Courier providers supplier Blue Dart Categorical on Friday posted a drop in revenue for the fourth quarter in a row, damage by elevated bills and muted demand.
The corporate, managed by Deutsche Put up, stated consolidated internet revenue fell practically 22% to 730.6 million rupees ($8.78 million) within the second quarter.
Why it issues
Logistic firms have been buffeted by a decline in freight charges, elevated competitors and better costs of jet gasoline, which accounts for a big a part of their prices.Earlier this week,Mahindra Logistics posted its third straight quarterly loss.
Blue Dart added two Boeing 737 plane in fiscal 2023 to cater to tier-II and tier-III cities, a transfer, analysts stated, would enhance its margins.
The corporate, managed by Deutsche Put up, stated consolidated internet revenue fell practically 22% to 730.6 million rupees ($8.78 million) within the second quarter.
Why it issues
Logistic firms have been buffeted by a decline in freight charges, elevated competitors and better costs of jet gasoline, which accounts for a big a part of their prices.Earlier this week,Mahindra Logistics posted its third straight quarterly loss.
Blue Dart added two Boeing 737 plane in fiscal 2023 to cater to tier-II and tier-III cities, a transfer, analysts stated, would enhance its margins.
