Delhivery reported a turnaround in its financial performance for the first quarter of FY25, showing a ₹54 crore net profit compared to a loss in the previous year.
Key Financial Highlights:
| Metric | Current Quarter | Previous Year | Change |
|---|---|---|---|
| Net Profit | ₹54 crore | -₹89 crore | N/A |
| Revenue | ₹2,172 crore | ₹1,930 crore | +13% YoY |
| Express Parcel Revenue | ₹1,276 crore | ₹1,217 crore | +5% QoQ |
| PTL Revenue | ₹435 crore | ₹347 crore | +25% YoY |
| SCS Revenue | ₹259 crore | ₹206 crore | +26% YoY |
| Express Parcel Shipments | 183 million | 176 million | +4% QoQ |
| Express Parcel EBITDA Margin | 18.2% | N/A | Improved |
| PTL EBITDA Margin | 3.2% | 2.2% | Improved |
Performance Insights:
- Profitability: Delhivery achieved a ₹54 crore profit for Q1, rebounding from a ₹89 crore loss in the same period last year.
- Revenue Growth: Revenue increased by 13% year-on-year to ₹2,172 crore.
- Segment Performance:
- Express Parcel Services: Revenue grew 5% sequentially and 6% year-on-year. Shipments increased by 4% sequentially to 183 million.
- Part Truckload (PTL): Revenue rose 25% year-on-year and 16% in volume. EBITDA margin improved to 3.2%.
- Supply Chain Services (SCS): Revenue grew 11% sequentially and 26% year-on-year.
Management Commentary:
Sahil Barua, MD & CEO, highlighted strong growth in PTL and SCS segments as key drivers of profitability. Despite challenges in the e-commerce sector, Delhivery’s strategic focus on these areas has led to improved financial outcomes.
Delhivery faces potential impacts from Meesho’s increased use of its own logistics system, which may affect shipment volumes.
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Delhivery