On Tuesday, Blue Dart Express made a statement of the rise in price 1 January 2021 onwards. The Logistics major further included an average shipment price rising 9.6% in contrast to 2020. Concluding the declaration, the company’s stock on BSE rose at a time when the broader indexes were subdued.

The stock ended 3.6% higher at Rs2,689.95. Additional logistics stocks rose subsequently. Snowman Logistics wound up 0.75% higher at Rs 33.55 while Gati increased 5.66% at Rs 49.5. The benefitting side is that customers signing up from 1 October 2020 to 31 December 2020 will not be affected by the price rise.

Considering account inflation, taking into account inflation, currency dynamics, fuel cost inconsistencies and other increasing regulatory and mandatory costs, such as expenses regarding the compliance for the workforce with improvised security measures, the prices are accommodated by the company on an annual basis.

Following the devastations caused by the novel coronavirus pandemic since March that impacted the April-June quarter, Blue Dart Express reported a consolidated net loss of Rs 125.84 crore.

The company mentioned in a BSE filing that it had posted a consolidated net profit of Rs 5.99 crore in the corresponding quarter the previous year. Its overall income on a consolidated basis decreased to Rs 418.83 crore amid the quarter under review as against Rs 794.73 crore in the following period last year.