News

Delhivery Achieves Profitability in Q3 FY24 with 20% YoY Revenue Surge

Delhivery Achieves Profitability in Q3 FY24 with 20% YoY Revenue Surge

21 March 2024 – Delhivery, a prominent player in ecommerce logistics, has reported a significant milestone in its financial performance, turning profitable in the third quarter of FY24. With a notable increase in operating revenue and strategic leadership changes, the Gurugram-based unicorn continues to solidify its position in the market.

Delhivery’s latest financial report reveals a remarkable turnaround, with the company posting a profit of Rs 11.7 crore in Q3 FY24, compared to a loss of Rs 196 crore in the same quarter a year ago. This achievement comes alongside a substantial 20% year-on-year growth in operating revenue, reaching Rs 2,194 crore. The company attributes its success to its diverse range of logistics services, including last-mile delivery, warehousing, and reverse logistics, among others.

Shares:

Do You Want To Share Your Startup Story With US? CLICK HERE

Join Our Community HERE

Recommended Stories