Deutsche Post DHL’s Indian express subsidiary Blue Dart Express has recorded a 16% rise in revenue in its latest quarter.
The company said it made INR 4.3bn ($76.7m USD) in the three months up to the end of June, including fuel surcharges, while its results for the first half of the year showed a 19% increase on the previous year, to INR 8.4bn ($150m).
Despite significant increases in operating costs – up 17% in the quarter – Blue Dart’s net profit was up more than 19% compared to the same quarter in 2011, to INR 4bn ($71m).
For the first half of 2012 net profit was down half a percentage point, however, to INR 6.97bn ($124m).
Commenting on the unaudited results, Blue Dart managing director Anil Khanna said his company would continue investing to provide best-in-class express infrastructure and services.
“At the mid-way point in the year, we look back with great pride at the efforts our teams have put in to remain a provider, investment and employer of choice,” he said, adding that his company had recently won an award as one of the best companies for which to work in India.
Blue Dart specialises in integrated air and ground transportation and distribution of time-sensitive packages, with a network of 7,300 vehicles, 7,944 staff and more than 36,600 locations in India.
The firm based in Mumbai has been operating since 1983, and last year turned over INR 14.8bn ($264m).