2024-11-14 18:03:08 :
Delhivery reported net profit of $It posted a loss of Rs 102 million in the September quarter, compared with a loss in the same period last year. The logistics company posted a second consecutive quarter of profit on strong sales during the holiday season.
The company’s revenue increased by 12.8% year-on-year $21.9 billion rupees The logistics company said in a statement on Thursday that it expects to achieve this goal in the second quarter of fiscal 2025.
“Stable volume performance in Q2 FY25 and our planned seasonal capacity ramp-up towards the end of the quarter position us well for the festive season. We see Express delivery volume increased significantly in October, with the average daily volume being approximately 25% higher than the pre-holiday sales period. ”
Express parcel service revenue increased by 7% $Express parcel shipments in the second quarter were Rs 1,298 crore, while express parcel shipments in the second quarter of FY25 increased by 3% year-on-year to 185 million pieces. Part Truckload revenue also grew by 27% to Rs. 474 crore during the same period. Cross-border services also saw higher growth during the period compared to the same period last year.
Also read: Will Ecom Express’s IPO succeed when Delhivery’s shares fail to materialize?
At the same time, supply chain services revenue declined sequentially due to seasonality in customer business. Its revenue fell to $197 Crores $259 crore in the previous quarter. However, the company said the pipeline continues to be strong in supply chain services with multiple active conversations across electrical, FMCG, e-commerce, automotive and other industry verticals.
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