Delhivery profit surges over 2X to Rs 25 Cr in Q3 FY25

Logistics company Delhivery announced its Q3 FY25 results on Friday, reporting an 8.4% year-on-year increase in revenue. The Gurugram-based firm also doubled its profits during the same period.

Delhivery’s revenue from operations grew to Rs 2,378 crore in Q3 FY25, according to its financial statements filed with the National Stock Exchange.

Delhivery's primary revenue sources were its logistics services, including warehousing, last-mile logistics, and designing and deploying logistics management systems. The firm also earned Rs 99 crore from non-operating activities, bringing its total revenue to Rs 2,477 crore in Q3 FY25.

For Delhivery, freight handling and servicing costs made up 71% of its total expenditure, rising by 11.3% to Rs 1,750.7 crore in Q3 FY25. Employee benefit expenses remained steady at Rs 356.2 crore. Legal, depreciation and other overhead costs contributed to a 7% increase in overall expenditure, which reached Rs 2,450 crore during the quarter.

Delhivery's continued growth and controlled expenditure resulted in a more than twofold increase in its profits, reaching Rs 25 crore in Q3 FY25, compared to Rs 11.7 crore in Q3 FY24.

Notably, Delhivery has generated Rs 6,740 crore in revenue during the first nine months of the current fiscal year, achieving a positive bottom line of Rs 89.5 crore.

The SoftBank-backed Delhivery has appointed Vani Venkatesh, former Global CEO of Airtel, as its Chief Business Officer (CBO) today, according to a filing with the National Stock Exchange (NSE) reviewed by Entrackr.

Delhivery has recently ventured into the quick commerce segment with a two-hour delivery service to cater to the rising consumer demand for faster order fulfillment. Initially launched in Bengaluru, the service will support brands across categories such as beauty and personal care, fashion, and electronics.

At the close of today’s trading session, Delhivery’s share price stood at Rs 322 per share, giving the company a market capitalization of Rs 23,943.27 crore (approximately $2.85 billion)