Delhivery Q1 profit jumps 68.5% ahead of festive season

New-age third-party logistics (3PL) firm Delhivery on Friday reported a 68.5% year-on-year (YoY) jump in its April-June net profit at Rs 91 crore, driven by tighter operations and stable revenue, as it gears up for the ecommerce festive season. The company reported a 5.6% growth in its operating revenue at Rs 2,294 crore.

Its biggest segment of express parcel shipments saw a 14% volume growth to 208 million, but only the latter part of the quarter saw an impact of Delhivery’s acquisition of rival Ecom Express.