Blue Dart Express reports flat performance in Q2, net sales highest in 5 quarters.

Nov 14 2024 05:34 PM IST
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Blue Dart Express, a midcap logistics company, has reported its financial results for the quarter ending September 2024. The company's net sales have increased, but profit before and after tax have decreased. MarketsMojo recommends holding the stock, as the overall performance is mixed with positive and negative aspects.

Blue Dart Express, a midcap logistics company, has recently declared its financial results for the quarter ending September 2024. The stock call for the company by MarketsMOJO is 'Hold'.

According to the financial report, Blue Dart Express has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been an improvement in the overall score from -9 to -3 in the last three months.

One of the positive aspects of the company's financials is the net sales, which have been the highest in the last five quarters at Rs 1,448.46 crore. The sales trend in the near term is also positive.

On the other hand, the profit before tax (PBT) less other income has fallen by 17.69% year on year, standing at Rs 76.24 crore. The near term trend for PBT is also negative. Similarly, the profit after tax (PAT) has also decreased by 14.0% year on year, with a near term negative trend.

Overall, Blue Dart Express has shown a mixed performance in the recent quarter, with some positive and negative aspects. Investors are advised to hold their stocks for now, as suggested by MarketsMOJO.
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