Delhivery reports 113% rise in profit, misses estimates

Delhivery on Friday reported a 113% rise in its December quarter net profit at Rs 24.9 crore from Rs 11.7 crore in the year ago period. However, it was below the street estimates of Rs 66 crore.

The company’s revenue from operations rose 8.4% year-on-year to Rs 2,378.2 crore from Rs 2,194.4 crore earlier. It was marginally below the Bloomberg consensus of Rs 2,422 crore.