The revenue from operations in the reported quarter stood at Rs 2,378 crore, witnessing an 8% jump over Rs 2,194 crore reported in the corresponding quarter of the previous financial year.

On a sequential basis, the profit after tax (PAT) was 145% higher over Rs 10 crore posted by the logistics company in Q2FY25. Meanwhile, the revenue was up 9% on a quarter-on-quarter basis versus Rs 2,190 crore reported in the July-September quarter.

In a statement, Delhivery said that the company continued on a profitable growth path in a challenging environment.

Its Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) reduced marginally YoY to Rs 102 crore in Q3FY25 from Rs 109 crore in Q3FY24.

Express Parcel revenue grew 3% YoY to Rs 1,488 crore in Q3 FY25 from Rs 1,448 crore in Q3FY24 while the express parcel shipments grew 2% YoY to 206 million in Q3FY25 from 201 million in Q3FY24.Part Truckload revenue grew 22% YoY to Rs 462 crore in Q3FY25 from Rs 379 crore in Q3FY24 while the Part Truckload volumes saw a robust volume growth of 17% YoY to 412K MT in Q3 FY25 from 354K MT in Q3 FY24.Supply Chain Services revenue grew by 29% YoY to Rs 222 crore in Q3FY25 from Rs 173 crore in Q3FY24 on the back of new client additions and expansion in business with existing clients.

Truckload service revenue grew 5% YoY to Rs 160 crore in Q3FY25 from Rs 153 crore in Q3FY24. Cross Border services revenue grew 12% YoY to Rs 43 crore in Q3FY25 from Rs 39 crore in Q3 FY24.

“Profitability continued in Q3 despite broader industry headwinds and December has been our highest volume month in PTL thus far post integration of Spoton, which has continued into January as well. On the back of growing revenues, rising profitability and a high quality network, we continue to strengthen our competitive position in the industry.”, said Sahil Barua, MD & Chief Executive Officer.

Delhivery shares target price

As per Trendlyne data, the average target price of the stock is Rs 449, which indicates an upside potential of 42% from the current market prices. The consensus recommendation from 21 analysts for the stock is a ‘Strong Buy‘.

Delhivery shares performance

On Friday, Delhivery shares closed at Rs 317, down 1.55% on the BSE, while the benchmark Sensex declined 0.25%. The stock has declined 23% over the past six months and 33% in the last 12 months. The company’s market capitalization stands at Rs 23,552 crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)