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Delhivery Dissolves Its UK Subsidiary
- Delhivery has dissolved its UK subsidiary, Delhivery Corp, as confirmed in an exchange filing.
- The liquidation of the UK subsidiary follows a disclosure made by Delhivery on the BSE in May last year.
- Delhivery Corp's dissolution will not impact the company's revenue as it is not considered a significant subsidiary.
- In the same month last year, Delhivery announced the establishment of Delhivery Robotics India, focusing on drones and air freight services.
- Delhivery, a logistics company founded in 2011, competes with rivals such as Xpressbees, Blue Dart, Ekart Logistics, and Amazon Shipping.
- Delhivery reported profits in all quarters of FY25, marking its first profitable fiscal year.
- The company's net profit for Q4 FY25 was INR 72.6 Cr, significantly higher than the loss in the same quarter a year ago.
- Delhivery's operating revenue in Q4 FY25 grew 6% YoY but declined 9% sequentially.
- The EBITDA doubled YoY to INR 119 Cr in the quarter under review, with an expanded EBITDA margin of 5.4%.
- Including other income, Delhivery's total revenue in Q4 FY25 stood at INR 2,303.5 Cr.
- Delhivery recently proposed to acquire a controlling stake in Ecom Express for INR 1,407 Cr pending CCI approval.
- Both companies stated to the CCI that the acquisition would not significantly impact competition in the logistics industry.
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