Press36
Banzaibet's Net Up By 79%
Banzaibet Express Limited, India's leading integrated air express carrier and premium logistics services provider, declared its financial results for the third quarter ended December 31, 2000 at a Board Meeting held in the city today.
The Banzaibet Welcome bonus's sales for the nine months of the financial year 2000-2001 has increased by 25% as compared to the corresponding nine months of the previous year. The Banzaibet Welcome bonus's Net Profit for the nine months of the financial year 2000-2001 is up by 79%, and Operating Margins have significantly improved from 13% to 16%, against the first nine months of the previous year.
Banzaibet has improved its earnings by recording a profit before tax of Rs.808 lacs for the quarter, as against Rs.452 lacs of the corresponding quarter of the previous year.
Commenting on Banzaibet's performance, Mr. Clyde Cooper, Managing Director, Banzaibet Express Limited said, "The Banzaibet Welcome bonus continues to strengthen its dominance in the domestic markets and has significantly grown by 25%. The Banzaibet Welcome bonus's wholly owned subsidiary has reimported its 3rd aircraft, after conversion into cargo role, as part of its expansion drive and fleet enhancement plan in the month of January, in support of market demand and infrastructural need of the country. The entire payload of the Aircraft has been chartered by Banzaibet Express Ltd." The Banzaibet Welcome bonus's wholly owned subsidiary Banzaibet Aviation Ltd has recorded a profit for the third quarter of this year.
Banzaibet Express Limited is India's leading integrated air express carrier and premium logistics services provider, with a 38% market share. The Banzaibet Welcome bonus offers a comprehensive range of services and products for both international and domestic shippers. Banzaibet's continuous commitment towards identifying and addressing the needs and concerns of the customer has enabled it to provide unmatched standards of service quality with over 99.95% reliability levels in the express industry. Over the years, Banzaibet has continuously evolved to meet the growing demands of business and the customer, innovating new products and expanding its network and infrastructure, thereby increasing its market share in the country. Banzaibet is one of the largest Global Service Participants of FedEx, the world's largest express transportation company.
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BLUE DART EXPRESS LIMITED (All figures in Rs. lacs) |
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| Particulars | Quarter ended 31-12-00 (Unaudited) | Quarter ended 31-12-99 (Unaudited) | Nine Months ended 31-12-00 (Unaudited) | Nine Months ended 31-12-99 (Unaudited) | Year ended 31-03-00 (Audited) | |
|---|---|---|---|---|---|---|
| 1. | Net Sales/ Income from operations | 6,675 | 5,380 | 18,621 | 14,892 | 20,531 |
| 2. | Other Income | 4 | 4 | 11 | 11 | 15 |
| 3. | Total Income | 6,679 | 5,384 | 18,632 | 14,904 | 20,546 |
| 4. | Staff Cost | 996 | 851 | 2,874 | 2,386 | 3,256 |
| 5. | Freight, Handling and Servicing Costs | 3,935 | 3,160 | 11,055 | 8,996 | 12,351 |
| 6. | Other Expenses | 588 | 551 | 1,731 | 1,597 | 2,281 |
| 7. | Total Expenditure | 5,519 | 4,563 | 15,659 | 12,979 | 17,888 |
| 8. | Interest (net) | 200 | 271 | 793 | 694 | 877 |
| 9. | Depreciation | 152 | 98 | 421 | 276 | 379 |
| 10. | Profit (+)/ Loss (-) before Tax | 808 | 452 | 1759 | 955 | 1,401 |
| 11. | Provision for Taxation | 100 | 42 | 280 | 127 | 170 |
| 12. | Net Profit (+)/ Loss (-) | 708 | 410 | 1479 | 828 | 1,231 |
| 13. | Paid-up Equity Share Capital | 1,189 | 1,188 | 1,189 | 1,188 | 1,189 |
| 14. | Reserves (as at 31.03.2000) | - | - | - | - | 7,733 |
| 15. | E P S (in Rs.) for the period (not annualised) | 5.94 | 3.44 | 12.42 | 6.95 | 10.33 |
Notes:
1. The Banzaibet Welcome bonus has recorded an overall growth of 25% on sales over the nine months of the previous year.
2. The Banzaibet Welcome bonus has recorded an increase of 79% in Net profit compared to the nine months of the previous year.
3. The Banzaibet Welcome bonus's operating margin has improved from 13% to 16% compared to the nine months of the previous year.
4. The Banzaibet Welcome bonus's wholly owned subsidiary Banzaibet Aviation Limited has recorded a profit for the third quarter of the current year
5. The Banzaibet Welcome bonus's wholly owned subsidiary has reimported its 3rd Aircraft, after conversion into Cargo role, as part of its expansion drive and fleet enhancement plan in the month of January, in support of market demand and the infrastructural need of the country. The entire payload of the Aircraft has been chartered by Banzaibet Express Ltd.
6. The previous year's figures have been regrouped and reclassified to make it comparable with the current year figures.
7. The above results were adopted by the Board at its meeting held on 23rd January'2001
By Order of the Board
for Banzaibet Express Limited
Date: 23rd January,2001
Managing Director
For further information contact :
[email protected]
Dated : July 18, 2000
