Blue Dart Express has partnered with India Post to introduce automated digital parcel lockers at selected post offices, offering customers an additional delivery method.
With a market capitalization of Rs. 16,276 crores, the shares of Blue Dart Express Ltd opened Monday’s trading session on a higher note at Rs. 6,916 compared to its previous close at Rs. 6,859. The share hit a high of Rs. 6,949 making a gain of around 0.5 percent and currently trading at Rs. 6,801 apiece.
In an exchange filing, the company announced that it has partnered with India Post to introduce automated digital parcel lockers at selected post offices, offering customers an additional delivery method. This innovation allows customers to conveniently retrieve their shipments from digital parcel lockers, doing away with the need for personal receipts or signing for a package. These digital lockers keep their contents secure and are easily accessible.
When the customers need to retrieve their package from the lockers, they can simply enter the assigned code and open the locker. Furthermore, deliveries can be collected at any time and only authorized personnel can access the packages. In addition, the company has teamed up with Podrones, a last-mile technology and parcel locker company to power this initiative.
Coming onto the financials of the company, revenue increased by 7 percent from Rs. 1,237 crores in the June quarter to Rs. 1,324 crores in the September quarter. Moreover, the net profit magnified by 20 percent from Rs. 61 crores to Rs. 73 crores during the same timeframe.
Looking at the important financial ratios, the return on equity (RoE) was at 36.14 percent during FY 22-23 and the return on capital employed (RoCE) was recorded as 45.98 percent during the same period.
According to the latest shareholding pattern, the Promoters have a 75 percent stake in the company, the Public or Retail Investors have 8.5 percent holdings, DIIs have a considerable stake of 11.77 percent, and the remaining 4.73 percent shares are with the FIIs.
Heaqaurted in Mumbai, Blue Dart Express Ltd was incorporated in 1991. The company is South Asia’s leading integrated air express carrier and premium logistics services provider. It offers delivery of consignments to more than 50 thousand locations in India.
Written By Vaibhav Patil
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