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Delhivery Q2 Results: Net loss narrows 59% to ₹103 crore, revenue up 8% YoY

Livemint

Livemint · 2y ago

Delhivery Q2 Results: Net loss narrows 59% to ₹103 crore, revenue up 8% YoY

The Q2 results of Delhivery, a prominent logistics company in India reported a net loss that narrowed by 59% to Rs 103 crore, while its revenue increased by 8% YoY. The company attributed the improvement to the recovery in e-commerce demand and strong growth in its non-express businesses. Delhivery aims to strengthen its technology and network infrastructure to enable more efficient and resilient operations.

Related News

Paytm likely to see 32% YoY revenue growth, losses to narrow in Q3

Livemint

Livemint · 1y ago

Paytm likely to see 32% YoY revenue growth, losses to narrow in Q3

Paytm is expected to report strong revenue growth and a decrease in net loss during the third quarter of FY24. Analysts estimate a 32% YoY increase in revenue to ₹2,721 crore, with an 8% sequential growth. The net loss is anticipated to decrease by 29% YoY to ₹280 crore. The operational performance improvement is likely to contribute to the company's increased operating profitability. Paytm's earnings for Q3FY24 are set to be announced on January 19.

Delhivery slips into losses in Q2 FY26; revenue grows 17%

Entrackr

Entrackr · 24d ago

Delhivery slips into losses in Q2 FY26; revenue grows 17%

Fintrackr All Stories Delhivery slips into losses in Q2 FY26; revenue grows 17% Logistics company Delhivery announced its Q2 FY26 results on Wednesday, reporting a 17% year-on-year increase in revenue. The Gurugram-based firm slipped into losses during the same period. Delhivery’s revenue from operations grew to Rs 2,559 crore in Q2 FY26 from Rs 2,190 crore in Q2 FY25, according to its financial statements filed with the National Stock Exchange (NSE). Delhivery's primary revenue sources were its logistics services, including warehousing, last-mile logistics, and designing and deploying logistics management systems. The firm also earned Rs 92 crore from non-operating activities, bringing its total revenue to Rs 2,651 crore in Q2 FY26. For Delhivery, freight handling and servicing costs made up 68% of its total expenditure, rising by 12.5% to Rs 1,843 crore in Q2 FY26. Employee benefit expenses decreased by 22% to Rs 425 crore. Legal, depreciation, and other overhead costs contributed to an 18% increase in overall expenditure, which reached Rs 2,708 crore in Q2 FY26 from Rs 2,294 crore in Q2 FY25. Delhivery's expenditure outpacing revenue resulted in a loss of Rs 50 crore in Q2 FY26, compared to a profit of Rs 10 crore in Q2 FY25. For the half-year, its profit decreased by 37% to Rs 40.5 crore in H1 FY26 as compared to Rs 64.5 crore in H1 FY25. At the end of the last trading session, Delhivery’s share price stood at Rs 486, giving the company a market capitalization of Rs 36,335 crore (approximately $4 billion).

Blinkit’s losses expand as quick commerce firm faces intense competition from the likes of Zepto

Economic Times

Economic Times · 10m ago

Blinkit’s losses expand as quick commerce firm faces intense competition from the likes of Zepto

Blinkit, owned by Zomato, recorded a significant EBITDA loss of Rs 103 crore for October-December, up from Rs 8 crore in Q2, impacting Zomato's profitability. This increase is due to Blinkit's rapid expansion, achieving 1,007 dark stores by December 2022, ahead of schedule. The firm aims for 2,000 stores by December 2025, accelerating its target. Heightened competition from rivals like Zepto and Swiggy Instamart is temporarily affecting margin expansion, though customer loyalty remains strong.

CarDekho Group reports 11% fall in FY24 net revenue; net loss narrows

Economic Times

Economic Times · 1y ago

CarDekho Group reports 11% fall in FY24 net revenue; net loss narrows

Jaipur-based CarDekho Group reported an 11% YoY decline in net revenue at Rs 2,074 crore in fiscal 2024. However, after excluding income from discontinued used-car sales, the company reported a 54% growth in revenue from operations, reaching Rs 1,347 crore. CarDekho's net loss narrowed to Rs 340 crore in FY24. The company attributed its revenue growth to its insurance marketplace InsuranceDekho and fintech platform Rupyy. CarDekho also raised $80 million in growth capital and acquired shared mobility platform Revv. Competitors like Cars24 and Spinny also reported growth in operating revenue.

Delhivery Turns Profitable, Posts INR 11.7 Cr PAT In Q3 FY24

Inc42 · 1y ago

Delhivery Turns Profitable, Posts INR 11.7 Cr PAT In Q3 FY24

Delhivery, the logistics unicorn, has reported a consolidated profit after tax of INR 11.7 Cr in the quarter ending December 2023. This marks a significant turnaround as the company had a net loss of INR 195.6 Cr in the same quarter last year. Operating revenue for the quarter grew to INR 2,194.5 Cr from INR 1,823.8 Cr in the previous year's quarter. Delhivery also recorded an 18% YoY growth in express parcel shipments during the period.

Delhivery Expands ESOP Pool, Allots Over 11 Lakh Stock Options

Inc42 · 1y ago

Delhivery Expands ESOP Pool, Allots Over 11 Lakh Stock Options

Delhivery, a logistics unicorn, has allocated a total of over 10 lakh equity shares under its Employee Stock Ownership Plan (ESOP). The newly allotted ESOPs are valued at approximately INR 43 crore. In its financial results, Delhivery reported a consolidated net loss of INR 69 crore for the fourth quarter of the 2023-24 financial year, compared to a net profit of INR 11.7 crore in the previous quarter.

Festival season boosts Delhivery to second consecutive profitable quarter

Livemint

Livemint · 1y ago

Festival season boosts Delhivery to second consecutive profitable quarter

Indian logistics firm, Delhivery, reported a net profit of INR 10.2 crore ($1.37 million) in the September quarter, compared to a loss of INR 103 crore in the same period last year. Delhivery attributed the profit to robust volume during the festival season. Revenues for the quarter grew 12.8% to INR 2,190 crore. The company also saw growth in its express parcel, part truckload, and cross-border services. Delhivery expects the positive trend to continue for the rest of the year, despite losing market share to Meesho's in-house logistics partner, Valmo. The company plans to introduce faster options for shipping and launch a third-party shared quick commerce network.

Paytm Q3: Loss narrows 43% YoY to INR 222 Cr, Sales jump 38%

Inc42 · 1y ago

Paytm Q3: Loss narrows 43% YoY to INR 222 Cr, Sales jump 38%

Fintech giant Paytm reported a 43% decrease in net loss to INR 222 Cr in Q3 FY24 compared to INR 392 Cr in the same period last year, driven by a significant increase in revenue from merchant payment services. Operating revenue surged 38% to INR 2,850 Cr in the reported quarter. Paytm attributed its revenue growth to accelerated gross merchandise value (GMV) growth, higher device additions, and growth in its financial services business. The company also saw a 56% YoY increase in loan disbursements during the quarter.

Bottomline: CarDekho parent Girnar's revenue slips in FY24 but loss narrows too

VCCircle

VCCircle · 1y ago

Bottomline: CarDekho parent Girnar's revenue slips in FY24 but loss narrows too

CarDekho parent company, Girnar Software, experienced a slight decrease in revenue for FY24, but also managed to reduce its net loss. The Jaipur-based company's revenue dropped by 1.3% to Rs 2,300 crore from Rs 2,331.8 crore. Despite this decline, Girnar Software was able to narrow its net loss significantly.

Mamearth-parent Honasa posts Rs 462 Cr revenue in Q2 FY25; slips into losses

Entrackr

Entrackr · 1y ago

Mamearth-parent Honasa posts Rs 462 Cr revenue in Q2 FY25; slips into losses

Honasa Consumer, the parent company of MamaEarth, released its second-quarter results today, showing a slight decline in revenue and reporting a loss for the period. The revenue for Q2 FY25 was Rs 462 crore compared to Rs 496 crore in Q2 FY24. The company reported a loss of Rs 18.6 crore in Q2 FY25, an improvement from a loss of Rs 29.4 crore in Q2 FY24. The current share price is Rs 378, with a market capitalization of Rs 12,278 crore or $1.46 billion.

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