Blue Dart, part of the DHL eCommerce Solutions division of Deutsche Post DHL Group, reported a 280 percent increase in consolidated net profit of Rs 118 crore ($14.8 million) for the first quarter ended June 30, 2022 on a sales increase of 49 percent of Rs 1,293 crore ($161.7 million).

“Sound revenue growth coupled with the journey of automation and digitization to improve speed, transparency and efficiency helped the company improve its margin during the quarter. With improved cash flows through better accounts receivable management, the company remains debt free,” said the company. an official release announcing the results.

Blue Dart reported 50 percent volume growth during the quarter, carrying 77.08 million shipments (last year 51.22 million shipments), accounting for 278,393 tons (last year 184,431 tons), the statement said. Blue Dart plans to add two Boeing 737-800 freighters during the fiscal year.

“Blue Dart continues its strides in delivering strong performance and the results are indicative of our efforts to remain a Provider of Choice, an Employer of Choice and an Investment of Choice for all of our stakeholders,” said Balfour Manuel , Managing Director of Blue Dart. “Our relentless focus on customer centricity and delivering excellence, enhanced by our technology expertise, accelerated pace of adoption of digitization, and a task force of dedicated staff continue to drive our growth and performance at all levels.

“Our fleet expansion will expand our geographic reach and broaden our capacity to meet current and potential demand across industries. In addition, our key growth levers for the coming year will revolve around harnessing the power of technology and digitalization to deliver sustainable logistics solutions. with a deep focus on carbon sequestration.”

Under the Mission 2050 initiative, Blue Dart has contributed to more than 10 percent of the Deutsche Post DHL Group's global goal of planting 1 million trees annually since 2017. Blue Dart has achieved a CO2 efficiency of 34 percent by 2021 and aims to operate all facilities on Net Zero Carbon by 2025, increasing efficiency and using cleaner fuels for its fleet of 6 Boeing 757-200 aircraft, it said. the explanation.