Supply Chain Services saw a dip in revenues sequentially on account of client business seasonality
FinTech BizNews Service
Mumbai, 15 November, 2024: Delhivery, the BSE & NSE listed, India's largest fully integrated logistics service provider, announced its financial results on November 14, 2024, for the quarter and half year ended September 30, 2024.
Reported Revenue from services of Rs. 2,190 Cr in Q2 FY25, a growth of 13% YoY v/s Rs. 1,942 Cr in Q2 FY24. EBITDA increased to Rs. 57 Cr in Q2 FY25, an increase of Rs. 73 Cr YoY v/s an EBITDA loss of Rs. 16 Cr in Q2 FY24. The company declared profitability for a second consecutive quarter with a Profit after tax of Rs. 10 Cr in Q2 FY25, an increase of Rs. 113 Cr YoY v/s a loss of Rs. 103 Cr in Q2 FY24.
Express Parcel revenue grew by 7% YoY to Rs. 1,298 Cr in Q2 FY25 from Rs 1,210 Cr in Q2 FY24 while Express Parcel shipments grew 3% YoY to 185 million in Q2 FY25 from 181 million in Q2 FY24.
Part Truckload revenue grew 27% YoY to Rs. 474 Cr in Q2 FY25 from Rs. 373 Cr in Q2 FY24 and 9% sequentially from Rs. 435 Cr in Q1 FY25. PTL volumes grew 23% YoY to 427K MT in Q2 FY25 from 348K MT in Q2 FY24 and 7% sequentially from 399K MT in Q1 FY25.
Supply Chain Services saw a dip in revenues sequentially on account of client business seasonality. Revenue in Q2 FY25 stood at Rs. 197 Cr, up 21% YoY from Rs. 164 Cr in Q2 FY24 but down 24% sequentially from Rs. 259 Cr in Q1 FY25. Pipeline continues to be strong in SCS, with multiple active dialogues across electricals, FMCG, e-commerce, auto and other industry verticals.
Truckload service revenue grew 5% YoY to Rs. 158 Cr in Q2 FY25 from Rs. 150 Cr in Q2 FY24 and 2% sequentially from Rs. 156 Cr in Q1 FY25. Cross Border services grew 43% YoY to Rs. 59 Cr in Q2 FY25 from Rs. 41 Cr in Q2 FY24 and 38% sequentially from Rs. 43 Cr in Q1 FY25.
