Blue Dart Express Reports FY2025-26 Annual Financial Results; Board Recommends Dividend of ₹25 Per Share

Blue Dart Express Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, following a Board of Directors meeting held in Mumbai on May 9, 2026. The results were reviewed by the Audit Committee and subsequently approved by the Board, with statutory auditors Deloitte Haskins & Sells LLP issuing an unmodified audit opinion on both standalone and consolidated financial statements.

Standalone Financial Performance

On a standalone basis, Blue Dart Express reported revenue from operations of ₹6,14,088 lakhs for the year ended March 31, 2026, compared to ₹5,72,018 lakhs in the previous year. Total income for the full year stood at ₹6,21,795 lakhs against ₹5,79,847 lakhs in FY2024-25. The following table summarises the key standalone financial metrics:

Metric: FY2025-26 (Audited) FY2024-25 (Audited) Revenue from Operations (₹ in lakhs): 6,14,088 5,72,018 Other Income (₹ in lakhs): 7,707 7,829 Total Income (₹ in lakhs): 6,21,795 5,79,847 Total Expenses (₹ in lakhs): 5,85,804 5,46,260 Profit Before Exceptional Items & Tax (₹ in lakhs): 35,991 33,587 Exceptional Items (₹ in lakhs): 4,436 - Profit Before Tax (₹ in lakhs): 31,555 33,587 Net Profit (₹ in lakhs): 23,969 24,463 Basic EPS (₹, not annualised): 101.02 103.10 Diluted EPS (₹, not annualised): 101.02 103.10

For the quarter ended March 31, 2026, standalone revenue from operations was ₹1,53,347 lakhs compared to ₹1,41,732 lakhs in the corresponding quarter of the previous year. Net profit for the quarter stood at ₹4,322 lakhs against ₹5,322 lakhs in Q4 FY2024-25. Basic and diluted earnings per share for the quarter were ₹18.22 (not annualised).

Consolidated Financial Performance

On a consolidated basis, encompassing Blue Dart Express Limited and its wholly owned subsidiaries Blue Dart Aviation Limited and Concorde Air Logistics Limited, the Group reported revenue from operations of ₹6,14,088 lakhs for FY2025-26, with total income of ₹6,18,280 lakhs compared to ₹5,76,216 lakhs in FY2024-25. The table below presents the key consolidated financial highlights:

Metric: FY2025-26 (Audited) FY2024-25 (Audited) Revenue from Operations (₹ in lakhs): 6,14,088 5,72,018 Other Income (₹ in lakhs): 4,192 4,198 Total Income (₹ in lakhs): 6,18,280 5,76,216 Total Expenses (₹ in lakhs): 5,81,202 5,41,492 Profit Before Exceptional Items & Tax (₹ in lakhs): 37,078 34,724 Exceptional Items (₹ in lakhs): 4,403 - Profit Before Tax (₹ in lakhs): 32,675 34,724 Net Profit (₹ in lakhs): 24,739 25,242 Basic EPS (₹, not annualised): 104.26 106.38 Diluted EPS (₹, not annualised): 104.26 106.38

Consolidated net worth for the year ended March 31, 2026 stood at ₹1,77,683 lakhs compared to ₹1,55,904 lakhs as at March 31, 2025. Total consolidated assets as at March 31, 2026 were ₹4,12,685 lakhs against ₹3,66,276 lakhs in the prior year.

Exceptional Items: New Labour Codes

On November 21, 2025, the Government of India notified four Labour Codes—the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020—consolidating 29 existing labour laws. On a standalone basis, the company evaluated an incremental impact of increased employee benefits expenses of Rs. 2,186 lakhs and increased freight, handling and servicing costs of Rs. 2,250 lakhs, recognising a total amount of Rs. 4,436 lakhs as exceptional items for the year ended March 31, 2026. On a consolidated basis, the Group estimated the incremental impact on retiral benefits at Rs. 4,403 lakhs for the same period, also presented as exceptional items.

Dividend and Balance Sheet Highlights

The Board of Directors recommended a dividend of ₹25/- (Rupees Twenty-Five only) per equity share for the financial year ended March 31, 2026, subject to approval by members at the ensuing Annual General Meeting. On a standalone basis, the company's net worth as at March 31, 2026 stood at ₹1,83,113 lakhs compared to ₹1,62,330 lakhs in the prior year, while total standalone assets were ₹3,51,687 lakhs against ₹3,03,111 lakhs. Standalone cash and cash equivalents at the end of the year were ₹23,491 lakhs, compared to ₹16,390 lakhs at the beginning of the year. Standalone net cash generated from operating activities for the year was ₹34,681 lakhs, while consolidated net cash generated from operating activities was ₹81,025 lakhs compared to ₹73,512 lakhs in FY2024-25.

Management Commentary

Commenting on the results, Balfour Manuel, Managing Director, Blue Dart Express Limited, stated: "FY2025–26 was a year of focused execution and resilient performance for Blue Dart, as we continued to deliver steady revenue growth despite a backdrop of global uncertainty, heightened geopolitical tensions, and evolving market dynamics. In such an environment, our ability to stay agile and customer-centric has been critical. We continued to build on our core strengths of reliability, reach, speed, and service excellence, while adapting our offerings to meet the changing needs of customers across e-commerce, retail, SME, and enterprise segments. Our performance was driven by sustained customer confidence, disciplined network execution, and a sharp focus on operational efficiency."

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