Delhivery Q4 net loss nearly flat at Rs 120 cr, revenue rises 106%

Logistics company Delhivery on Monday reported marginal rise in net loss at Rs 120 crore for the fourth quarter ended March 31, 2022. The company had posted a loss of Rs 118 crore in the year-ago period.

On the other hand, Delhivery, which got listed earlier this month, saw its revenue grow 106% to Rs 2,072 crore in the quarter under review as against Rs 1,003 crore in Q4FY21

The Gurugram-headquartered company’s total income increased to Rs 2,127 crore in Q4FY22 from Rs 1,032 crore in Q4FY21.

Express parcel volumes grew by 101%, far outstripping the industry volume growth of approximately 40%, the company said in a regulatory filing.