Blue Dart Q3 profit dips 16% on one-time charge, revenue up 7%, margins rise

Blue Dart Express reported a 15.7% decline in net profit for Q3FY26, at ₹68.3 crore compared with ₹81 crore in the same period last year. The company’s revenue rose 6.9% to ₹1,616 crore, driven by steady

growth in domestic demand and contributions from tier-II and III markets.

EBITDA increased 17% to ₹281 crore, with margins expanding to 17.4% from 15.9% a year ago, reflecting strong operational discipline and cost management across its logistics network.

The company reported an exceptional item of around ₹44.3 crore in its standalone results, reflecting the estimated financial impact of India’s new labour codes notified in November 2025, covering social security, wages, occupational safety, and industrial relations.

The impact includes increased employee benefit obligations and higher freight, handling, and servicing costs. Blue Dart said it continues to monitor developments and will factor in further clarifications as rules are notified.

Commenting on the results, Blue Dart Managing Director Balfour Manuel said, “Our Q3 performance reflects resilient domestic demand, with meaningful contributions from Tier 2 and Tier 3 markets and steady SME shipment activity. The logistics sector outlook for 2026 remains positive, supported by supply-chain formalisation, sustained consumption, and infrastructure development. With ongoing investments in network capabilities, digital solutions, and operational optimisation, we remain focused on meeting the evolving logistics needs of our customers.”

Shares of Blue Dart Express ended higher on Friday, January 30, by 1.90% at ₹5,515 on the NSE.

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