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Delhivery posts first-ever profit on back of festive season demand

Indian logistics firm Delhivery posted its first-ever quarterly profit since listing on Friday, helped by healthy demand for online shopping during the festive season. Consolidated profit ..

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Delhivery posts first-ever profit in Q3 on back of festive season demand

Revenue from the company's express parcel services, which contributes more than half to the total, climbed 21% year-on-year

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India s Delhivery posts first-ever profit on back of festive season demand

Indian logistics firm Delhivery posted its first-ever quarterly profit since listing on Friday, helped by healthy demand for online shopping during the festive season..

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Delhivery Posts Its First ever Quarterly Profit Of Rs 11 Cr In Q3 Since Listing - BW Businessworld

Delhivery Posts Its First ever Quarterly Profit Of Rs 11 Cr In Q3 Since Listing - BW Businessworld
businessworld.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessworld.in Daily Mail and Mail on Sunday newspapers.

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Analysts divided, but Delhivery s stock underperformance may reverse

There are conflicting views on Delhivery. The logistics player s results for the July-September quarter (Q2FY24) are being interpreted as good by some analysts and disappointing by others. As India s largest listed logistics player, the company stands to benefit from the formalisation across the mostly unorganised logistics space. Delhivery provides solutions to 23,113 customers, including e-commerce marketplaces, direct-to-consumer e-tailers, and enterprises across verticals.

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