Logistics firm Delhivery on Friday postedits first-ever consolidated net profit of Rs 11.7 crore for the quarter ended December, compared to a loss of Rs 195.7 crore in the year-ago period, driven by a high shipment volume during the festive months.
Revenue from services stood at Rs 2,194 crore in Q3, up 20% on year from Rs 1,822 crore in the year-ago period. The company said its express parcel shipments volume rose to 201 million in Q3 from 170 million a year ago, bringing sales of Rs 1,448 crore during the quarter, which was 21% more than last year.
As overall sales rose faster than the 7% rise in expenses, Delhivery reported an earnings before interest, tax, depreciation and amortisation of Rs 109 crore in Q3, compared to a loss before interest, tax, depreciation and amortisation of Rs 72 crore a year ago.
“We are satisfied that network quality remained robust even through the peak season. The highest ever quarterly Ebitda demonstrates the underlying strength and operating leverage in our business model,” said CEO & MD Sahil Barua.
Its freight, handling and service costs formed the largest chunk of expenses during the quarter, followed by employee-related costs. With Rs 1,571.8 crore, freight, handling and service costs formed nearly 70% of the total expense of Rs 2,289.9 crore.
Besides express parcels, its part truckload freight volumes grew 37% year-on-year, while truckload service reported a strong quarter, with revenue growing 51% on year to Rs 153 crore in Q3. The company’s shares closed 0.75% higher at Rs 472.9 per share on BSE on Friday, touching Rs 478.70 per share intraday — the highest since October 2022.