Shares of Blue Dart Express declined over 3% in early trading on Monday, November 9, despite the logistics company reporting year-on-year growth in revenue, EBITDA and net profit for the second quarter of FY27.
The company reported a 28.4% year-on-year (YoY) increase in consolidated net profit to Rs 104 crore, compared with Rs 81 crore in the corresponding quarter last year.
However, the stock witnessed selling pressure even as the company's operating performance improved.
Why are Blue Dart shares falling today?
Blue Dart shares declined over 3% despite positive quarterly earnings. While the company reported double-digit growth across key financial metrics, its EBITDA margin remained unchanged at 16.2%.
The flat operating margin indicates that revenue growth did not translate into margin expansion during the quarter.
Blue Dart Q2 results highlights
Revenue: Blue Dart reported consolidated revenue of Rs 1,774 crore, registering a 14.5% YoY increase compared with Rs 1,549 crore in Q2 FY26.
EBITDA: Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 14.2% YoY to Rs 287 crore, compared with Rs 252 crore in the corresponding quarter last year.
EBITDA margin...