Blue Dart Aviation Ltd.

Executive Summary : Dec 2011 - Mar 2021 : Non-

Annualised : Rs. Crore

Dec-11 Mar-13 Mar-14

12 mths 15 mths 12 mths

IGAAP IGAAP IGAAP

Total income 534.08 727.39 634.26

Sales 529.95 719.02 631.73

Income from financial services 0.07 0.02 0.6

Change in stock

Total expenses 531.2 722.16 631.04

Raw materials, stores & spares 6.25 8.84 6.78

Power, fuel & water charges 230.3 320.03 259.49

Compensation to employees 82.99 114.84 93.66

Interest expenses 19.37 27.23 25.17

Depreciation 39.45 54.89 54.24

Profits

PBDITA 68.56 92.96 90.12

PBDITA net of P&E&OI&FI 64.48 84.78 87.64

Profit after tax (PAT) 2.88 5.23 3.22

PAT net of P&E 0.59 -0.6 2.9

Total liabilities 322.9 365.74 390.8

Shareholders' funds 32.95 38.18 41.4

Paid up equity capital 24 24 24

Reserves and funds 8.95 14.18 17.4

Non-current liabilities (incl long term provns) 232.84 239.84 259.32

Long term borrowings 201.88 194.99 219.3

Current liabilities incl short term provns 57.11 87.72 90.08

Net worth 32.95 38.18 41.4

Tangible net worth 31.46 35 32.38

Total assets 322.9 365.74 390.8

Non-current assets 297.74 343.27 310.9

Net fixed assets 286.52 315.75 292.91

 Long term investments

Current assets (incl short term invest & adv) 25.16 22.47 79.9

Profitability ratios (%)

Operating margin 12.17 11.79 13.87

Net profit margin 0.11 -0.08 0.46

Return on net worth 1.87 -1.69 7.29

Return on total assets 0.19 -0.17 0.77

Return on capital employed 0.25 -0.24 1.03

Liquidity ratios (times)

Current ratio 0.272 0.183 0.828

Debt to equity ratio 6.178 5.963 6.159

Interest cover 1.046 0.94 1.149

Average cost of Funds (%) 9.49 12.63 10.43

Efficiency ratios (times)

Total income / total assets 1.716 2.113 1.677

Sales /NFA excl reval 1.972 2.388 2.076

Total income / compensation to employees 6.407 6.282 6.768

 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20

12 mths 12 mths 12 mths 12 mths 12 mths 12 mths

IGAAP INDAS INDAS INDAS INDAS INDAS

659.2 596.3 618.84 671.33 758.11 810.81

656.64 586.36 614.8 668.36 754.74 809.62

0.04 0.57 2.36 0.86 1.75 0.77

654.81 590.99 615.73 668.77 755.96 814.41

10.55 11.65 10.61 11.75 11.54 12.79

226.18 169.12 175.89 197.32 242.37 214.23

107.71 127.85 124.97 131.01 144.21 156.33

23.22 19.07 17.86 22.36 32.3 87.97

68.13 61.88 59.74 69.4 79.85 194.48

134.4 91.24 84.64 101.41 121.75 314.17

131.84 85.3 82.98 101.32 119.79 313.21

4.39 5.31 3.11 2.56 2.15 -3.6

2.52 8.8 5.33 5.44 3.56 -3.65

301.13 325.74 399.4 500.87 644.84 1,309.22

44.32 43.8 46.87 49.62 52.01 46.4

24 24 24 24 24 24

20.32 19.8 22.87 25.62 28.01 22.4

189.3 185.87 251.21 321.97 397.49 987.18

153.48 114.37 173.71 248.43 350 926.73

67.51 96.07 101.32 129.28 195.34 275.64

44.32 43.8 46.87 49.62 52.01 46.4

32.82 31.01 35.04 40.53 42.38 36.59

301.13 325.74 399.4 500.87 644.84 1,309.22

260.5 289.34 361.68 463.78 561.25 1,207.45

227.19 210.32 236 298.55 406.92 1,103.27

40.63 36.4 37.72 37.09 83.59 101.77

20.08 14.55 13.5 15.16 15.87 38.69

0.38 1.48 0.86 0.81 0.47 -0.45

5.88 19.97 11.76 11.28 7.01 -7.42

0.73 2.81 1.47 1.21 0.62 -0.37

0.96 4.09 2.32 1.85 0.87 -0.45

0.507 0.297 0.253 0.19 0.265 0.303

4.187 3.575 4.511 5.642 8.381 23.66

1.132 1.585 1.379 1.359 1.196 1.09

10.54 11.15 9.71 9.1 9.02 11.47

1.905 1.902 1.707 1.491 1.323 0.83

2.525 2.68 2.755 2.501 2.14 1.072

6.103 4.66 4.951 5.124 5.257 5.185

 Mar-21

12 mths

INDAS

779.88

770.14

4.24

774.46

14.33

155.5

161.82

80.42

229.27

326.15

321.16

5.42

4.68

1,285.76

51.77

24

27.77

841.43

781.7

392.56

51.77

43.28

1,285.76

1,189.16

1,088.53
 96.6

41.7

0.6

9.53

0.36

0.41

0.188

21.072

1.04

7.35

0.601

0.703

4.786