CONNECT WITH US
Tech

Tech

Delhivery Posts ₹41 Cr Profit In Q2, Revenue Crosses ₹3,000 Cr Mark

Inc42 - All News logo

Published on

Add as a preferred source on Google
Delhivery Posts ₹41 Cr Profit In Q2, Revenue Crosses ₹3,000 Cr Mark

Logistics company Delhivery reported a consolidated net profit of ₹40.6 Cr in the September quarter of FY27 (Q2) from a loss of ₹50.5 Cr in the year-ago period, supported by revenue growth outpacing the increase in expenses. Sequentially, profit increased 27.4% from ₹31.9 Cr, while operating revenue grew 4.6% from ₹2,930.7 Cr.

Operating revenue rose 19.8% YoY and 4.6% QoQ to ₹3,066.4 Cr during the quarter under review.  Other income fell 27.8% YoY to ₹66.6 Cr from ₹92.2 Cr. Including this, Delhivery’s total income stood at ₹3,133 Cr as against ₹2,651.5 Cr a year earlier.

The company’s total expenses increased 14.2% YoY to ₹3,093 Cr from ₹2,708.1 Cr. Freight, handling, and servicing costs, its largest expense head, rose 19.1% to ₹2,195.1 Cr from ₹1,842.9 Cr.

The company reported a pre-tax profit of ₹39 Cr against a pre-tax loss of ₹53.2 Cr in Q2 FY26. A net tax credit of ₹1.6 Cr took its net profit to ₹40.6 Cr.

Alongside the results, Delhivery’s board approved an equity investment of up to ₹36 Cr in Delhivery Fintech Distribution, in one or more tranches, to support the subsidiary’s operational and business requirements. 



Source link
Related Topics:Tech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.