Blue Dart Express sees negative performance in Q1 FY25, debt-equity ratio at lowest in 5 years

Blue Dart Express, a midcap logistics company, has recently announced its financial results for the quarter ended June 2024. The stock call for the company by MarketsMOJO is ‘Hold’.

According to the financials, Blue Dart Express has seen a negative performance in the quarter, with a score of -9 compared to 3 in the previous quarter. However, there are some positive aspects to the company’s financials. The debt-equity ratio for the company is at its lowest in the last five half-yearly periods, indicating a reduction in borrowing compared to equity capital.

On the other hand, there are some areas of concern for Blue Dart Express. The company’s operating profit to interest ratio has been at its lowest in the last five quarters, indicating a deteriorating ability to manage interest payments. The profit before tax less other income has also fallen by 12.79% year on year, and the profit after tax has also seen a decline of 12.8% year on year. The earnings per share for the quarter have also been at their lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Overall, the financial results for the quarter ended June 2024 for Blue Dart Express have been negative, with some areas of concern. Investors are advised to hold their positions in the company’s stock, as recommended by MarketsMOJO.