BLUEDART

Feb 4 (Reuters) - Blue Dart Express Ltd BLDT.NS:

• GETS TAX ORDER OF 116 MILLION RUPEES, PENLATY 116 MILLION RUPEES

Source text: ID:nBSEKHbpF

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Jan 29 (Reuters) - Blue Dart Express Ltd BLDT.NS:

• Q3 CONSOL NET PROFIT 810.1 MILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 15.12 BILLION RUPEES

• RENEWAL OF ACMI AGREEMENT WITH BLUE DART AVIATION FOR 5 YEARS

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Jan 28 (Reuters) - Blue Dart Express Ltd BLDT.NS:

• GOT TAX DEMAND ORDER FOR 170.1 MILLION RUPEES, INTEREST OF 107.1 MILLION RUPEES

Source text: ID:nBSE9Kz5Zx

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Dec 4 (Reuters) - Blue Dart Express Ltd BLDT.NS:

• LAUNCHES AFFILIATE PROGRAM FOR TECHNOLOGY PARTNERS AND ECOSYSTEM ENABLERS

Source text: ID:nBSE2lDLpy

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Nov 11 (Reuters) - Blue Dart Express Ltd BLDT.NS:

• BLUE DART EXPRESS Q2 CONSOL NET PROFIT 628.4 MILLION RUPEES

• BLUE DART EXPRESS Q2 CONSOL REVENUE FROM OPERATIONS 14.48 BILLION RUPEES

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** Shares of logistics services provider Blue Dart BLDT.NS rise 3.8% to 8,522 rupees in early trading

** Co on Monday said it will increase prices for its services starting Jan. 1, 2025

** Avg price increase in range of 9%-12%, depending on product variabilities, it said

** Analysts, on avg, rate BLDT close to equivalent of 'hold' vs a 'sell' on Mahindra Logistics MALO.NS and 'buy' on Delhivery DELH.NS - LSEG data

** Median PT on BLDT is 7,900 rupees

** BLDT up 15% so far this year, vs 29% and 10% rise in MALO and DELH, respectively

(Reporting by Ashna Teresa Britto in Bengaluru)

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Sept 30 (Reuters) - Blue Dart Express Ltd BLDT.NS:

• TO IMPLEMENT GENERAL PRICE INCREASE WEF JAN 1, 2025

• AVERAGE PRICE INCREASE IN RANGE OF 9%-12%, DEPENDING ON PRODUCT VARIABILITIES

Source text for Eikon: ID:nBSE6WkmHw

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* Blue Dart Express BLDT.NS jumps as much as 15.3% to 9,488.70 rupees, highest since Oct. 4, 2022

* Logistics co sees busiest session ever, with more than 1.1 mln shares traded - 113x its 30-day avg

* Reuters could not immediately ascertain the reason behind day's move

* Avg rating of analysts is "hold" vs "buy" for Delhivery DELH.NS - LSEG

* BLDT's relative strength index rises to 76, suggesting that it is in overbought zone

* Stock up ~25% YTD vs DELH's ~9% rise

(Reporting by Vijay Malkar)

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BENGALURU, Aug 15 (Reuters) - Logistics firm Ecom Express on Thursday filed for an initial public offering (IPO) worth up to 26 billion rupees ($310 million), its draft papers showed.

The IPO will consist of a fresh issue of shares worth up to 12.85 billion rupees while existing investors will offload shares aggregating to 13.16 billion rupees.

The e-commerce logistics firm, which counts Amazon and beauty products retailer Nykaa among its clients, looks to go public at a time when India's IPO space has seen more than 150 companies raise around $5 billion this year as of July-end.

The company, which competes with the likes of Delhivery DELH.NS and Blue Dart BLDT.NS, said it intends to use funds from the fresh issue towards setting up of new processing and fulfilment centres, investment in IT equipment and payment of debt.

Among those selling their existing stakes, Partners Group's PGHN.S PG Esmeralda and Warburg Pincus's Eaglebay Investment would sell holdings worth 9.31 billion rupees and 2.11 billion rupees, respectively.

Ecom Express reported a net loss of 2.54 billion rupees for the year ended March 31, 2024, compared with a loss of 4.22 billion rupees, a year earlier.

($1 = 83.9390 Indian rupees)

(Reporting by Nishit Navin; Editing by Vijay Kishore)

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BENGALURU, Aug 13 (Reuters) - India's telecom watchdog on Tuesday directed service providers to stop all promotional calls from unregistered callers and blacklist them as it looks to tackle a surge in spam and phishing calls that has seen people lose millions of rupees.

The government has been looking to clamp down on the spike in such calls including those where scammers pose as representatives of firms like FedEx and Blue Dart and extract sensitive financial information by sending phishing links in the pretext of retrieving lost packages.

"All promotional voice calls from the unregistered senders/unregistered telemarketer using Telecom Resources shall be stopped immediately," the Telecom Regulatory Authority of India said in a statement shared by the government.

Such unregistered callers will be blacklisted for up to two years, the statement said, adding that telecom service providers would need to submit updates on action taken on scam callers on the 1st and 16th of every month.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Saumyadeb Chakrabarty)

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July 19 (Reuters) - Blue Dart Express Ltd BLDT.NS:

• Q1 CONSOL NET PROFIT 534.2 MILLION RUPEES

• Q1 CONSOL REVENUE FROM OPERATIONS 13.43 BILLION RUPEES

Source text for Eikon: ID:nBSE1KWFv4

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** Shares of Ascensive Educare ASCE.BO jumps 20% to hit upper circuit at 97.2 rupees

** Skill development firm signs deals with Blue Dart Express BLDT.NS and Delhivery DELH.NS for recruitment and payroll management, with expected turnover of ~220 million rupees ($2.64 million)

** Stock has risen 44% in last two sessions

** Stock sees second-busiest day in nearly two weeks, with over 54,000 shares traded

** Stock up 106.7% YTD, after gaining 91% in 2023

($1 = 83.4860 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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June 19 (Reuters) - Blue Dart Express Ltd BLDT.NS:

• COMMENCES DRONE DELIVERIES IN COLLABORATION WITH SKYE AIR

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Blue Dart Express Ltd BLDT.NS:

• BLUE DART EXPRESS LTD- APPOINTS DIPANJAN BANERJEE AS CHIEF COMMERCIAL OffiCER

Source text for Eikon: ID:nBSE5cQSKp

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** Shares of Blue Dart Express BLDT.NS up 1.7% at 6,348.1 rupees

** Co reported 12% YoY jump in Q4 profit on Thursday, aided by strong demand for its logistics services

** Stock was up as much as 3.1%, before trimming gains

** Rivals Mahindra Logistics MALO.NS down 0.6% and Delhivery DELH.NS up 2%; both yet to report results

** BLDT and MALO rated "hold" on avg, DELH rated "buy" - LSEG data

** YTD, BLDT down ~14%; MALO and DELH up ~20% and ~18% respectively

(Reporting by Varun Vyas in Bengaluru)

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May 2 (Reuters) - India's Blue Dart Express BLDT.NS reported a rise in fourth-quarter profit on Thursday, aided by strong demand for its logistics services.

WHY IT'S IMPORTANT

Blue Dart, barring a flat Q3, had posted a sequential drop in its profit for the past four quarters, on account of higher interest rates and increasing costs amid tough competition.

The company said its full-year shipment volumes grew 9.5%, signalling robust demand for its freight services. Last month, peer Mahindra Logistics MALO.NS had also indicated a recovery in volumes.

BY THE NUMBERS

Blue Dart's consolidated net profit rose 12% over the year earlier to 777.8 million Indian rupees ($9.3 million) in the January-March quarter.

It's revenue from operations rose 8.7% to 13.23 billion rupees.

The freight, handling and services costs also rose 7%, taking the company's total expenses up 9%.

KEY QUOTES

"With addition of network and capacities, growth in volumes is picking up additional momentum," Managing Director Balfour Manuel said.

Addition of air route networks by means of acquiring two 737 freighters and some strategic partnerships aided the company's operations in the financial year, he said.

($1 = 83.4516 Indian rupees)

(Reporting by Anisha Ajith in Bengaluru; Editing by Shilpi Majumdar)

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March 27 (Reuters) - Blue Dart Express Ltd BLDT.NS:

• BLUE DART EXPRESS - INTRODUCES 20-HOUR DELIVERY SERVICE TO GIFT CITY FROM MAJOR METROS

Source text for Eikon: ID:nBSE2pvPnl

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** Shares of courier services provider Blue Dart Express BLDT.NS down as much as 1.8% to 5,490 rupees, its lowest since early March 2022

** Reuters could not immediately ascertain a reason for the stock move

** Stock down 3.6% so far this week, after a 3.4% decline in the previous week

** More than 188,000 shares trade, its most-active session since mid-Sept 2022

** Avg rating of 8 analysts is 'hold', median price target is 7,460 rupees - LSEG data

** BLDT down 24.8% YTD vs Nifty 500 index's .NIFTY500 ~1% rise

(Reporting by Rama Venkat in Bengaluru)

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BENGALURU, Feb 27 (Reuters) - Indian logistics firm Shadowfax on Tuesday said it raised $100 million in a funding round led by U.S. private equity firm TPG TPG.O to extend last-mile delivery services.

The company declined to disclose the valuation at which it raised the funds. It was last valued at $632 million, as of April 2022, per data from investment tracker Tracxn.

Besides TPG, existing investors, including Walmart WMT.N-owned e-commerce platform Flipkart, fund house Mirae Asset, and International Finance Corp, also participated in the funding round, according to a statement.

Early investor Eight Roads Ventures sold some of its stake in Shadowfax, the statement said, without specifying details.

"This round encompasses a blend of primary, secondary and venture debt financing," Shadowfax said.

Logistics firms such as Shadowfax, Delhivery DELH.NS and DHL-owned Blue Dart Express BLDT.NS have hugely benefited as Indians increasingly shop online for everything from electronics to fashion.

Annual e-commerce shipment volumes in India are expected to grow at least five-fold to 20 billion by 2030 from 3.9 billion in 2022, according to a report by consultancy firm Redseer.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Sonia Cheema)

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Feb 2 (Reuters) - Indian logistics firm Delhivery DELH.NS posted its first-ever quarterly profit since listing on Friday, helped by healthy demand for online shopping during the festive season.

Consolidated profit for the three months ended Dec. 31 was 117.1 million rupees ($1.41 million) compared with a loss of 1.96 billion rupees a year earlier, the company said in an exchange filing.

"We are satisfied that network quality remained robust even through the peak season," said Sahil Barua, MD & CEO of the Gurugram-based company.

Analysts had said the company, which delivers orders for Amazon AMZN.O and Walmart WMT.N-owned Flipkart, would achieve profit after tax break-even by the second half of fiscal year 2025.

Revenue from the company's express parcel services, which contributes more than half to the total, climbed 21% year-on-year.

The company, which also operates the Part Truckload and Truckload businesses, saw its total income rise 21% to 23.25 billion rupees.

Total expenses were up 7.7%, with freight, handling and servicing costs jumping 11.5%.

Rival Blue Dart Express BLDT.NS reported a marginal rise in quarterly profit last week, driven by a recovery in demand during the festive season.

Delhivery also approved a scheme of amalgamation for the merger of its units Spoton Logistics and Spoton Supply Chain Solutions into and with the company.

Shares of Delhivery closed 0.9% up ahead of the results.

($1 = 82.8870 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru;Editing by Sohini Goswami)

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BENGALURU, Jan 29 (Reuters) - Indian freight operating company Mahindra Logistics MALO.NS reported a loss for a fourth straight quarter, hurt by mounting costs and a persistent decline in its express cargo business amid stiff competition.

The logistics arm of the tech-to-tractor conglomerate Mahindra Group posted a consolidated net loss after tax of 174.1 million rupees ($2.1 million) in the quarter ended Dec. 31, compared with a profit of 13.9 million rupees a year ago.

During the quarter, a 6% jump in total expenses to 14.13 billion rupees outweighed a 5% rise in revenue to 13.97 billion rupees.

"Q3 FY24 was a period of moderate demand. Continuing growth in engineering and FMCG segments were offset by slow growth in other markets," CEO and Managing Director Rampraveen Swaminathan said in a statement.

The company's profitability has been hit by intensive competition from international and domestic players in the previous quarters as well.

Persistent losses in the express cargo business Rivigo, which was acquired in 2022, also weighed on Mahindra Logistics' profit.

Festive season volume growth was offset by lower volumes due to increased shutdowns in e-commerce and some automotive original equipment manufacturers, CEO Swaminathan said.

Mahindra Logistics incurred a 99.4-million-rupees loss from its mainstay segment of supply chain management during the reported quarter.

The company competes with firms such as Delhivery DELH.NS, which has yet to report earnings for the December quarter, while peers like Blue Dart Express BLDT.NS have reported a marginal increase in quarterly profit after four quarters of losses.

Shares of Mahindra Logistics closed 1% higher ahead of results.

($1 = 83.1050 Indian rupees)

(Reporting by Manvi Pant and Hritam Mukherjee in Bengaluru; Editing by Eileen Soreng and Mrigank Dhaniwala)

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Jan 24 (Reuters) - Blue Dart Express Ltd BLDT.NS:

• BLUE DART EXPRESS DEC-QUARTER CONSOL NET PROFIT 888.9 MILLION RUPEES VERSUS 886.6 MILLION RUPEES

• BLUE DART EXPRESS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 13.83 BILLION RUPEES VERSUS 13.37 BILLION RUPEES

Source text for Eikon: [ID:]

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Dec 8 (Reuters) - Blue Dart Express Ltd BLDT.NS:

• APPROVED PURCHASE OF TWO LEASED AIRCRAFTS BY BLUE DART AVIATION

• DEAL FOR 400 MILLION RUPEES

• THE TWO AIRCRAFTS ARE CURRENTLY OPERATING ON LEASE BASIS BY UNIT BLUE DART AVIATION

Source text for Eikon: ID:nBSE3N7fRl

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** Festive season could boost earnings for most of the Indian logistics companies in Q3 after a mixed Q2, ICICI Securities said in a note

** Says weakness in export-import (EXIM) volume and EXIM imbalance remain key concerns, though the demand scenario is improving for companies

** We are now more positive on the industry as margins have seemingly troughed for most of the companies - ICICI Securities

** Believes worst is over for Container Corp CCRI.NS and Blue Dart Express BLDT.NS in terms of margins

** Says VRL Logistics VRLL.NS and TCI Express TCIE.NS have cheaper valuations and better prospects

** BLDT, CCRI down 1% and 0.7%, respectively; VRLL dips 0.4%, TCIE mostly flat

(Reporting by Sethuraman NR in Bengaluru)

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Nov 20 (Reuters) - Blue Dart Express Ltd BLDT.NS:

• PARTNERS WITH INDIA POST

Source text for Eikon: ID:nBSEnJfBy

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Oct 27 (Reuters) - Blue Dart Express Ltd BLDT.NS:

• INDIA'S BLUE DART EXPRESS SEPT-QUARTER CONSOL NET PROFIT 730.6 MILLION RUPEES VERSUS 936.4 MILLION RUPEES

• BLUE DART EXPRESS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 13.24 BILLION RUPEES VERSUS 13.25 BILLION RUPEES

Source text for Eikon: ID:nBSE7TwlWd

Further company coverage: BLDT.NS

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** Shares of courier services provider Blue Dart Express BLDT.NS rise as much as 4.4% to 6,981.95 rupees

** Stock on track to rise for third straight session, if trend holds

** Co will implement general price increase from Jan 1, 2024

** Adds, average shipment price will be 9.6% higher than 2023 depending on shipping profile

** Over 9,000 shares traded as of 9:48 a.m. IST, 0.4X the 30-day moving average

** Mean rating of seven analysts is "buy"; median PT is 7,503 rupees - LSEG data

** Stock last up 0.4%, trimming YTD loss to 12.9%

(Reporting by Varun Vyas in Bengaluru)

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BENGALURU, Aug 4 (Reuters) - Indian logistics firm Delhivery DELH.NS on Friday reported a narrower quarterly loss helped by a rebound in demand for online shopping and lower operational costs.

Consolidated net loss for the first quarter ended June 30 shrank to 894.8 million rupees ($10.82 million) from 3.99 billion rupees a year ago.

A slight cooling in inflation in the months of April and May and increased economic activity in the country has revived some discretionary spending like online shopping, while lower fuel costs helped bring down the company's total expenses by 3% to 21.30 billion rupees.

Delhivery counts companies like Amazon AMZN.O and Walmart-owned WMT.N Flipkart among its chief clients.

Total income, including its revenue from contracts with customers, rose 13.2% to 20.31 billion rupees.

Analysts at brokerage Emkay Research said last month growing demand for app-based shopping and government policies to reduce inefficiencies in logistics will allow India's e-commerce shipments market to at least double by the fiscal 2026, helping companies like Delhivery.

Revenue from Delhivery's mainstay express parcel services grew 14% year-on-year, the company said in a statement.

Last month, rival Blue Dart Express BLDT.NS reported a drop in quarterly profit while Mahindra Logistics MALO.NS also posted a quarterly loss hurt by higher costs.

Shares of Delhivery closed 5.7% up on Friday ahead of the results, after a nearly 15% rise during the June-quarter.

($1 = 82.8300 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru; Editing by Nivedita Bhattacharjee)

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** Shares of Blue Dart Express BLDT.NS fall as much as 4.1% to 6,930.9 rupees, lowest level since June 21

** Stock posts steepest intraday pct fall since March 20

** Co on Thursday reported a 48% fall YoY in Q1 profit; revenue fell 4.3% while expenses rose 2.1%

** Peer Mahindra Logistics MALO.NS reported Q1 loss earlier this week on higher expenses and lukewarm demand

** Over 14,000 shares change hands as of 10:49 a.m. IST, 0.6x the 30-day average

** Avg rating of seven analysts 'buy' with median PT of 7,732 rupees - Refinitiv data

** Stock down 6.2% YTD as of last close

($1 = 82.2525 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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July 27 (Reuters) - Blue Dart Express Ltd BLDT.NS:

• JUNE-QUARTER CONSOL NET PROFIT 612.8 MILLION RUPEES VERSUS 1.19 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 12.38 BILLION RUPEES VERSUS 12.93 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: BLDT.NS

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