Blue Dart Express Ltd Share Price ₹4,759

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Blue Dart Express Ltd

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	1,217	1,238	1,324	1,383	1,323	1,343	1,448	1,512	1,417	1,442	1,549	1,616	1,533
Expenses +	1,017	1,047	1,102	1,170	1,097	1,141	1,230	1,272	1,204	1,246	1,297	1,335	1,311
Operating Profit	199	191	223	213	226	202	218	239	213	196	252	281	222
OPM %	16%	15%	17%	15%	17%	15%	15%	16%	15%	14%	16%	17%	14%
Other Income +	9	10	5	24	11	9	9	12	12	10	10	-33	12
Interest	15	19	20	20	19	21	21	21	20	19	22	24	22
Depreciation	96	99	111	111	113	118	121	121	124	121	131	145	140
Profit before tax	97	82	98	108	105	72	85	109	81	66	109	79	73
Tax %	28%	26%	25%	17%	26%	26%	26%	26%	32%	26%	26%	14%	33%
Net Profit +	69	61	73	89	78	53	63	81	55	49	81	68	49
EPS in Rs	29.27	25.83	30.79	37.46	32.78	22.51	26.48	34.14	23.24	20.58	34.30	28.80	20.59

Financials of Blue Dart Express Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	2,272	2,563	2,690	2,799	3,174	3,175	3,288	4,410	5,172	5,268	5,720	6,141
Expenses +	2,048	2,157	2,348	2,447	2,888	2,701	2,602	3,410	4,235	4,415	4,844	5,190
Operating Profit	224	406	342	352	286	475	686	1,000	938	853	876	951
OPM %	10%	16%	13%	13%	9%	15%	21%	23%	18%	16%	15%	15%
Other Income +	25	35	26	20	19	-49	-6	-5	32	51	38	-2
Interest	11	43	45	40	43	117	111	87	67	78	82	86
Depreciation	44	102	104	114	128	347	430	395	394	433	485	536
Profit before tax	194	296	219	217	134	-39	140	512	508	393	347	327
Tax %	34%	33%	36%	33%	33%	7%	27%	25%	27%	23%	27%	24%
Net Profit +	129	197	140	145	90	-42	102	382	371	301	252	247
EPS in Rs	54.51	82.95	58.93	60.99	37.83	-17.64	42.91	161.08	156.16	126.86	106.38	104.26
Dividend Payout %	294%	36%	25%	21%	33%	0%	35%	37%	19%	20%	24%	24%

Financials of Blue Dart Express Ltd

Capital structure and asset base

	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	24	24	24	24	24	24	24	24	24	24	24
Reserves	284	358	406	508	554	467	568	848	1,156	1,344	1,535	1,753
Borrowings +	332	397	491	418	573	530	1,522	1,066	1,120	1,073	1,007	1,142
Other Liabilities +	349	486	477	553	661	1,620	783	891	923	1,021	1,097	1,208
Total Liabilities	988	1,265	1,397	1,503	1,811	2,641	2,897	2,829	3,223	3,461	3,663	4,127
Fixed Assets +	216	453	471	518	654	1,665	1,583	1,437	1,437	1,823	1,814	2,035
CWIP	25	21	67	99	91	18	7	69	439	74	77	27
Investments	26	0	0	0	0	0	150	207	171	307	386	413
Other Assets +	721	790	860	885	1,066	958	1,158	1,115	1,176	1,257	1,386	1,652
Total Assets	988	1,265	1,397	1,503	1,811	2,641	2,897	2,829	3,223	3,461	3,663	4,127

Financials of Blue Dart Express Ltd

Operating, investing and financing cash movement

	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 +	153	361	225	317	243	364	750	860	717	847	735	810
Cash from Investing Activity +	32	-149	-228	-190	-280	-193	-529	11	-514	-375	-300	-315
Cash from Financing Activity +	-126	-95	-33	-152	79	-340	-235	-772	-291	-401	-434	-424
Net Cash Flow	60	118	-36	-25	42	-169	-14	99	-89	71	2	72
Free Cash Flow	94	252	57	119	-44	167	590	689	147	585	488	498
CFO/OP	102%	116%	91%	114%	113%	90%	113%	100%	93%	107%	94%	98%

Financials of Blue Dart Express Ltd

Working capital efficiency and return ratios

	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
Inventory Days
Days Payable
Cash Conversion Cycle	47	41	49	55	56	61	57	48	45	46	50	55
Working Capital Days	8	0	-18	-17	-22	-37	-74	-49	-23	-47	-23	-11
ROCE %	32%	48%	31%	28%	17%	13%	17%	31%	26%	19%	16%	17%