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Delhivery turns profitable in Q1, revenue climbs 13%

Delhivery turns profitable in Q1, revenue climbs 13%

Delhivery Q1 earnings: Revenue from services climbed 13% to Rs 2,172 crore in Q1FY25, against Rs 1,930 crore revenue in Q1FY24.

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Aseem Thapliyal
Aseem Thapliyal
  • Updated Aug 2, 2024 5:19 PM IST
Delhivery turns profitable in Q1, revenue climbs 13% Delhivery Q1 earnings: EBITDA climbed to Rs 97 Cr in the last quarter against a loss of Rs 13 Cr in Q1 FY24.

Logistics services firm Delhivery reported a profit of Rs 54 crore in the June 2024 quarter against a loss of Rs 89 crore on a year-on-year (YoY) basis. The earnings were announced after market hours on Friday. Revenue from services climbed 13% to Rs 2,172 crore in Q1FY25, against Rs 1,930 crore revenue in Q1FY24.

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EBITDA climbed to Rs 97 Cr in the last quarter against a loss of Rs 13 Cr in Q1 FY24.

Express Parcel shipments rose 4% sequentially to 183 million in Q1 FY25 from 176 million in Q4 FY24. Revenue climbed 5% sequentially to Rs 1,276 crore in Q1FY25 from Rs 1,217 Cr in Q4 FY24 and 6% YoY from Rs 1,202 crore in Q1 FY24.

 The Delhivery stock ended 2.07% higher at Rs 416.10 on Friday against the previous close of Rs 407.65 on BSE. Market cap of the firm rose to Rs 30,758 crore.

Delhivery is engaged in providing a full range of logistics services, including delivery of express parcel and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Aug 2, 2024 5:19 PM IST
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