Delhivery posts Rs 72 crore Q4 profit despite moderate revenue growth

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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.



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Delhivery posts Rs 72 crore Q4 profit despite moderate revenue growth


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.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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