Blue Dart Express (BLUEDART)₹4,482−2.09%Logistics Solution Provider
In the Jun 2026 quarter (consolidated), Blue Dart Express reported sales of ₹1,655 Cr, up 14.9% from Jun 2025, and net profit of ₹88.04 Cr, up 79.7% year on year. For the year to Mar 2026, sales were ₹6,130 Cr and net profit ₹247 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,323 | 1,382 | 1,322 | 1,341 | 1,447 | 1,510 | 1,416 | 1,441 | 1,546 | 1,614 | 1,530 | 1,655 |
| Expenses | 1,104 | 1,172 | 1,099 | 1,143 | 1,233 | 1,274 | 1,207 | 1,249 | 1,301 | 1,337 | 1,315 | 1,399 |
| Operating Profit | 224 | 214 | 227 | 203 | 219 | 240 | 214 | 197 | 253 | 282 | 223 | 262 |
| OPM % | 17.1% | 15.1% | 17.1% | 15.1% | 15.1% | 16.1% | 15.1% | 14.0% | 16.1% | 17.1% | 14.1% | 16.0% |
| Other Income | 4.98 | 23.92 | 10.97 | 8.97 | 8.97 | 11.97 | 11.96 | 9.96 | 9.97 | −32.92 | 11.97 | 14.95 |
| Interest | 20.01 | 20.03 | 19.01 | 21.01 | 21.03 | 21.03 | 20.03 | 19.02 | 22.03 | 24.01 | 22.03 | 21.01 |
| Depreciation | 111 | 111 | 113 | 118 | 121 | 121 | 124 | 121 | 131 | 145 | 140 | 137 |
| Profit before tax | 97.63 | 108 | 105 | 71.73 | 84.73 | 109 | 80.66 | 65.72 | 109 | 78.69 | 72.67 | 119 |
| Tax % | 24.9% | 16.9% | 25.9% | 25.9% | 25.9% | 26.0% | 32.0% | 25.9% | 25.9% | 13.9% | 32.9% | 25.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −37.13 | 0.00 | 0.00 |
| Net Profit | 73.01 | 89.05 | 78.01 | 52.96 | 62.98 | 80.98 | 54.98 | 48.99 | 80.97 | 68.01 | 49.01 | 88.04 |
| EPS (Rs) | 30.78 | 37.47 | 32.79 | 22.52 | 26.50 | 34.15 | 23.25 | 20.59 | 34.33 | 28.79 | 20.58 | 37.28 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,560 | 2,689 | 2,795 | 3,172 | 3,173 | 3,282 | 4,404 | 5,164 | 5,265 | 5,715 | 6,130 | 6,345 |
| Expenses | 2,160 | 2,352 | 2,453 | 2,895 | 2,707 | 2,608 | 3,415 | 4,245 | 4,422 | 4,857 | 5,204 | 5,351 |
| Operating Profit | 407 | 343 | 353 | 287 | 477 | 689 | 1,003 | 942 | 856 | 879 | 954 | 1,020 |
| OPM % | 16.1% | 13.1% | 13.1% | 9.1% | 15.1% | 21.1% | 23.1% | 18.1% | 16.1% | 15.1% | 15.1% | 16.1% |
| Other Income | 34.91 | 25.91 | 19.93 | 18.94 | −48.81 | −5.98 | −4.99 | 31.90 | 50.87 | 37.89 | −1.99 | 3.97 |
| Interest | 43.04 | 45.02 | 40.05 | 43.03 | 117 | 111 | 87.10 | 67.03 | 78.05 | 82.11 | 86.11 | 89.08 |
| Depreciation | 102 | 104 | 114 | 128 | 346 | 429 | 394 | 393 | 432 | 484 | 535 | 552 |
| Profit before tax | 295 | 218 | 216 | 133 | −38.82 | 139 | 510 | 506 | 391 | 346 | 326 | 379 |
| Tax % | 32.9% | 35.9% | 32.9% | 32.9% | 7.0% | 27.0% | 24.9% | 26.9% | 22.9% | 27.0% | 23.9% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | −77.31 | −14.04 | −22.07 | 12.04 | 11.04 | 15.04 | −33.11 | −37.13 |
| Net Profit | 197 | 140 | 145 | 90.05 | −42.01 | 102 | 382 | 371 | 301 | 252 | 247 | 286 |
| EPS (Rs) | 82.99 | 58.94 | 61.04 | 37.85 | −17.65 | 42.90 | 161.09 | 156.30 | 126.90 | 106.40 | 104.24 | 120.98 |
| Dividend payout % | 36.0% | 25.0% | 21.0% | 33.0% | 0.0% | 35.0% | 37.0% | 19.0% | 20.0% | 24.0% | 24.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24.03 | 23.99 | 24.01 | 24.03 | 24.02 | 23.99 | 24.01 | 23.99 | 24.01 | 23.99 | 24.03 | 24.03 |
| Reserves | 284 | 358 | 406 | 508 | 554 | 467 | 568 | 847 | 1,155 | 1,342 | 1,533 | 1,751 |
| Borrowings | 331 | 396 | 490 | 417 | 572 | 528 | 1,519 | 1,063 | 1,116 | 1,070 | 1,004 | 1,137 |
| Other Liabilities | 351 | 488 | 479 | 556 | 664 | 1,621 | 787 | 895 | 927 | 1,026 | 1,102 | 1,213 |
| Total Liabilities | 989 | 1,265 | 1,398 | 1,504 | 1,813 | 2,640 | 2,898 | 2,829 | 3,222 | 3,461 | 3,663 | 4,125 |
| Fixed Assets | 216 | 452 | 470 | 517 | 653 | 1,662 | 1,582 | 1,435 | 1,434 | 1,820 | 1,811 | 2,031 |
| CWIP | 25.01 | 20.98 | 67.01 | 98.94 | 91.02 | 17.99 | 6.99 | 68.91 | 439 | 74.01 | 76.94 | 26.99 |
| Investments | 25.92 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 150 | 206 | 171 | 306 | 385 | 412 |
| Other Assets | 722 | 791 | 862 | 887 | 1,068 | 960 | 1,160 | 1,117 | 1,179 | 1,260 | 1,390 | 1,655 |
| Inventories | 4.01 | 21.04 | 25.05 | 21.04 | 26.03 | 27.04 | 32.07 | 35.05 | 39.04 | 52.11 | 52.10 | 56.12 |
| Trade receivables | 292 | 292 | 362 | 424 | 492 | 530 | 520 | 582 | 639 | 672 | 789 | 921 |
| Cash & equivalents | 166 | 287 | 256 | 228 | 269 | 99.80 | 310 | 184 | 95.82 | 166 | 167 | 238 |
| Total Assets | 989 | 1,265 | 1,398 | 1,504 | 1,813 | 2,640 | 2,898 | 2,829 | 3,222 | 3,461 | 3,663 | 4,125 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 154 | 362 | 226 | 318 | 244 | 365 | 753 | 863 | 720 | 849 | 737 | 813 |
| Cash from investing activity | 32.09 | −149 | −229 | −190 | −281 | −193 | −530 | 11.03 | −515 | −376 | −300 | −316 |
| Cash from financing activity | −126 | −95.28 | −33.13 | −152 | 79.21 | −341 | −236 | −775 | −292 | −402 | −435 | −426 |
| Net cash flow | 59.97 | 118 | −36.01 | −25.01 | 41.97 | −169 | −13.99 | 98.92 | −88.99 | 70.93 | 1.99 | 71.95 |
| Capex | 44.01 | 120 | 124 | 200 | 287 | 199 | 161 | 175 | 571 | 268 | 254 | 315 |
| Free cash flow | 93.97 | 252 | 56.95 | 119 | −43.99 | 167 | 590 | 689 | 147 | 585 | 488 | 498 |
| CFO / OP % | 102.0% | 116.0% | 91.0% | 114.0% | 113.0% | 90.0% | 113.0% | 100.0% | 93.0% | 107.0% | 94.0% | 98.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 47 | 41 | 49 | 55 | 56 | 61 | 57 | 48 | 45 | 46 | 50 | 55 |
| Cash conversion cycle | 48 | 42 | 50 | 56 | 57 | 62 | 58 | 49 | 46 | 47 | 51 | 56 |
| Working capital days | 9 | 0 | −17 | −16 | −21 | −36 | −73 | −48 | −22 | −46 | −22 | −10 |
| ROCE % | 32.0% | 48.0% | 31.1% | 28.0% | 17.0% | 13.0% | 17.0% | 31.0% | 26.1% | 19.0% | 16.0% | 17.0% |
For the Jun 2026 quarter, Blue Dart Express reported sales of ₹1,655 Cr, up 14.9% year on year and net profit of ₹88.04 Cr, up 79.7% year on year. The operating margin was 16.0%.
Blue Dart Express' sales for the year to Mar 2026 were ₹6,130 Cr; over the last twelve months they were ₹6,345 Cr.
Net profit for the year to Mar 2026 was ₹247 Cr, and ₹286 Cr over the last twelve months. Earnings per share over the same trailing period were ₹120.98.
Blue Dart Express reported borrowings of ₹1,137 Cr at Mar 2026, against cash and equivalents of ₹238 Cr.
Cash from operations was ₹813 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹498 Cr.