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Mumbai | November 13, 2024: Blue Dart Express Limited, South Asia’s premier express air, integrated transportation, and distribution logistics company, declared its financial results today for the quarter ended September 30, 2024, at its Board Meeting held in Mumbai.

The company posted ₹ 60.76 crore profit after tax for the quarter ended September 30, 2024. Revenue from operations for the same period stood at ₹ 1,448.46 crore. Blue Dart’s exceptional service quality, strengthened by advanced automation and technology, remains a cornerstone of its operations, providing customers with a seamless, one-stop solution for all their logistics needs.

Reflecting on the company’s performance, Balfour Manuel, Managing Director, Blue Dart Express Ltd., stated, ‘During the quarter, we achieved strong year-on-year revenue growth, showcasing our robust performance across both established and sunrise sectors. Our increased earnings capacity enables us to strategically invest in expanding our network, including the deployment of new aircraft into our fleet to enhance our service offerings and meet our customers’ evolving needs. Following this, we are also investing in the development of strategic ground hubs and delivery centers for B2B and e-commerce distribution. These investments are designed to enhance scalability, flexibility, accuracy, and speed across our entire network, driving sustainable future growth. By staying agile and innovative, we are well-positioned to seize emerging opportunities and deliver even greater value to our customers.

The company’s positive outlook underlines its readiness to capitalize on future prospects while maintaining its reputation as the provider of choice. Blue Dart is accelerating sustainable growth through its various initiatives, focusing on structural tailwinds in fast-growing geographies and industry sectors, including the megatrend of e-commerce. As a trusted trade facilitator, Blue Dart continues to expand its share of wallet (SOW) in key markets, setting industry standards and driving value for its partners.

by Sandeep Ahuja CEO of Atmosphere Living on home sales registrations for October 2024.

“November  2024 has been one of the best in the last 5 years with 133569 registrations in Mumbai. A slew of new project launches, varied range of choices, higher disposable income, improved sentiment due to festive season are some of the factors impacting demand and higher sales.

The notable point is that luxury homes are the most sold with the rise in demand from HNI and NRIs as Indian real estate, especially Mumbai, has become a hotspot for investment. The interesting development we are noting is that most buyers are first-time and end-users, with some new investors.

The sale of luxurious properties in Mumbai have been fluctuating over time as noticed in reports by Maharashtra IGR & CRE Matrix. 377 units sold out in the year 2019 had seen an upward leap of 429 units in 2020. However, this touched its maximum value with 863 units sold in the year 2021 followed by a very minute down in the figure that hit 781 in 2022. On the contrary, sales touched a bounce to 951 units in 2023. By June 2024, 622 luxury units have already been sold. These numbers reflect the vibrancy of luxury real estate sales in Mumbai. We expect the potential homebuyers to cast a wider net across India and many more cities and invest in premium developments. The steady economic growth projection will ensure real estate remains the premium asset class for investors.”