Blue Dart Express, India's leading air express and logistics services provider, reported a net income of $7 million in its fiscal 2013-14 first quarter, which ended June 30, flat compared to the profit in the same period of fiscal 2012-13.
Total revenue during April to June was $77 million, up 5.5 percent from $73 million a year earlier.
Quarterly operating expenses increased 8 percent year-over-year to $69.6 million.
“Blue Dart will continue to focus on product innovation, reach expansion, transit time improvements, small town (Tier II and III) activation and strengthening channels,” the company said in an earnings statement, without providing any specific reasons for the flat growth in profit.
Blue Dart, part of the Deutsche Post DHL Group, operates a fleet of seven freighters, and serves nearly 34,000 locations in India.