Expect FY17 margins and growth at around 11-12%: Blue Dart

Logistics company Blue Dart has reported net profit at Rs 50.05 crore on a standalone basis for the quarter ended December (Q3), which has almost doubled. Speaking to CNBC-TV18, Yogesh Dhingra, CFO of the company, says Blue Dart's performance in Q3 was impacted due to Chennai floods. He is of the view that the numbers look better due to lower base effect. Further, he expects FY17 revenue growth to be around 11-12 percent and EBITDA margins to sustain at the same level. Below is the verbatim transcript of Yogesh Dhingra's interview with Ekta Batra & Anuj Singhal on CNBC-TV18.Ekta: Take us through what lead to 11 percent growth in terms of total income this quarter; was there any impact of the Chennai floods on your numbers as well as your volumes generated overall?A: Yes, Chennai flood did have an impact on our topline otherwise our numbers would have even looked better. However, having said that overall the quarter was good, festivals lead to good volumes and we had a good product mix apart from good product mix and loads, scale also plays the role. We could get some efficiency advantage out of that and if one has to do a comparison to the prior year Q3. Certainly that quarter we had lot of abnormalities, so that\\'s why our numbers in terms of EBIT growth is showing a massive jump, but even if one need to discount that, this quarter was good in terms of EBIT growth as well.Anuj: What is the outlook for the next few quarters in terms of volume growth and in terms of revenue growth as well?A: One has to look at our historical trends. If you go back, preceding three-four quarters, you will see that our revenue growth has been double digit. Like this quarter, it is close to 11 and if you go to Q2, it was about 12. So I guess similar trend should continue because we still believe that Indian economy has more to offer but that will take time but one can assume that double digit kind of growth should continue.Ekta: Volume growth this quarter, guidance on the same and are these margins sustainable?A: As I mentioned in terms of margins because we are comparing to the previous year and this quarter certainly you have the festival advantage but if you compare our margins for the preceding two or three quarters, you will see the range is more or less similar. So one can say anywhere between 11-12 percent range, we should get our margin.