Delhivery Reports Strong Q3 FY25 Results

Delhivery has made headlines with its latest Q3 FY25 results, revealing an impressive 8.4% increase in revenue year-on-year. The logistics firm based in Gurugram also reported a substantial increase in profits during this quarter.

According to the financial statements submitted to the National Stock Exchange, Delhivery’s revenue from operations reached Rs 2,378 crore for Q3 FY25. The company’s main revenue streams come from logistics services, which encompass warehousing, last-mile logistics, and the design and implementation of logistics management systems. Additionally, Delhivery generated Rs 99 crore from non-operating activities, aggregating its total revenue to Rs 2,477 crore for Q3 FY25.

Cost Structure and Expenditure

Freight handling and servicing costs constituted 71% of Delhivery’s total expenses, which climbed by 11.3% to Rs 1,750.7 crore during Q3 FY25. Employee benefits expenses remained constant at Rs 356.2 crore. Legal, depreciation, and other overhead costs were responsible for a 7% rise in total expenditure, bringing it to Rs 2,450 crore for the quarter.

Profit Growth

The maintained growth trajectory and diligent control over expenditures have allowed Delhivery to more than double its profits, which reached Rs 25 crore in Q3 FY25, compared to Rs 11.7 crore during the same period last year.

Remarkably, Delhivery has accumulated Rs 6,740 crore in revenue over the first nine months of the fiscal year, achieving a positive net income of Rs 89.5 crore.

Leadership Appointment and New Ventures

In a significant move, Delhivery has appointed Vani Venkatesh, the former Global CEO of Airtel, as its Chief Business Officer (CBO), following a filing with the National Stock Exchange reviewed by Startup Superb.

Moreover, Delhivery has recently entered the quick commerce sector by launching a two-hour delivery service, responding to the increasing consumer demand for speedy order fulfilment. This service, originally introduced in Bengaluru, aims to support brands across various categories, including beauty and personal care, fashion, and electronics.

At the closure of today’s trading session, Delhivery’s share price was valued at Rs 322, reflecting a market capitalisation of Rs 23,943.27 crore (approximately $2.85 billion).