Q1FY24 Quarterly Result Announced for Delhivery Ltd.
Transportation-Logistics company Delhivery announced Q1FY24 results: Revenue from services of Rs 1,930 crore in Q1FY24, up 11% YoY from Rs 1,746 crore in Q1FY23 and up 4% sequentially from Rs 1,860 crore in Q4FY23. Adjusted EBITDA loss reduced by 89% YoY to Rs 25 crore in Q1FY24 compared to Rs 217 crore in Q1FY23. Loss after tax narrowed by 78% on a YoY basis to Rs 89 crore in Q1FY24 from Rs 399 crore in Q1FY23 and by 44% on a QoQ basis from Rs 159 crore in Q4FY23. “We have won important contracts in Q1, from marquee clients like Havells, TATA Motors, and MamaEarth which we expect to reflect in subsequent quarters," said Sahil Barua, MD & CEO. “In Q1FY24, we expanded capacity and network footprint in line with our growth expectations for H2 of FY24,” added Sahil Barua. Result PDF04-08-2023