Blue Dart Q2 profit down 3% to Rs 41.39 cr

New Delhi, Oct 17 (PTI) Logistics major Blue Dart Express today reported 3.29 per cent fall in standalone net profit to Rs 41.39 crore for the September quarter, 2017-18.The firm had clocked net profi

New Delhi, Oct 17 (PTI) Logistics major Blue Dart Express today reported 3.29 per cent fall in standalone net profit to Rs 41.39 crore for the September quarter, 2017-18.

The firm had clocked net profit of Rs 42.80 crore in the year-ago period, it said in a BSE filing.

Its total standalone income rose to Rs 708.64 crore during the July-September quarter of the current fiscal, as against Rs 670.21 crore in the same quarter of 2016-17.

Total expenses of the also rose to 645.38 crore from Rs 607.18 crore.

In a separate statement, Blue Dart Managing Director Anil Khanna said, “The economy is still reviving from the after effects of demonetisation and now GST, which has impacted growth across certain large industry verticals. The challenges will continue through the year.”

However, the outlook is moderate and holds the potential for long term benefits, he said.

Blue Dart Express Ltd, is an express air and integrated transportation and distribution company making deliveries to over 35,129 locations in India.

The company stock ended 0.91 per cent down at Rs 4,140.15 on BSE.

This is published unedited from the PTI feed.