Delhivery posts second quarter of profit; revenue increases 13%

Sahil Barua, MD and CEO, Delhivery

Delhivery posted a profit of Rs 1o.2 crore in Q2FY25 and recorded its second consecutive quarter of profit in the current financial year ahead of a busy festive season which fuels e-commerce shopping, a primary source of income for the logistics company. In the same period last year, the company had incurred a loss of Rs 1o3 crore.

At the same time, Delhivery’s revenues increased 13 percent from Rs 1,941.7 crore in Q2FY24 to Rs 2,189.7 crore in Q2FY25, regulatory filings showed.

In the previous quarter (Q1FY25), the company had posted a revenue of Rs 2,172 crore and returned to black with Rs 54-crore net profit.

“The stable volume performance during Q2FY25 along with the planned seasonal capacity additions we undertook towards the end of the quarter set us up well for the festive season,” said Sahil Barua, MD & CEO, Delhivery.

Pipeline continues to be strong in Supply Chain Services (SCS), with multiple active dialogues across electricals, FMCG, e-commerce, auto and other industry verticals.

"We saw a significant increase in the Express volumes in October with daily average volumes being ~25% higher than the pre-festive sale period," Barua added while adding that the pipeline remains strong in the current quarter during which the festive season sales were on.

The festive season is a key period for companies like Delhivery because customers shop more on e-commerce websites and demand for logistics also goes up.