Blue Dart hopes to see a faster economic comeback of demand in sectors like e- commerce , pharma, automotive and consumer electronics.
They divulged a net loss of Rs 127.94 crore in the April-June quarter against a profit of Rs 4.59 crore in the same period last year.
“Like most companies or rather every company, there has been stress in revenue and profit as reflected in Q1 results. But we are very optimistic about the future. And we are seeing a lot of green shoots in the economy. If you see the GST collections, they are improving. The e-way bill numbers are improving. The PMI Index is coming back slowly,” said Ketan Kulkarni, Head of Business Development and CMO at Blue Dart.
Janet Elizabeth John@samacharline