Delhivery Q4 net loss narrows to ₹68 crore

Logistics company Delhivery has said its consolidated net loss narrowed to ₹68.4 crore in the March 2024 quarter, aided by higher income. It had posted a ₹158.6 crore net loss in the year-ago period, the company said in an exchange filing on Friday.

The company’s total income in the quarter under review increased to ₹2,194.5 crore from ₹1,934.2 crore a year ago. Its expenses were ₹2,257.2 crore against ₹2,107.6 crore a year ago. For the full 2024 fiscal, the company’s net loss declined to ₹259.2 crore from ₹1,007.7 crore in FY23.