Delhivery, a big logistics company, is doing really well! In the last three months of the year, they made a profit of Rs 25 crore, which is 114% more than the same time last year when they made just Rs 12 crore. This is great news because it’s their third straight quarter of profits!
Their total income was Rs 2,378 crore, which is an 8% increase from Rs 2,194 crore last year. When compared to the previous three months, their profit jumped by 145% from Rs 10 crore.
Delhivery mentioned that they are continuing to grow profitably, even in tough market conditions. Their Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), which tells us how much money they made before certain expenses, dropped slightly to Rs 102 crore from Rs 109 crore last year.
Breaking down their income:
– Express Parcel Revenue: Rose by 3% to Rs 1,488 crore.
– Part Truckload Revenue: Grew by 22% to Rs 462 crore and they moved 412,000 metric tons, which is 17% more than last year.
– Supply Chain Services Revenue: Increased by 29% to Rs 222 crore thanks to new clients and growing business with existing ones.
– Truckload Service Revenue: Grew by 5% to Rs 160 crore.
– Cross Border Services Revenue: Went up by 12% to Rs 43 crore.
Sahil Barua, the CEO of Delhivery, said they are still making money, even though the overall market is tough. December was a record month for them in Part Truckload services, and they expect this success to continue into January. With increasing revenue, profits, and a strong network, Delhivery is becoming even more competitive in the industry.
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