Delhivery Reports Strong Q1 FY25 With 13% Revenue Growth
The company's Express Parcel shipments also showed positive growth, registering a 4 per cent sequential increase to 183 million in Q1 FY25 from 176 million in Q4 FY24
Delhivery, a leading Indian logistics and supply chain company, has announced impressive financial results for the first quarter of fiscal year 2025 (Q1 FY25). The company reported a significant 13 per cent year-on-year (YoY) increase in revenue from services, reaching Rs 2,172 crore compared to Rs 1,930 crore in Q1 FY24.
A notable highlight of the report is the substantial improvement in the company's Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA). Delhivery recorded an EBITDA of Rs 97 crore in Q1 FY25, marking an increase of Rs 110 crore from an EBITDA loss of Rs 13 crore in the same quarter last year.
Moreover, Delhivery declared a Profit After Tax (PAT) of Rs 54 crore for Q1 FY25, showcasing a remarkable turnaround with an increase of Rs 144 crore compared to a loss of Rs 89 crore in Q1 FY24.
The company's Express Parcel shipments also showed positive growth, registering a 4 per cent sequential increase to 183 million in Q1 FY25 from 176 million in Q4 FY24. Correspondingly, revenue from Express Parcel services grew sequentially by 5 per cent to Rs 1,276 crore in Q1 FY25 from Rs 1,217 crore in Q4 FY24, and by 6 per cent YoY from Rs 1,202 crore in Q1 FY24. The Express Parcel service's EBITDA profitability improved sequentially to 18 per cent in Q1 FY25.
Supply Chain Services (SCS) exhibited robust growth as well, with revenue rising to Rs 259 crore, an 11 per cent sequential increase from Rs 234 crore in Q4 FY24, and a 26 per cent YoY increase from Rs 206 crore in Q1 FY24. This growth was driven by a strong season and the addition of new accounts.
Sahil Barua, Managing Director and Chief Executive Officer of Delhivery, commented on the company's performance, stating, "Robust growth in PTL and SCS businesses and stable growth in Express Parcel continues and have enabled improvement in profitability as well."
Delhivery's strong financial results for Q1 FY25 underscore the company's continued growth trajectory and its ability to enhance profitability through strategic initiatives across its diverse business segments.
