InvestorQ : Did Blue Dart also take a hit in the March quarter on account of COVID-19?
Khushi Patel made post

Did Blue Dart also take a hit in the March quarter on account of COVID-19?

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Anjana Aiyar answered.
5 months ago
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Blue Dart Express reported net loss of Rs.30.57 crore in Mar-20 quarter against a profit of Rs.12 crore in the corresponding quarter last year. Clearly, Blue Dart took a sharp cut on the nationwide lockdown induced by COVID-19, mainly as the logistics business was hit by most offices and factories remaining shut. Revenues for the Mar-20 quarter were also slightly lower by 8% at Rs.726.30 crore. Despite the benefits of cost efficiency measures and restructuring exercise, the lockdown due to COVID-19 in the second half of March took its toll. However, being in a mission critical business, it is expected to get back to normal by the next two quarters.

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