Delhivery Posts ₹10.2 Crore Q2 Profit

19 Nov 2024 , 02:38 PM

Delhivery Ltd has reported net profit of ₹10.2 Crore for the Q2 FY25. This is a sharp turnaround from the net loss of ₹102.9 Crore in Q2 FY24.

Revenue from operations increased 12.8% year-on-year (YoY) to ₹2,189.7 Crore from ₹1,941.7 Crore the same period last year. EBITDA improved significantly to ₹57.3 Crore from a loss of ₹15.7 Crore in Q2 FY24 with EBITDA margin at 2.6%.

Express parcel revenue grew 7% YoY to Rs 1,298 Crore, while shipment volumes rose 3% YoY to 185 million. PTL revenue increased 27% YoY to Rs 474 Crore, while the volumes grew by 23% YoY at 427,000 tonnes. PTL revenue sequentially increased by 9%, and its volumes increased by 7%. SCS revenue grew 21% YoY to Rs 197 Crore. SCS revenue, however decreased by 24% QoQ due to seasonality.

Revenue from Truckload services was up 5% y-o-y at ₹158 Crores while cross-border services have been performing well with a growth of 43% y-o-y at ₹59 Crores. MD & CEO Sahil Barua said that Q2 volumes were stable, while daily average Express volumes rose by 25% during the festive season in October.