Delhivery reported a Q4 profit of Rs 72 crore despite moderate revenue growth.
Operating revenue increased by 5% YoY to Rs 2,191 crore, with a net profit of Rs 72 crore compared to a net loss of Rs 68 crore in Q4FY24.
E-commerce parcel revenue rose by 3% YoY to Rs 1,256 crore, but saw a sequential decline in volumes and revenues by 16% and 14% respectively.
Delhivery is focusing on rapid commerce with plans to establish a network of 50 dark stores by the end of the current fiscal year, expecting a 4-5 month break-even period for each store.