Blue Dart Express Ltd., a supplier of logistics services, reported a decline in earnings for its second quarter in a row 

 on Friday due to ongoing pressure from rising expenditures.

The fourth-quarter net profit for the firm, which is owned by Deutsche Post, decreased by more than 49%

Over 4% more was made by Blue Dart in revenue during the quarter, while over 14% more was spent overall.

Blue Dart and other third-party shipping firms profited from a surge in demand brought on by the epidemic 

However, businesses are currently dealing with a double blow from increasing fuel prices 

 Blue Dart's sales growth dipped to single digits in the October-December quarter

causing it to post its first quarterly profit decline in ten quarters.