Delhivery Q2 Results: Co posts Rs 10 cr profit vs YoY loss, revenue up 13%
Delhivery posted a consolidated net profit of Rs 10 crore for the quarter ended September 30, 2024 against a loss of Rs 103 crore in the year ago period. However, the profit was down by 81% from Rs 54 crore reported in the June 2024-ended quarter.
The consolidated revenue from operations stood at Rs 2,190 crore which was up by 13% over Rs 1,942 crore posted by the logistics and supply chain company in the corresponding quarter of the previous financial year. On the sequential basis, the revenue was up by 0.80% versus Rs 2,172 crore reported in Q1FY25.
Delhivery's Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) increased to Rs 57 crore in Q2FY25, which is an increase of Rs 73 crore YoY versus an EBITDA loss of Rs 16 crore in Q2 FY24.
Express Parcel revenue grew by 7% YoY to Rs 1,298 crore in Q2FY25 from Rs 1,210 crore in Q2FY24 while Express Parcel shipments grew 3% YoY to 185 million in Q2FY25 from 181 million in Q2 FY24.
Part Truckload revenue grew 27% YoY to Rs 474 crore in Q2FY25 from Rs 373 crore in Q2FY24 and 9% sequentially from Rs 435 crore in Q1FY25. PTL volumes grew 23% YoY to 427,000 MT in Q2FY25 from 348,000 MT in Q2FY24 and 7% sequentially from 399,000 MT in Q1 FY25.
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