Delhivery Q4 results: Profit at Rs 72 crore, revenue up 6%

Indian logistics services firm Delhivery reported a fourth-quarter profit on Friday, as higher spending to attract client demand paid off amid tough competition from e-commerce firms’ pivot to in-house logistics. The company’s consolidated profit came in at 725.6 million rupees ($8.5 million) for January-March, compared to a loss of 684.7 million rupees a year earlier.