Mumbai, Nov 15 (IANS) Integrated supply chain services provider Delhivery saw its net profit nosedive more than 80 per cent (quarter-on-quarter) in the July-September period (Q2) of the current financial year.
The third-party logistics service company posted net profit of Rs 10.2 crore in Q2 FY25, against Rs 54.4 crore in the June quarter (Q1 FY25).
During this period, the company’s income remained almost flat.
Delhivery’s revenue in the second quarter of financial year 2024-25 was Rs 2,189.7 crore, compared to Rs 2,172.3 crore in the June quarter.
Compared to the June quarter of the current financial year, the company’s EBITDA fell by 41 per cent to Rs 57.3 crore in September quarter of this fiscal, which was earlier Rs 97.1 crore.
The company’s margin has declined by 190 basis points to 2.6 per cent in the July-September period, which was 4.5 per cent earlier.
The company’s express parcel segment revenue has increased by 7 per cent on YoY (year-on-year) basis to Rs 1,298 crore in the second quarter of the current financial year.
In the last quarter, the income of the part truckload segment grew 27 per cent year-on-year to Rs 474 crore. At the same time, the income of the supply-chain services segment in the September quarter was Rs 197 crore.
Income from the truckload services segment grew 5 per cent to Rs 158 crore in the September quarter compared to last year same quarter, while income from cross border services grew 43 per cent to Rs 59 crore.
On Thursday, Delhivery’s stock closed 0.51 per cent lower at Rs 328.60 on the National Stock Exchange (NSE).
The company said the pipeline in this sector remains strong, and several active negotiations are going on in electricals, fast moving consumer goods (FMCG), e-commerce, auto and other industry sectors.
–IANS
avs/na
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
