Delhivery Reports Rs 54 Crore Profit for Q1 FY25: Significant Turnaround from Previous Year

Logistics firm Delhivery posted a profit of Rs 54 crore for the June quarter of FY25, overcoming a loss of Rs 89 crore from the previous year. The company's revenue grew to Rs 2,172 crore, and EBITDA improved significantly. Growth in part truckload and supply chain services contributed to profitability.

Logistics firm Delhivery reported a profit after tax (PAT) of Rs 54 crore for the June quarter of FY25. This marks a significant turnaround from the same period last year, when the company posted a loss of Rs 89 crore.

The company's revenue for the quarter stood at Rs 2,172 crore, up from Rs 1,930 crore in the year-ago period. Meanwhile, EBITDA saw a remarkable improvement, rising to Rs 97 crore from Rs 13 crore in the previous year.

Delhivery attributed its improved profitability to robust growth in its part truckload (PTL) and supply chain services (SCS) businesses, as well as stable growth in express parcel services. The company also noted that there was a one-time reduction of Rs 19 crore in employee benefit expenses due to the reversal of costs against unvested ESOPs of employees who exited the company.

(With inputs from agencies.)