Logistics startup Delhivery reported a second consecutive quarter of profit in Q2 at Rs 10 crore, compared to a loss of Rs 103 crore a year ago. Revenue grew 13% y-o y to Rs 2,190 crore, compared to Rs 1,942 crore.
The company’s Ebitda rose to Rs 57 crore in Q2, compared to an Ebitda loss of Rs 16 crore a year ago. Revenue from its largest segment, express parcel revenue, grew 7% to Rs 1,298 crore, while express parcel shipments grew 3% to 185 million in from 181 million last year.
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Revenue from the part truckload segment grew 27% to Rs 474 crore in Q2, while volumes in this segment grew 23% to 427,000 tonne from 348,000 tonne last year. Supply Chain Services saw a dip in revenues sequentially on account of client business seasonality. Revenue stood at Rs 197 crore, up 21% on year.
“The stable volume performance in Q2 along with the planned seasonal capacity additions we undertook towards the end of the quarter set us up well for the festive season,” said Sahil Barua, MD & CEO.
He added that daily average volume of express shipments in October was about 25% higher than pre-festive sale period.
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