Delhivery posts Rs 2,188 Cr revenue and Rs 10 Cr PAT in Q2 FY25

Delhivery’s revenue from operations increased by 12.8% to Rs 2,189 crore in Q2 FY25 from Rs 1941.71 crore in Q2 FY24, its financial statements accessed from the National Stock Exchange (NSE) show.

Delhivery’s revenue primarily came from its operations within India, which increased 12.8% and contributed Rs 2,188.7 crore in Q2 FY25. The collection from overseas operations, though comparatively small, jumped 3.2X to Rs 8.4 crore in the same period. This income was steered by its cross-border unit Team Global Logistics.

The Gurugram-based company earned an additional Rs 119 crore from non operating activities which pushed its total revenue to Rs 2,309 crore.

At Rs 1638.1 crore, freight handling and servicing costs accounted for 71.4% of its total burn in the last quarter. Employee benefits expenses saw a slight decrease of 4.7% to Rs 349.2 crore during Q2 FY24. Notably, depreciation expenses reduced by 23.4% to Rs 131.2 crore. In the end, Delhivery’s total expense rose by 6.8% to Rs 2294.2 crore in this period.

During the last quarter, Delhivery reported a profit after tax (PAT) of Rs 10.2 crore, a turnaround from a loss of Rs 102.9 crore in Q2 FY24.

Delhivery’s share price decreased by 0.5% today and was recorded at Rs 328.6 with a total marketing capitalization of Rs 24,382 crore.

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