Delhivery Q3 net profit doubles to Rs 25cr

Delhivery reported a doubling of net profit at Rs 25 crore in the third quarter of fiscal 2024-25 on eight percent increase in revenue at Rs 2,378 crore.

The company has handled 3.4 billion express parcel shipments and 6.1 million tonnes of partial truck load (PTL) tonnage since inception, says an official release.

Express parcel revenue was up three percent YoY to Rs 1,488 crore in Q3FY25, and part truckload revenue increased 22 percent to Rs 462 crore.

"Profitability continued in Q3 despite broader industry headwinds, and December has been our highest volume month in PTL thus far post integration of Spoton, which has continued into January as well. On the back of growing revenues, rising profitability and a high quality network, we continue to strengthen our competitive position in the industry," says Sahil Barua, Managing Director & Chief Executive Officer, Delhivery.

For the first nine months of the fiscal, revenue increased 11 percent to Rs 6,740 crore while net profit came in at Rs 89 crore as against a loss of Rs 180 crore in the same period last year.