Blue Dart Q3 Profit Dips on One-Time Charge, Revenue Up 7%, Margins Rise

• Blue Dart Express reported a 15.7% decline in Q3FY26 net profit to ₹68.3 crore, down from ₹81 crore last year.
• Revenue increased by 6.9% to ₹1,616 crore, driven by strong domestic demand and growth in tier-II and tier-III markets.
• EBITDA rose 17% to ₹281 crore, with margins expanding to 17.4% from 15.9%, reflecting operational efficiency.
• The profit dip is attributed to an exceptional charge of ₹44.3 crore for new Indian labour codes, impacting employee benefits and operational costs.
• Managing Director Balfour Manuel highlighted resilient domestic demand and a positive logistics sector outlook for 2026.

Why It Matters: Blue Dart's Q3 profit fell due to a one-time charge for new labour codes, despite strong revenue and margin growth.