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New-age logistics company Delhivery reported tepid growth in the March quarter while continuing its profit expansion.
Financials at a glance
- Operating revenue up 5% year-on-year (YoY) at Rs 2,191 crore
- Net profit at Rs 72 crore vs Rs 68 crore net loss in Q4FY24
- E-commerce parcel revenue increased 3% YoY to Rs 1,256 crore
- Sequentially, ecommerce volumes and revenues declined by 16% and 14%
Delhivery announced the acquisition of rival Ecom Express in April for Rs 1,407 crore. It said Friday that the company estimates Rs 300 crore of integration costs.
