Delhivery's Q3FY25 net profit more than doubles to Rs 25 crore, margin growth slows

Delhivery Q3 FY25 net profit up 114% YoY to Rs 25 crore, revenue up 8%

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26 Aug, 2025 12:21

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Logistics unicorn Delhivery reported a 114 percent year-on-year (YoY) rise in its consolidated profit at Rs 25 crore for the third quarter of financial year 2024-25 (FY25), compared to Rs 11.7 crore a year ago, when it turned profitable for the very first time since listing in 2022.

The company's margin grew at 4.3 percent for the third quarter as against 5 percent a year ago. It had posted a profit of Rs 10.2 crore in the second quarter of 2025-26.

The Gurugram-based company's revenue from operations stood at Rs 2,378 crore in Q3FY25, up 8 percent YoY from Rs 2,194 crore in Q3FY24. Delhivery’s revenue in the previous quarter had come in at Rs 2,190 crore.

“Profitability continued in Q3 despite broader industry headwinds and December has been our highest volume month in PTL (Part Truckload) thus far post integration of Spoton, which has continued into January as well,” said Sahil Barua, Managing Director and Chief Executive Officer, Delhivery.

“On the back of growing revenues, rising profitability and a high-quality network, we continue to strengthen our competitive position in the industry,” Barua added.

Delhivery’s Part Truckload revenue grew 22 percent YoY to Rs 462 crore in Q3FY25 from Rs 379 crore in the year-ago period. Its volumes saw a robust volume growth of 17 percent YoY to 412,000 MT in during the quarter, from 354,000 MT in Q3FY24, the company said.

Its core Express Parcel business saw revenue grow by 3 percent YoY to Rs 1,488 crore in Q3 FY25 from Rs 1,448 crore in the same period last year. The shipments of this business grew 2 percent YoY to 206 million in Q3 FY25 from 201 million in Q3 last year, Delhivery said in a statement.

“Truckload service revenue grew 5 percent YoY to Rs 160 crore in Q3 FY25 from Rs 153 crore in Q3 FY24. Cross Border services revenue grew 12 percent YoY to Rs 43 crore in Q3 FY25 from Rs 39 crore in Q3 FY24,” the company added.

After a surprise profit for the first time in the December quarter (Q3FY24) last year, coinciding with a seasonal spike in e-commerce sales due to festive demand, Delhivery's bottomline had slipped back into the red in Q4FY24. The company went on to become profitable in the following quarter (Q1FY25), and has since then been in the black.

New appointments

The company also informed the exchanges that it has appointed Namita Thapar, Whole-time Director of Emcure Pharmaceuticals as a Non-Executive Independent Director to the company's board effect from February 17, 2025

Being one of the Sharks in the popular TV show “Shark Tank India”, Thapar has previously also worked 6 years at Guidant Corporation, USA, in their business finance team. She is an MBA graduate from the Fuqua School of Business at Duke University and a Chartered Accountant from ICAI.

"We’re excited to bring Namita onboard. Her extensive experience in leading a high-growth business and innovating in a sector like healthcare brings a valuable perspective to our industry," Barua said on her appointment.

Delhivery has also roped in former Airtel executive Vani Venkatesh as its Chief Business Officer (CBO), with effect from February 28, 2025. During her time at Airtel, she served in various management roles including CEO for Global Business, CEO for Delhi NCR region, Chief Marketing Officer, and CEO for their retail business.

This comes after Delhivery’s former CBO Sandeep Kumar Barasia had resigned in July last year after spending over nine years with the company.

"I am excited to join Delhivery and be part of an organisation that has redefined the logistics industry in India. I look forward to working with Delhivery’s talented management team and leading the mandate to grow the business," said Venkatesh, who has had stints at McKinsey, Unilever and Abbott Nutrition.

In her new role at Delhivery, she will lead the company’s key business units including the core transportation businesses (Express parcel and part-truckload) and the supply chain services division, in addition to the client servicing and marketing functions, the firm said in a statement.