Delhivery logs profit for 2nd quarter on festive boost

Logistics startup Delhivery reported a second consecutive quarter of profit in Q2 at Rs 10 crore, compared to a loss of Rs 103 crore a year ago. Revenue grew 13% y-o y to Rs 2,190 crore, compared to Rs 1,942 crore.

The company’s Ebitda rose to Rs 57 crore in Q2, compared to an Ebitda loss of Rs 16 crore a year ago. Revenue from its largest segment, express parcel revenue, grew 7% to Rs 1,298 crore, while express parcel shipments grew 3% to 185 million in from 181 million last year.