Delhivery posted a profit of INR 11.7 Cr in Q3 FY24 and a loss of INR 159 Cr in Q4 FY23
The company’s operating revenue fell on a QoQ basis to INR 2,076 Cr in Q4 FY24
EBITDA stood at INR 46 Cr in the March quarter compared to INR 109 Cr in the preceding quarter – Q3
After reporting its maiden profitable quarter in Q3 of the financial year 2023-24 (FY24), logistics unicorn delhivery
once again slipped into losses in Q4. The company reported a consolidated net loss of INR 69 Cr in the March quarter, hurt by a decline in its express parcel and cross-border services.
Delhivery had posted a consolidated profit after tax (PAT) of INR 11.7 Cr in the prior quarter – Q3 FY24. However, its net loss declined year-on-year (YoY) from INR 159 Cr posted in Q4 FY23.
The company’s operating revenue also fell on a quarter-on-quarter (QoQ) basis to INR 2,076 Cr in Q4 FY24 from INR 2,194.5 Cr in Q3.
On a YoY basis, Delhivery’s operating revenue jumped 12% from INR 1,860 Cr in Q4 FY23.
The company’s EBITDA also declined during the reported quarter to INR 46 Cr. In the preceding December quarter, it reported an EBITDA of INR 109 Cr.
