Delhivery Registers 13% Revenue Growth, Turns Profitable In Q1
The company declared a Profit after tax of Rs 54 crore in Q1 FY25, an increase of Rs 144 crore compared to last year
Delhivery, an Indian logistics and supply chain company, reported revenue from services of Rs 2,172 croreore in Q1 FY25, registering a growth of 13 per cent against Rs 1,930 crore in Q1 FY24.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased to Rs 97 crore in Q1 FY25, an increase of Rs. 110 crore against an EBITDA loss of Rs 13 crore in Q1 FY24.
Further company declared a Profit after tax of Rs 54 crore in Q1 FY25, an increase of Rs 144 crore compared to a loss of Rs 89 crore in Q1 FY24.
The company registered a growth of 4 per cent in Express Parcel shipments sequentially to 183 million in Q1 FY25 from 176 million in Q4 FY24 while revenue grew sequentially by 5 per cent to Rs 1,276 crore in Q1 FY25 from Rs 1,217 crore in Q4 FY24 and 6 per cent Y-o-Y from Rs 1,202 crore in Q1 FY24. Express Parcel service EBITDA profitability improved sequentially to 18.2 per cent in Q1 FY25.
Supply Chain Services also showed robust growth in Q1 FY25. Revenue from SCS stood at Rs 259 crore, growing 11 per cent sequentially from Rs. 234 crore in Q4 FY24 and 26 per cent YoY from Rs 206 crore in Q1 FY24 on the back of a strong season and new accounts.
Commenting on the results, Sahil Barua, MD and Chief Executive Officer said, “Robust growth in PTL and SCS businesses and stable growth in Express Parcel continues and have enabled improvement in profitability as well.”
