Delhivery has reported a profit after tax of Rs 54 crore for the quarter ended June 30 as against a loss of Rs 89 crore recorded in the corresponding period last year.
Its revenue from services for the April-June period increased to Rs 2,172 crore as compared to Rs 1930 crore in Q1 FY2024, registering a growth of 13 per cent.
Its express parcel shipments grew 4 per cent sequentially to 183 million in Q1 FY2025 from 176 million in Q4 FY2024 while revenue grew sequentially by 5 per cent to Rs 1,276 crore in Q1 FY2025 from Rs 1,217 crore in Q4 FY2024 and 6 per cent YoY from Rs 1,202 crore in Q1 FY2024.
“The company also continued to make strong inroads into the larger B2B transportation and supply chain services markets,” it said in a statement.
Delhivery’s part truckload revenues grew 25 per cent to Rs 435 crore in Q1 FY2025 from Rs 347 crore in Q1 FY2024. The PTL volumes grew 16 per cent YoY to 399K MT in Q1 FY2025 from 343K MT in Q1 FY2024, despite Q1 having been a seasonally weak quarter for the industry.
The supply chain services also showed robust growth in Q1 FY 2025 as revenue from stood at Rs 259 crore from Rs 206 crore in Q1 FY24 on the back of a strong season and new accounts.
“Robust growth in PTL and SCS businesses and stable growth in Express Parcel continues and have enabled improvement in profitability as well,” Sahil Barua, MD & Chief Executive Officer, said
He further said that the pipeline continues to be strong in SCS, with multiple active dialogues across electricals, FMCG, e-commerce, auto and other industry verticals.
During Q1 FY2025, Delhivery had a one time reduction of Rs 19 crore in employee benefit expense due to reversal of cost against unvested ESOPs of employees who exited the company
During the quarter, out of the total reduction in depreciation and amortisation expense, Rs 39 crore was due to the change adopted in depreciation and amortisation method w.e.f. from April 1, 2024, the company said.
