On a quarterly basis Revenue from services stood at Rs. 2,076 Cr in Q4 FY24, up 12% YoY from Rs. 1,860 Cr in Q4 FY23
FinTech BizNews Service
Mumbai, May 17, 2024: Delhivery Limited (NSE: DELHIVERY, BOM: 543529) reported Revenue from services of Rs. 8,142 Cr in FY24, a growth of 13% vs. Rs. 7,224 Cr in FY23. EBITDA increased by Rs. 578 Cr to Rs. 127 Cr in FY24 from an EBITDA loss of Rs. 452 Cr in FY23. Loss after tax narrowed sharply by Rs. 759 Cr to Rs. 249 Cr in FY24 from Rs. 1,008 Cr in FY23.
On a quarterly basis Revenue from services stood at Rs. 2,076 Cr in Q4 FY24, up 12% YoY from Rs. 1,860 Cr in Q4 FY23. EBITDA increased by Rs. 33 Cr YoY to Rs. 46 Cr in Q4 FY24 vs. Rs. 13 Cr in Q4 FY23. Loss after tax reduced to Rs. 69 Cr in Q4 FY24 from Rs. 159 Cr in Q4 FY23.
Express Parcel shipments grew 11% to 740Mn in FY24 from 663Mn in FY23. Revenue from Express Parcel services grew by 12% to Rs. 5,077 Cr in FY24 from Rs. 4,552 Cr in FY23. On a quarterly basis, Express Parcel shipment volume was 176 million and revenue was Rs. 1,217 Cr in Q4 FY24, a growth of 3% from Rs. 1,177 Cr in Q4 FY23.
Part Truckload freight volume grew 30% to 1,429K tons in FY24 from 1,101K tons in FY23. Correspondingly, revenue from PTL service grew 31% to Rs. 1,517 Cr in FY24 from Rs. 1,157 Cr in FY23. On a quarterly basis PTL freight volume grew 21% to 384K tons in Q4 FY24 from 318K tons in Q4 FY23. Revenue from PTL service grew 27% to Rs. 417 Cr in Q4 FY24 from Rs. 328 Cr in Q4 FY23.
Supply Chain Services and Truckload service showed robust growth in Q4 FY24, with revenue from these services growing 25% and 59% respectively in Q4 FY24 vs Q4 FY23. Supply Chain Services revenue was Rs. 234 Cr in Q4 FY24 vs Rs. 188 Cr in Q4 FY23. Truckload service revenue was Rs. 174 Cr in Q4 FY24 vs Rs. 109 Cr in Q4 FY23. On a full year basis, revenue from Supply Chain Services was Rs. 776 Cr, Truckload service was Rs. 609 Cr and Cross Border Services was Rs. 153 Cr.
“FY24 has been a crucial year for us where we delivered consistent service levels, significantly improved profitability, completed a large portion of our planned long-term capital investments and achieved material working capital improvement”, said Sahil Barua, MD & Chief Executive Officer.
