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Delhivery reports Rs 54-crore net profit in Q1, a significant improvement from Rs 89-crore net loss in the same period last year.
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Revenue grows 13% to Rs 2,172 crore, driven by robust growth in part truckload and supply chain services businesses.
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Express parcel shipments grow 4% sequentially to 183 million in Q1.
Delhivery, a leading logistics company, has reported a net profit of Rs 54 crore in the June quarter (Q1), a significant improvement from the net loss of Rs 89 crore in the same period last year. The company’s revenue grew 13% to Rs 2,172 crore, driven by robust growth in its part truckload and supply chain services businesses.
The company’s express parcel shipments grew 4% sequentially to 183 million in Q1, while revenue grew 5% sequentially to Rs 1,276 crore. Delhivery’s supply chain services also showed robust growth, with revenue growing 11% sequentially to Rs 259 crore. However, the company faces challenges ahead, including the loss of its largest customer, Meesho, which is moving its deliveries to an in-house system.
