# BLUEDART (BLUEDART) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/bluedart

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹4,816.6
- Change: +0.11%
- As of: 2026-09-18
- 1D return: +0.20%
- 5D return: -1.26%
- 1M return: -5.04%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, Blue Dart's stock is trading at ₹4821.0, with a daily technical stance indicating weakness. The daily timeframe shows the price below key moving averages including the 20-day Exponential Moving Average (EMA) at ₹4938.01 and the 50-day Simple Moving Average (SMA) at ₹5012.82, alongside a bearish Supertrend indicator at ₹5084.52. This aligns with the weekly timeframe, which also shows the price below its 20-day EMA (₹5023.61) and 50-day EMA (₹5301.55), with a bearish Supertrend at ₹5566.41. In contrast, the monthly timeframe presents a conflicting signal, with the price below its 20-day EMA (₹5511.23) but above the monthly Supertrend at ₹3257.21, suggesting potential underlying support despite shorter-term weakness. The stock is currently positioned near its nearest resistance at ₹4824.93 (8% away) and nearest support at ₹4795.27 (0.53% away). The stock has experienced a maximum drawdown of -0.35 and exhibits annualized volatility of 0.3.

- Daily and weekly timeframes show price below key moving averages and bearish Supertrend.
- Monthly timeframe shows price below 20-day EMA but above Supertrend, indicating mixed signals.
- Nearest resistance is observed at ₹4824.93, with nearest support at ₹4795.27.
- Watch for a sustained break below ₹4795.27 to confirm further downside, or a move above ₹4824.93 to test near-term resistance.

- Shooting Star
- Inside Bar
- Morning Star
- Doji
- Harami
- Outside Bar

### News Context

Blue Dart Express announced a significant management change, with R.S. Subramanian set to take over as Managing Director effective November 30, 2026. This transition marks a notable development in the company's leadership.

In other news, the company was among several listed entities that became ex-dividend on September 15, 2026. This means that investors purchasing shares on or after this date would not be eligible for the recently declared dividend. The record date for dividend eligibility was also September 15, 2026, requiring ownership by this date to receive the payout.

- R.S. Subramanian appointed as Managing Director, effective November 30, 2026.
- Became ex-dividend on September 15, 2026.
- Dividend record date was September 15, 2026.

- Blue Dart Express appoints R.S. Subramanian as MD
- Stock Alert: GMR Airports, Saatvik Green Energy, NBCC, GMM Pfaudler
- Karnataka Bank, Pondy Oxides, ITDC, Blue Dart among stocks to turn ex-dividend on September 15
- Dividend alert: Last chance to buy Blue Dart, Karnataka Bank, Aarti Pharma, ITDC, and others for dividends | Full list

### Official Filings

Blue Dart Express Limited has announced a planned leadership transition. R.S. Subramanian is set to succeed Balfour Manuel as Managing Director, with the change effective November 30, 2026. This transition follows Mr. Manuel's 43-year tenure, including his time as Managing Director since 2019. Mr. Manuel will step down on November 29, 2026, but will continue to serve the company as a Senior Strategic Advisor until May 15, 2027. The Board of Directors approved Mr. Manuel's early superannuation as Managing Director on September 15, 2026, waiving the standard notice period to facilitate this succession. Mr. Subramanian's appointment is for a term from November 30, 2026, to May 25, 2030, and is subject to shareholder approval. Additionally, the company has set September 15, 2026, as the Record Date for a dividend of ₹25 per equity share for the financial year ended March 31, 2026. This dividend is subject to approval at the 35th Annual General Meeting scheduled for September 22, 2026, with payment expected on or after September 25, 2026.

- Planned leadership transition: R.S. Subramanian to become Managing Director effective November 30, 2026, succeeding Balfour Manuel.
- Balfour Manuel to step down as Managing Director on November 29, 2026, after 43 years with the company, and will serve as Senior Strategic Advisor until May 15, 2027.
- R.S. Subramanian's appointment as Managing Director is for a term from November 30, 2026, to May 25, 2030, pending shareholder approval.
- Record Date for dividend payment is September 15, 2026.
- Dividend of ₹25 per equity share for FY ended March 31, 2026, to be paid on or after September 25, 2026, subject to shareholder approval at the AGM on September 22, 2026.

- Blue Dart Express Limited has informed the Exchange regarding a press release dated September 16, 2026, titled "Please find enclosed herewith Press Release being issued by the Company announcing Planned Leadership Transition; R.S. Subramanian to Succeed Balfour Manuel as Managing Director . ". |SUBJECT: Press Release
- Blue Dart Express Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP
- Blue Dart Express Ltd has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Blue Dart Express Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)
- Blue Dart Express Limited has informed the Exchange regarding Resignation of Mr. Balfour Manuel as Managing Director of the company w.e.f. close of business hours of November 29, 2026. |SUBJECT: Resignation
- Blue Dart Express Limited has informed the Exchange about change in Management |SUBJECT: Change in Management
- Blue Dart Express Limited has informed the Exchange that Record date for the purpose of Dividend is 15-Sep-2026. |SUBJECT: Record Date
- Blue Dart Express Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Blue Dart Express Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Blue Dart Express Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL

### Fundamentals

Blue Dart Express reported a mixed financial performance in its recent disclosures. For the quarter ending June 2026 (Q1 FY27), the company posted revenue from operations of ₹1,657.72 crore. However, profit before tax for the same period was ₹119.04 crore, a notable increase from ₹78.99 crore in Q3 FY26 and ₹72.53 crore in Q4 FY26. Earnings per share (EPS) followed a similar trend, with Q1 FY27 reporting ₹37.29 per share, up from ₹28.79 in Q3 FY26 and ₹20.59 in Q4 FY26.

Looking at the longer-term historical data, the company's sales have shown a compounded growth of 9% over the last TTM period, and 13% over the last 5 years. However, compounded profit growth over 3 years has been negative at -10%, though it stands at 31% for the TTM period. Return on Equity (ROE) has been reported at 16% for the last year.

Financially, borrowings have fluctuated, standing at ₹1,073 crore in March 2024 and projected to be ₹1,007 crore by March 2025, before increasing to ₹1,142 crore by March 2026. Fixed assets have seen an increase, reaching ₹1,823 crore in March 2024 and projected to grow to ₹2,035 crore by March 2026. Cash flow from operations has been generally positive, with ₹847 crore in March 2024, and projected at ₹735 crore for March 2025 and ₹810 crore for March 2026. Free cash flow was ₹585 crore in March 2024, with projections of ₹488 crore for March 2025 and ₹498 crore for March 2026. The company's Cash Conversion Cycle has been around 45-50 days in recent years.

- For Q1 FY27, Blue Dart Express reported revenue of ₹1,657.72 crore and Profit Before Tax of ₹119.04 crore.
- EPS for Q1 FY27 was ₹37.29 per share, an increase from ₹28.79 in Q3 FY26 and ₹20.59 in Q4 FY26.
- Sales have grown at a compounded rate of 9% (TTM) and 13% (5-Year).
- Compounded profit growth over 3 years was -10%, but TTM profit growth was 31%.
- Borrowings are projected to increase from ₹1,007 crore in FY25 to ₹1,142 crore in FY26, while fixed assets are expected to grow from ₹1,814 crore in FY25 to ₹2,035 crore in FY26.
- Free Cash Flow was ₹585 crore in FY24, with projections of ₹488 crore for FY25 and ₹498 crore for FY26.

### Bull Case

Blue Dart Express has demonstrated growth in its profit metrics over the past five years and on a trailing twelve-month (TTM) basis. The company's cash flow from operations has also shown an increase from March 2019 to March 2020, contributing to a positive free cash flow in the most recent period. The company's balance sheet shows a significant increase in fixed assets from March 2019 to March 2020, alongside a reduction in borrowings and CWIP during the same period.

- Compounded profit growth was 18% over 5 years and 31% on a TTM basis.
- Compounded sales growth was 13% over 5 years and 9% on a TTM basis.
- Cash flow from operating activities increased to ₹364.0 in March 2020 from ₹243.0 in March 2019.
- Free Cash Flow turned positive to ₹167.0 in March 2020, compared to ₹-44.0 in March 2019.
- Fixed Assets increased to ₹1665 in March 2020 from ₹654 in March 2019.
- Borrowings decreased to ₹530 in March 2020 from ₹573 in March 2019.

- Blue Dart Express appoints R.S. Subramanian as MD
- Stock Alert: GMR Airports, Saatvik Green Energy, NBCC, GMM Pfaudler
- Karnataka Bank, Pondy Oxides, ITDC, Blue Dart among stocks to turn ex-dividend on September 15
- Dividend alert: Last chance to buy Blue Dart, Karnataka Bank, Aarti Pharma, ITDC, and others for dividends | Full list

### Bear Case

Blue Dart Express's financial position shows a notable increase in total assets and total liabilities between March 2019 and March 2020. During this period, fixed assets more than doubled from ₹654 to ₹1665, while other liabilities also saw a significant rise from ₹661 to ₹1620. Concurrently, reserves decreased from ₹554 to ₹467. In terms of cash flow, while operating cash flow increased to ₹364 in March 2020 from ₹243 in March 2019, net cash flow turned negative at -₹169, compared to a positive ₹42 in the prior year. This shift was influenced by a substantial negative cash flow from financing activities of -₹340 in March 2020, contrasting with a positive ₹79 in March 2019. The company's technical indicators suggest a bearish trend on a daily and weekly basis, with the Supertrend indicator pointing downwards and key moving averages (EMA and SMA) trading above the current price.

- Total assets increased from ₹1811 in March 2019 to ₹2641 in March 2020, with total liabilities rising in tandem from ₹1811 to ₹2641.
- Fixed assets grew from ₹654 (March 2019) to ₹1665 (March 2020), while reserves decreased from ₹554 to ₹467 over the same period.
- Net cash flow shifted from positive ₹42 in March 2019 to negative -₹169 in March 2020, driven by a significant outflow in financing activities (-₹340).
- Daily and weekly technical trends indicate a bearish setup, with Supertrend direction noted as bearish.

- Blue Dart Express appoints R.S. Subramanian as MD
- Stock Alert: GMR Airports, Saatvik Green Energy, NBCC, GMM Pfaudler
- Karnataka Bank, Pondy Oxides, ITDC, Blue Dart among stocks to turn ex-dividend on September 15
- Dividend alert: Last chance to buy Blue Dart, Karnataka Bank, Aarti Pharma, ITDC, and others for dividends | Full list

### FAQs

**What is the recent leadership transition at Blue Dart Express?**

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.

**How has Blue Dart Express's financial performance changed between March 2019 and March 2020?**

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.

**What are the recent stock performance trends for Blue Dart Express?**

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%.

**What is the current technical trend for Blue Dart Express shares?**

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.

- Blue Dart Express appoints R.S. Subramanian as MD
- Stock Alert: GMR Airports, Saatvik Green Energy, NBCC, GMM Pfaudler
- Karnataka Bank, Pondy Oxides, ITDC, Blue Dart among stocks to turn ex-dividend on September 15
- Dividend alert: Last chance to buy Blue Dart, Karnataka Bank, Aarti Pharma, ITDC, and others for dividends | Full list
- Blue Dart Express Limited has informed the Exchange regarding a press release dated September 16, 2026, titled "Please find enclosed herewith Press Release being issued by the Company announcing Planned Leadership Transition; R.S. Subramanian to Succeed Balfour Manuel as Managing Director . ". |SUBJECT: Press Release
- Blue Dart Express Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP
- Blue Dart Express Ltd has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Blue Dart Express Limited has informed the Exchange regarding Change in Director(s) of the company. |SUBJECT: Change in Director(s)
- Blue Dart Express Limited has informed the Exchange regarding Resignation of Mr. Balfour Manuel as Managing Director of the company w.e.f. close of business hours of November 29, 2026. |SUBJECT: Resignation
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹4,824.93
- Risk regime: Higher Price Risk

### Support levels
- 4795.275
- 4685.925
- 4786.266666666666

### Resistance levels
- 5079.5
- 5729.5
- 5949.875

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.20% |
| return_10 | -4.13% |
| return_1m | -5.20% |
| return_1y | -17.74% |
| return_20 | -5.04% |
| return_3m | -1.01% |
| return_5 | -1.26% |
| return_6m | -8.10% |
| return_since_start | -30.95% |
| return_ytd | -15.06% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -35.34% |
| annualized_volatility | +29.84% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Profit Growth Outpaces Revenue, Expanding Profit Margins

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.

## Revenue and Sequential Recovery
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.

## Profitability and Margin Expansion
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.

## Earnings Per Share
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.

## Management Commentary

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.

## Key Takeaway
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.

### Ratios

## Official filings

- 2026-09-16 — Press Release: Blue Dart Express Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/pooja_sanghvi_16092026181352_SELetterMDPressRelease.pdf)
- 2026-09-15 — Management Change: Blue Dart Express Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUEDART_ROID_98429_KMP_Doc.zip)
- 2026-09-15 — Generic Announcement: Blue Dart Express Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_510_WebXMLFile_20260915_193422560.xml)
- 2026-09-15 — Generic Announcement: Blue Dart Express Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/pooja_sanghvi_15092026193829_StockExchangeletter.pdf)
- 2026-09-15 — Management Change: Blue Dart Express Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/pooja_sanghvi_15092026193720_StockExchangeletter.pdf)
- 2026-09-15 — Generic Announcement: Blue Dart Express Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/pooja_sanghvi_15092026193443_StockExchangeletter.pdf)
- 2026-09-11 — Generic Announcement: Blue Dart Express Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/pooja_sanghvi_11092026112959_Book_Closure_and_record_date_NSE.pdf)
- 2026-09-06 — Generic Announcement: Blue Dart Express Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_510_WebXMLFile_20260906_121210739.xml)
- 2026-09-06 — Generic Announcement: Blue Dart Express Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_510_WebXMLFile_20260906_121203139.xml)
- 2026-09-06 — Generic Announcement: Blue Dart Express Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_510_WebXMLFile_20260906_121218350.xml)
- 2026-08-28 — Generic Announcement: Blue Dart Express Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/pooja_sanghvi_28082026162539_Blue_Dart_Annual_Report_2025-26_with_Notice.pdf)
- 2026-08-28 — Generic Announcement: Blue Dart Express Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/pooja_sanghvi_28082026165433_SE_Letter-_Reg_30.pdf)
- 2026-08-28 — Generic Announcement: Blue Dart Express Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_510_WebXMLFile_20260828_162938235.xml)
- 2026-08-28 — Generic Announcement: Blue Dart Express Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/pooja_sanghvi_28082026165947_SE_BRSR_Report_.pdf)
- 2026-08-08 — Official Filing: Blue Dart Express Limited reported revenue from operations of INR 1,658 crores and profit after tax of INR 87 crores for the quarter ended June 30, 2026. The company's total tonnage was 364,430 tons, with 96.15 million shipments. E-commerce revenue grew over 10%, while ground B2B grew by 14%. The company's BFSI and document/card portfolio represents 10% to 15% of total revenue.
- 2026-08-05 — Generic Announcement: Blue Dart Express Ltd. conducted an Earnings Call on August 5, 2026, to discuss corporate performance for the quarter ended June 30, 2026. The audio recording of this call with Analysts, Institutional Investors, and Funds is now available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/pooja_sanghvi_05082026174344_SELettersigned.pdf)
- 2026-08-04 — Earnings Presentation: Blue Dart Express Limited has released an investor presentation on August 4, 2026, detailing its performance update for July 2026. The presentation includes financial figures for FY2025-26, with sales of ₹61,409 million, EBITDA of ₹6,492 million, and EBT of ₹3,156 million. It also highlights the company's market leadership, network capabilities, and strategic focus on e-commerce and sustainable growth. — [Official attachment](https://nsearchives.nseindia.com/corporate/pooja_sanghvi_04082026170201_SEFiling.pdf)
- 2026-08-01 — Generic Announcement: Blue Dart Express Ltd. will hold an earnings call on August 5, 2026, at 3:00 p.m. IST to discuss corporate performance for the quarter ended June 30, 2026. The call, facilitated by Motilal Oswal Financial Services Limited, will be conducted virtually and will not involve the disclosure of unpublished price sensitive information or forward-looking statements. Information discussed will be from the public domain and hosted on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/pooja_sanghvi_01082026162049_SELetterInvestorsCallAugust52026.pdf)
- 2026-08-01 — Generic Announcement: Blue Dart Express Limited published its unaudited financial results for the quarter ended June 30, 2026, on August 1, 2026. The standalone total revenue from operations was ₹1,531.71 crore, with a net profit after tax of ₹412.41 crore. For the consolidated results, total revenue from operations was ₹1,531.71 crore, and net profit after tax was ₹412.41 crore. These results were reviewed by the Audit Committee and approved by the Board on July 31, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/pooja_sanghvi_01082026162507_SEUFR.pdf)
- 2026-07-31 — Official Filing: Blue Dart Express Limited's Board of Directors, in a meeting on July 31, 2026, approved the appointment of Mr. Rajat Kumar Jain and Mr. Avijit Mukerji as Non-Executive Independent Directors. Their appointments are subject to shareholder approval at the upcoming Annual General Meeting and are for a term of 60 months, with an effective date of September 23, 2026. Neither director has an inter-se relationship with other board members.
- 2026-07-31 — Press Release: Blue Dart Express Limited's Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, on July 31, 2026. The Board also approved convening the 35th Annual General Meeting for September 22, 2026, and fixed September 15, 2026, as the record date for a dividend of ₹25 per equity share for the financial year ended March 31, 2026. The company reported revenue from operations of ₹1,658 crore and Profit After Tax of ₹87 crore for the quarter ended June 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUEDART_31072026190300_OUTCOME.pdf)
- 2026-07-31 — Generic Announcement: Blue Dart Express Limited's Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, on July 31, 2026. The Board also approved convening the 35th Annual General Meeting for September 22, 2026, and fixed September 15, 2026, as the record date for a dividend of ₹25 per equity share for the financial year ended March 31, 2026. The company reported revenue from operations of ₹1,658 crore and Profit After Tax of ₹87 crore for the quarter ended June 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUEDART_31072026185200_OUTCOME.pdf)
- 2026-07-31 — Generic Announcement: Blue Dart Express Ltd. will close its Register of Members and Share Transfer Books from September 16, 2026, to September 22, 2026, inclusive, for its Annual General Meeting and dividend payment. The dividend, if approved at the AGM on September 22, 2026, will be Rs. 25 per share, payable on or after September 25, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUEDART_31072026184400_Book_Closure.pdf)
- 2026-07-31 — Generic Announcement: The Board of Directors of Blue Dart Express Ltd. has recommended the appointment of Mr. Rajat Kumar Jain and Mr. Avijit Mukerji as Independent Directors. Both appointments are for a term of five years, effective September 23, 2026, and are subject to shareholder approval at the upcoming Annual General Meeting. — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUEDART_31072026190029_IDAppointment.pdf)
- 2026-07-31 — Official Filing: Blue Dart Express Limited's board of directors recommended a final dividend of Rs 25 per equity share for the fiscal year 2025-26. The company had previously intimated the stock exchange on April 27, 2026, regarding the board meeting held on May 9, 2026, to consider this dividend. A record date of September 15, 2026, has been fixed, with book closure from September 16 to September 22, 2026. The general meeting for the final dividend is scheduled for September 22, 2026, with payment expected by September 25, 2026.

## News and market events

- 2026-09-16 — BUSINESS: **Blue Dart Express appoints R.S. Subramanian as MD** — With effect from 30 November 2026 — [Source](https://www.business-standard.com/markets/capital-market-news/blue-dart-express-appoints-r-s-subramanian-as-md-126091601167_1.html)
- 2026-09-16 — BUSINESS: **Stock Alert: GMR Airports, Saatvik Green Energy, NBCC, GMM Pfaudler** — Shares of Inox Wind, Kaynes Technology India, Bandhan Bank and SAIL are banned from F&O trading on 16 September 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-gmr-airports-saatvik-green-energy-nbcc-gmm-pfaudler-126091600135_1.html)
- 2026-09-14 — BUSINESSTODAY: **Karnataka Bank, Pondy Oxides, ITDC, Blue Dart among stocks to turn ex-dividend on September 15** — 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 — [Source](https://www.businesstoday.in/markets/stocks/story/karnataka-bank-pondy-oxides-itdc-blue-dart-among-stocks-to-turn-ex-dividend-on-september-15-555396-2026-09-14)
- 2026-09-14 — Mint: **Dividend alert: Last chance to buy Blue Dart, Karnataka Bank, Aarti Pharma, ITDC, and others for dividends | Full list** — 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.  — [Source](https://www.livemint.com/market/stock-market-news/dividend-alert-last-chance-to-buy-blue-dart-karnataka-bank-aarti-pharma-itdc-and-others-for-dividends-full-list-11789365707462.html)
- 2026-08-02 — CNBC-TV18: **Stocks to Watch for August 3: Auto stocks, ITC, Maruti Suzuki, Indian Oil and more** — 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. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-august-3-auto-stocks-itc-maruti-suzuki-indian-oil-share-price-19959259.htm)
- 2026-07-31 — CNBC-TV18: **Q1 Results LIVE Updates:  IOC slips into loss; Maruti Suzuki profit beats estimates** — 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. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-sun-pharma-itc-maruti-suzuki-bajaj-finserv-tata-steel-swiggy-share-price-liveblog-19958383.htm)
- 2026-07-31 — The Hindu: **Fusion Klassroom Edutech raises ₹11.08 crore from anchor investors ahead of IPO** — The edtech company secured anchor investment ahead of its SME listing as it prepares to fund technology, expansion and debt repayment. — [Source](https://www.thehindubusinessline.com/markets/stock-markets/fusion-klassroom-edutech-raises-1108-crore-from-anchor-investors-ahead-of-ipo/article71288843.ece)
- 2026-07-17 — Economic Times: **Logistics firms set for strong Q1 revenue growth despite margin pressure** — 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. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/logistics-firms-set-for-strong-q1-revenue-growth-despite-margin-pressure/articleshow/132450304.cms)

## Business profile

**Strategic vision:** Provides integrated express air and transportation services.

### Business segments
- **Express Air and Transportation:** Offers air express, freight forwarding, supply chain solutions, and customs clearance through an integrated infrastructure.
- **E-commerce Logistics:** Engages in B2B and B2C e-commerce initiatives, collaborating with key online portals within India.

### Competitive strengths
- 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

## Related stocks

- [AEGISVOPAK (Logistics)](https://faxioms.com/stocks/aegisvopak) — +1.22%
- [DELHIVERY (Logistics)](https://faxioms.com/stocks/delhivery) — +0.06%
- [JSWINFRA (Logistics)](https://faxioms.com/stocks/jswinfra) — +6.83%
- [360ONE (Financial Services)](https://faxioms.com/stocks/360one) — +1.96%
- [3MINDIA (Diversified)](https://faxioms.com/stocks/3mindia) — +5.50%

## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/bluedart
Markdown representation: https://faxioms.com/stocks/bluedart?render=md