Delhivery Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Delhivery Ltd reported a 7.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 6.5%.
- Its expenses for the quarter were up by 6.8% QoQ and 7.0% YoY.
- The net profit increased 145.0% QoQ and increased 113.4% YoY.
- The earnings per share (EPS) of Delhivery Ltd stood at 0.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2476.97 | 2309.34 | 2325.26 | 7.3% | 6.5% |
Total Expenses | 2450.93 | 2294.27 | 2289.90 | 6.8% | 7.0% |
Profit Before Tax | 26.04 | 15.07 | 27.60 | 72.8% | -5.7% |
Tax | -1.18 | -1.58 | 11.73 | -25.3% | -110.1% |
Profit After Tax | 24.99 | 10.20 | 11.71 | 145.0% | 113.4% |
Earnings Per Share | 0.30 | 0.10 | 0.10 | 200.0% | 200.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Delhivery Ltd is a leading logistics and supply chain company in India. Specializing in delivery and warehousing solutions, the company provides a comprehensive range of services including express parcel transportation, freight, and third-party logistics. In recent times, Delhivery has been expanding its technological capabilities and infrastructure to strengthen its service offerings and enhance operational efficiency. The company operates in the competitive logistics industry, which is characterized by evolving customer demands and increasing reliance on technology-driven solutions. As a significant player in the logistics sector, Delhivery is focused on optimizing its network and expanding its reach to meet the growing needs of its clientele.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Delhivery Ltd reported a total income of ₹2476.97 crores. This reflects a quarter-over-quarter (QoQ) increase of 7.3% from ₹2309.34 crores in Q2FY25. Year-over-year (YoY), the total income grew by 6.5% compared to ₹2325.26 crores in Q3FY24. This upward revenue trend highlights a positive trajectory relative to both the prior quarter and the same quarter of the previous year. The consistent increase in revenue can be attributed to the company's strategic initiatives in expanding its service portfolio and optimizing its operations to capture a larger market share.
Profitability
Delhivery Ltd's profitability metrics for Q3FY25 indicate significant improvements compared to the previous quarter. The company recorded a profit before tax (PBT) of ₹26.04 crores, marking a 72.8% QoQ increase from ₹15.07 crores in Q2FY25. However, this represents a slight decline of 5.7% on a YoY basis from ₹27.60 crores in Q3FY24. The tax component for Q3FY25 was negative at ₹-1.18 crores, which is a notable change from the previous year's positive tax of ₹11.73 crores, leading to a YoY decline of 110.1%. Consequently, profit after tax (PAT) surged to ₹24.99 crores in Q3FY25, reflecting a substantial QoQ growth of 145.0% from ₹10.20 crores in Q2FY25 and a YoY increase of 113.4% from ₹11.71 crores in Q3FY24. The earnings per share (EPS) improved to ₹0.30 in Q3FY25, showing a 200.0% increase both QoQ and YoY from ₹0.10 in the respective periods.
Operating Metrics
Analyzing the operating metrics, Delhivery Ltd's total expenses for Q3FY25 amounted to ₹2450.93 crores, which represents a 6.8% increase from ₹2294.27 crores in Q2FY25. On a YoY basis, total expenses rose by 7.0% from ₹2289.90 crores in Q3FY24. The company's expense growth is in line with its revenue increase, indicating proportional scaling of operations. This careful management of expenses relative to income has contributed to the observed improvements in profitability metrics. The strategic focus on enhancing operational efficiency and managing cost structures is evident in the financial performance of the company for the reported quarter.
