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Delhivery’s Q2 profit shrinks sequentially while revenue grows 12.7% YoY


Logistics startup Delhivery‘s revenue from customer contracts shot up 12.7% to Rs 2,189 crore in the July-September 2024 quarter, compared with Rs 1,942 crore earned in Q2 FY24. The Gurugram-based company’s total income stood at Rs 2,309 crore.

According to the regulatory filings, the company’s expenses increased marginally to Rs 2,294 crore in Q2 FY25 from Rs 2,148 crore a year ago.

The Gurugram-based company reported a profit after tax of Rs 10 crore compared with a loss of 103 crore in Q2 FY24. However, on a sequential basis, its profit narrowed from the April-June 2024 quarter when it earned Rs 54 crore.

The company had recently granted over 11 lakh equity shares to eligible employees under its three different employee stock option plans (ESOP), according to an exchange filing. The company’s board approved this issuance, allowing each option to convert into one fully paid-up equity share with a face value of Rs 1.

(More details to follow.)





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