Now Reading: Delhivery Q1 profit plunges 65% to ₹32 crore despite 28% revenue jump
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Delhivery Q1 profit plunges 65% to ₹32 crore despite 28% revenue jump
Delhivery Q1 profit plunges 65% to ₹32 crore despite 28% revenue jump
Delhivery's consolidated net profit for the June quarter of FY27 slumped 65% to ₹31.9 crore from ₹91.1 crore in the same quarter last year. Sequentially, profit declined 56% from ₹72.3 crore in…
The Story in Brief
Delhivery's consolidated net profit for the June quarter of FY27 slumped 65% to ₹31.9 crore from ₹91.1 crore in the same quarter last year. Sequentially, profit declined 56% from ₹72.3 crore in the March quarter. The logistics company's operating revenue rose 28% to ₹2,930.7 crore from ₹2,294 crore in Q1 FY26, but fell 3% quarter-on-quarter from ₹2,850 crore. Total income, including other income of ₹114.1 crore, stood at ₹3,044.8 crore. Total expenditure increased 29% to ₹3,011.6 crore from ₹2,326.6 crore in the year-ago period.
The Indian Opinion
The headline number, profit halved to ₹32 crore, has already triggered a familiar chorus that Delhivery is a case of growth without profitability. That is too neat a verdict. Revenue climbed 28% to ₹2,931 crore, and the company is investing heavily in network expansion and automation. Operating expenses rose 29%, pinching margins in the short term. The real question is whether this spending translates into market share gains against rivals like Blue Dart and Ecom Express. The next two quarters will show if Delhivery can convert top-line momentum into sustainable earnings, or if the growth story runs out of steam.
Source: inc42.com
This story was synthesised by AI from the source linked above.
