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India
As of 18 Sept 2026, 03:30 pm
Blue Dart Express announced on September 16, 2026, that R.S. Subramanian will succeed Balfour Manuel as Managing Director starting November 30, 2026, subject to necessary approvals. Balfour Manuel is scheduled to step down on November 29, 2026, after a 43-year tenure, including serving as Managing Director since 2019. He will continue with the company as a Senior Strategic Advisor until May 15, 2027.
Between March 2019 and March 2020, Blue Dart Express saw its Total Assets increase from ₹1,811 crore to ₹2,641 crore, with a significant rise in Fixed Assets from ₹654 crore to ₹1,665 crore. Conversely, Cash from Operating Activity increased from ₹243 crore to ₹364 crore, and Free Cash Flow turned positive at ₹167 crore in March 2020, compared to a negative ₹44 crore in March 2019. However, Borrowings decreased from ₹573 crore to ₹530 crore, and Reserves declined from ₹554 crore to ₹467 crore.
As of September 18, 2026, Blue Dart Express has experienced negative returns across various periods. The stock shows a return of -18% over the last year, -8% over the last six months, and -15% year-to-date. Longer-term, the 5-year return is -1% and the return since inception is -31%.
As of September 18, 2026, the daily and weekly technical trends for Blue Dart Express are indicated as bearish. The daily trend shows the closing price of ₹4,821 is below the 20-day and 50-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs). The weekly trend also shows the closing price below its 20-day and 50-day EMAs and SMAs, with the Supertrend indicator suggesting a bearish direction.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹1,657.72 crore | ₹1,533.47 crore | ₹1,616.16 crore | ₹1,549.33 crore | ₹1,441.92 crore |
| Profit Before Tax | PEAK₹119.04 crore | ₹72.53 crore | ₹78.99 crore | ₹109.30 crore | ₹65.93 crore |
| Basic Earnings Loss Per Share From Continuing Operations | PEAK₹37.29 per share | ₹20.59 per share | ₹28.79 per share | ₹34.30 per share | ₹20.58 per share |
| Diluted Earnings Loss Per Share From Continuing Operations | PEAK₹37.29 per share | ₹20.59 per share | ₹28.79 per share | ₹34.30 per share | ₹20.58 per share |
In the quarter ended 30 June 2026, Blue Dart Express Limited reported revenue from operations of ₹1,657.72 crore, a 15.0% increase compared to the same period in the prior year. Profitability rose sharply, with profit before tax increasing by 80.6% year-on-year to ₹119.04 crore. This growth in earnings outpaced the growth in revenue, resulting in a wider profit margin during the period.
Basic and diluted earnings per share from continuing operations were identical at ₹37.29 per share for the quarter ended 30 June 2026. This represents an 81.2% increase from ₹20.58 per share in the corresponding quarter of the prior year. The growth in earnings per share aligns closely with the growth in profit before tax, confirming that the increase in earnings was not diluted by share count changes or other equity adjustments.
Blue Dart Express delivered a quarter where earnings grew significantly faster than revenue. The company generated ₹1,657.72 crore in sales, but the bottom line improved by over 80% due to a wider profit margin. This marks a recovery in profitability following a dip in the previous quarter, with the current quarter setting a new high for profit before tax in the recent five-quarter history.
Exchange disclosures and regulatory announcements for Blue Dart Express.
On September 16, 2026, Blue Dart Express Limited announced that R.S. Subramanian will succeed Balfour Manuel as Managing Director effective November 30, 2026, subject to requisite approvals. Balfour Manuel is scheduled to step down on November 29, 2026, and will continue serving as Senior Strategic Advisor until May 15, 2027. The transition follows Manuel's 43-year tenure with the company, during which he served as Managing Director since 2019.
Blue Dart Express Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP
Blue Dart Express Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)
On September 15, 2026, the Board of Blue Dart Express Ltd. approved Mr. Balfour Manuel's early superannuation as Managing Director effective November 29, 2026, waiving the standard six-month notice period to facilitate succession. Concurrently, the Board appointed Mr. R.S. Subramanian as the new Managing Director for a term from November 30, 2026, to May 25, 2030, subject to shareholder approval. Following his resignation, Mr. Manuel will serve as a Senior Strategic Advisor until May 15, 2027.
Blue Dart Express Limited has informed the Exchange about change in Management |SUBJECT: Change in Management
Blue Dart Express Ltd fixed September 15, 2026 as the Record Date for a dividend of ₹25 per equity share for FY ended March 31, 2026, as recommended by the Board on May 9, 2026. The Register of Members will close from September 16 to September 22, 2026. The dividend, subject to approval at the 35th Annual General Meeting on September 22, 2026, will be paid on or after September 25, 2026.
Recent market and company developments associated with Blue Dart Express.
With effect from 30 November 2026
Shares of Inox Wind, Kaynes Technology India, Bandhan Bank and SAIL are banned from F&O trading on 16 September 2026.
Karnataka Bank, Pondy Oxides & Chemicals, India Tourism Development Corporation, Blue Dart Express, Arrow Greentech, The Hi-Tech Gears, J Kumar Infraprojects, Carysil, Aarti Pharmalabs, ITL Industries, Ex-dividend
Shares of Blue Dart, Karnataka Bank, and others focus on their dividend record dates on September 15. Investors need to own stocks by this date for eligibility.
Markets will keep an eye on key earnings, auto sales updates and fresh order wins. Stocks in focus include Aarti Drugs, ITC, Maruti Suzuki, Indian Oil, Hero MotoCorp, Tata Motors and Mahindra & Mahindra after their quarterly results and July sales updates. Glenmark Pharma, ABB India, Blue Dart Express, NCC and Powerica will also be tracked for their earnings, order wins and business developments.
Q1 Results LIVE Updates: Four Nifty companies, ITC, Maruti Suzuki, Sun Pharma and Bajaj Finserv report results today to round off this week dominated by earnings. Broader market names like Dixon Tech, Indian Oil, Glenmark Pharma, GMDC, ABB India, SJVN, GAIL and NALCO among many others will also be reporting their results. The big result reactions of the day include the likes of Swiggy, Mazagon Dock, Thermax, Bajaj Finance's earnings call and upgrades among others.
The edtech company secured anchor investment ahead of its SME listing as it prepares to fund technology, expansion and debt repayment.
Logistics sector revenue is poised for healthy growth in the June quarter. This expansion is driven by e-commerce demand and increased supply-chain outsourcing. However, elevated fuel costs and pricing pressures may impact profitability across companies. Container Corporation of India and Delhivery anticipate revenue increases with margin challenges. Blue Dart Express and TCI also expect revenue growth, with fuel prices being key.
Comprehensive Section Breakdown for Blue Dart Express
Strategic Vision: Provides integrated express air and transportation services.
• Extensive domestic network
• Access to a global logistics network
• Dedicated cargo airline operations
• Integrated infrastructure for efficiency and reach
• Advanced technology for logistics functions
• Nationwide warehouse network including bonded facilities
Revenue from operations increased to ₹1,657.72 crore in the quarter ended 30 June 2026, up from ₹1,441.92 crore in the prior-year quarter. On a sequential basis, revenue grew 8.1% from ₹1,533.47 crore in the preceding quarter. Over the five reported quarters, revenue peaked in the third quarter of the prior fiscal year at ₹1,616.16 crore before declining in the fourth quarter. The current quarter's revenue surpasses that previous peak, marking a sequential recovery following the dip in the March quarter.
Profit before tax reached ₹119.04 crore, an increase of 80.6% from ₹65.93 crore in the prior-year quarter. The disparity between revenue growth (15.0%) and profit growth (80.6%) is reflected in the profit margin. In the prior-year quarter, the profit before tax margin stood at 4.6%. In the current quarter, this margin expanded to 7.2%, a widening of 2.6 percentage points. The current quarter's profit before tax of ₹119.04 crore is the highest recorded in the five-quarter series, exceeding the previous high of ₹109.30 crore set in the second quarter of the prior fiscal year.
Blue Dart Express reported a strong Q1 FY27 with revenue from operations of ₹1,658 crore (up 15% YoY) and PAT of ₹87 crore (up 85% YoY). Management attributed the performance to focused execution and disciplined network management despite a challenging operating environment and higher costs. The company continues to leverage its integrated air and ground network and technology-enabled operations to deliver reliable logistics solutions.
Looking ahead, management remains focused on improving productivity, strengthening the network, accelerating digital enablement, and investing in sustainable capabilities. Backed by its integrated infrastructure and trusted brand, the company is well positioned to support growth in India's evolving logistics landscape.
Category: Supply Chain
Offers air express, freight forwarding, supply chain solutions, and customs clearance through an integrated infrastructure.
Key Products & Services: Blue Dart Aviation
Category: B2B Services
Engages in B2B and B2C e-commerce initiatives, collaborating with key online portals within India.
Core Thesis: An integrated infrastructure of air and surface networks, supported by advanced technology, enables comprehensive logistics solutions.
• Integrated Network: Leverages an extensive domestic network and a global logistics network through DHL Group. • Advanced Technology: Utilizes technology for Track and Trace, MIS, ERP, customer service, space control, and reservations. • Dedicated Air Cargo: Operates Blue Dart Aviation with a fleet for night freighter flight operations ensuring time-definite deliveries. • National Surface Network: Complements the air network with a countrywide surface network extending delivery capabilities.