Conference Call with Delhivery Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Transportation-Logistics company Delhivery announced Q1FY24 results: Revenue from services of Rs 1,930 crore in Q1FY24, up 11% YoY from Rs 1,746 crore in Q1FY23 and up 4% sequentially from Rs 1,860 crore in Q4FY23. Adjusted EBITDA loss reduced by 89% YoY to Rs 25 crore in Q1FY24 compared to Rs 217 crore in Q1FY23. Loss after tax narrowed by 78% on a YoY basis to Rs 89 crore in Q1FY24 from Rs 399 crore in Q1FY23 and by 44% on a QoQ basis from Rs 159 crore in Q4FY23. “We have won important contracts in Q1, from marquee clients like Havells, TATA Motors, and MamaEarth which we expect to reflect in subsequent quarters," said Sahil Barua, MD & CEO. “In Q1FY24, we expanded capacity and network footprint in line with our growth expectations for H2 of FY24,” added Sahil Barua. Result PDF
Conference Call with Delhivery Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Transportation-Logistics company Delhivery announced Q4FY23 results: Revenue from services of Rs 1,860 crore in Q4FY23, up sequentially from Rs 1,822 crore in Q3FY23 Adjusted EBITDA turned positive to Rs 6 crore in Q4FY23 compared to Rs 67 crore loss in Q3FY23 Loss after Tax in the same period narrowed to Rs 159 crore in Q4FY23 from Rs 196 crore in Q3FY23 Adjusted EBITDA margin improved to 0.3% in Q4FY23, a 397 bps increase v/s -3.7% in Q3FY23 “Critical leading indicators like service precision, network speed and delivery quality parameters are at all time high levels and are driving greater customer confidence and share of wallet growth. The momentum built up in Express and PTL in Q3 has carried into Q4 and FY24 as well. We were confident of continued improvement in the core Transportation business and overall profitability at the end of last quarter and are happy to report we have delivered both in this quarter as planned. We have aggressive infrastructure and capability expansion plans in place and are confident of the strong start in April and H1 of May continuing through the year”, said Sahil Barua, Managing Director & Chief Executive Officer, Delhivery. Result PDF
Conference Call with Delhivery Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.