Express air and integrated transportation and distribution company Blue Dart Express intends to add two Boeing 737-800 freighter aircraft.
Blue Dart managing director Balfour Manuel said: “Our fleet expansion will enhance our geographical reach and widen our capacity to service current and potential demand across industries.
“Moreover, our key growth levers for the upcoming year will revolve around leveraging the power of technology & digitalisation to provide sustainable logistic solutions with a deep focus on carbon sequestration.”
The company posted ₹ 117 Cr profit after tax (previous year ₹ 29 Cr) for the quarter ended June 30, 2022.
Revenue from operations for the quarter ended June 30, 2022 stood at ₹ 1,293 Cr with a growth of 49.6% over the corresponding quarter of the previous year.
EBITDA for the quarter is ₹ 201 Cr, a growth of 125% over the corresponding quarter of the previous year. EBITDA margin stood at 15.5%.
Going forward, the company would continue to add more freighters by expanding its network into Tier II cities based on load factors.
Similarly, the company is expanding its ground hub and network to handle expected growth in volumes.