Courier company Blue Dart is expected to report a 1 percent decline in first quarter profit at Rs 33.9 crore but revenue may increase 10 percent year-on-year to Rs 580 crore, according to a CNBC-TV18 poll.
Analysts said higher depreciation & interest expense may weigh the bottomline down while margin may see marginal improvement on the back of topline growth & operating leverage.
Operating profit (earnings before interest, tax, depreciation and amortisation) may grow 16.2 percent on yearly basis to Rs 66.2 crore and margin may expand 60 basis points to 11.4 percent during the quarter.
During the quarter, Blue Dart acquired additional stake in Blue Dart Aviation, taking the total stake to 70 percent from 49 percent earlier.
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