Logistics services provider Blue Dart Express today reported a 46.31 per cent decline in its standalone net profit at Rs 28.17 crore for the quarter ended December 31, 2016.
Its standalone net profit in the year-ago period was Rs 52.47 crore, Blue Dart Express said in a statement.
Total income from operations during the quarter under review stood at Rs 720 crore, as against Rs 653.08 crore in the corresponding period last year.
"The last quarter of 2016 has been extremely tough for the economy, the industry and Blue Dart. The challenges were intractable and we expect them to continue for some time into the year," Blue Dart Managing Director Anil Khanna said.
"Going ahead, we have to further steer successfully against the strong headwinds our economy and business face. We remain committed and will have a continued strategic thrust towards maintaining market leadership in all segments," he added.
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