Delhivery shares in focus after Q3 PAT soars 114% YoY
Delhivery shares will remain in focus on Monday after the company reported a 114% year-on-year (YoY) jump in its December quarter net profit at Rs 25 crore versus Rs 12 crore reported in the year ago period making it the third consecutive profitable quarter for the company.
The revenue from operations in the reported quarter stood at Rs 2,378 crore, witnessing an 8% jump over Rs 2,194 crore reported in the corresponding quarter of the previous financial year.
On a sequential basis, the profit after tax (PAT) was 145% higher over Rs 10 crore posted by the logistics company in Q2FY25. Meanwhile, the revenue was up 9% on a quarter-on-quarter basis versus Rs 2,190 crore reported in the July-September quarter.
In a statement, Delhivery said that the company continued on a profitable growth path in a challenging environment.
Its Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) reduced marginally YoY to Rs 102 crore in Q3FY25 from Rs 109 crore in Q3FY24.
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