Blue Dart Express shares surge over 12%, emerges top gainer in NIFTY Smallcap 250 index, here is why

Shares of logistics solutions provider, Blue Dart Express, surged by as much as 12.81% to hit an intraday high of ₹6,248 on the National Stock Exchange a day after it announced its September quarter earnings. On the BSE, Blue Dart Express shares rose as much as 12.83% to it an intraday high of ₹6,249.

Blue Dart Express post market hours on Tuesday reported consolidated net profit of ₹81 crore in the second quarter of current financial year, marking an increase of 29% from ₹63 crore in the same period last year.

The company's revenue from operations advanced 7% to ₹1,549 crore in July-September period from ₹1,448 crore in the year-ago period.

Blue Dart reported strong operational performance in September quarter as its EBITDA (earnings before interest, taxes, depreciation and amortization) also known as operating profit advanced 16% to ₹252 crore from ₹218 crore and its EBITDA margin expanded by 120 basis points to 16.3% from 15.07%.

"Blue Dart recently announced two significant initiatives: the launch of a Digital Account Opening platform, enabling businesses of all sizes to on board and start shipping in under 10 minutes; and the unveiling of a flagship Green Integrated Ground Hub at Pataudi, Haryana, designed to boost the company's express network with sustainable, technology-enabled infrastructure. Together, these initiatives reflect Blue Dart's ongoing investments in digitalisation, green logistics, and customer-centric solutions thus cementing its role as the preferred logistics partner for India's growth journey," the company said in an exchange filing.

"Our quarterly performance reflects resilience in a dynamic and evolving environment, reinforcing the strength of our business model and our agility in responding to market shifts," said Balfour Manuel, managing director, Blue Dart.

"Looking ahead, we remain optimistic about the structural opportunities within India's logistics landscape driven by rising consumption, increased manufacturing localisation, and the growing adoption of organised supply chain solutions. Furthermore, the rollout of GST 2.0 is expected to boost public consumption, providing a positive impetus to the logistics sector and reinforcing Blue Dart's role as a key enabler of trade and connectivity," Manuel added.

Blue Dart Express shares were witnessing heavier than usual trading volumes as trading volume surged by 116 times 8.26 lakh shares compared with an average trading volume of 7,128 shares.

On the BSE, as many as 52,000 shares changed hands compared with an average of 599 shares traded daily in the past two weeks.

As of 10:23 am, Blue Dart shares traded 12.31% higher at ₹6,215, outperforming the NIFTY Smallcap 250 index which was down 0.07%.