Delhivery achieved a 12.8% rise in revenue from operations, reaching Rs 2,188.7 crore in Q2 FY25 compared to Rs 1,941.71 crore in the same period last year, according to its financial data shared with the National Stock Exchange (NSE).
The majority of the revenue stemmed from its domestic operations, which saw a 12.8% growth. Meanwhile, its international operations, driven by the cross-border segment Team Global Logistics, contributed Rs 8.4 crore—a 3.2x jump compared to the previous year. The Gurugram-based logistics giant also added Rs 119 crore from non-operating activities, taking its total revenue to Rs 2,309 crore for the quarter.
On the expense front, freight handling and servicing costs dominated at Rs 1,638.1 crore, accounting for 71.4% of its total expenditure. Employee benefits costs decreased slightly by 4.7%, amounting to Rs 349.2 crore, while depreciation costs dropped significantly by 23.4% to Rs 131.2 crore. Overall, Delhivery’s total expenses increased by 6.8% to Rs 2,294.2 crore during this period.
The company recorded a profit after tax (PAT) of Rs 10.2 crore in Q2 FY25, marking a sharp recovery from the Rs 102.9 crore loss reported in Q2 FY24.
Delhivery’s shares witnessed a marginal decline of 0.5%, closing at Rs 328.6, with a market capitalization of Rs 24,382 crore.
Meanwhile, the logistics and startup IPO ecosystem remains vibrant, with Blackbuck, Ecom Express, and Shadowfax preparing to go public, following the recent debut of Swiggy on the stock exchange.