Delhivery Q1 Results: Losses narrow sharply to Rs 89.5 crore, sales rise 10.5%

MUMBAI: Logistics services provider Delhivery on Friday reported that its losses narrowed significantly in the quarter ended June 2023, both on a year-on-year (YoY) basis and sequentially.

The consolidated net loss narrowed to Rs 89.5 crore in the quarter, from Rs 399 crore a year ago, and Rs 159 crore a quarter ago.

Consolidated revenue from operations increased 10.5% YoY to Rs 1,929 crore.