Delhivery Limited reported strong Q3 FY25 financial results, with a significant rise in net profit and a steady increase in revenue. The company’s board approved its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024.
Financial Performance Highlights
Delhivery’s consolidated revenue from operations for Q3 FY25 reached ₹2,378.3 crore, marking an 8.6% year-on-year (YoY) increase from ₹2,194.5 crore in Q3 FY24. The company’s net profit stood at ₹40.59 crore, compared to a loss of ₹170.74 crore in the same period last year.
On a standalone basis, Delhivery reported revenue of ₹2,204.2 crore, with a net profit of ₹38 crore.
For the nine-month period ended December 31, 2024, Delhivery posted ₹6,740.3 crore in revenue, up from ₹6,065.9 crore in the previous year, with a net profit of ₹129.07 crore compared to a loss of ₹171.74 crore last year.
Key Business Updates & Strategic Developments
- Exceptional Growth in Freight & Logistics: The company’s freight, handling, and servicing costs rose to ₹1,750.7 crore, reflecting increased demand and expansion in network operations.
- Investment in Technology & Infrastructure: Delhivery allocated ₹136 crore towards upgrading its proprietary logistics operating system as part of its IPO fund utilization plan.
- Acquisitions & Expansions: The company recently acquired a 10.94% stake in Vinculum Solutions Pvt. Ltd. to enhance its supply chain technology solutions.
- Stock Options & Employee Growth: During Q3, Delhivery granted 7,72,350 stock options under its employee stock option plan, reinforcing employee participation in business growth.
As of December 31, 2024, Delhivery has utilized ₹2,954.62 crore from its ₹3,886.3 crore IPO proceeds across business expansion, acquisitions, and technology investments, with ₹931.68 crore still unutilized.
Delhivery remains focused on scaling its logistics network, optimizing cost structures, and leveraging technology for sustained growth. The management expects strong performance in the coming quarters, driven by an expanding e-commerce sector and growing demand for logistics solutions.
