs 73 crore in the same quarter last year.
Despite this, the company saw a strong 9.4% Y-o-Y increase in revenue, which rose to Rs 1,448.5 crore from Rs 1,324.5 crore in Q2 FY24.
At the operating level, EBITDA fell slightly more than 2% yearly to Rs 218.1 crore in Q2FY25, down from Rs 222.8 crore in Q2FY24. As a result, the EBITDA margin fell 180 basis points (bps) to 15% in Q2FY25, from 16.8% in Q2FY24.
As of 11:43 am, Blue Dart shares were trading 2.32% lower at Rs 7,743.10 on the NSE.
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