Delhivery Q2 loss narrows to Rs 103 cr

Logistics company Delhivery on Saturday said its consolidated net loss narrowed to Rs 103 crore in the second quarter ended September 30, 2023.

The company had reported a net loss of Rs 254 crore for the year-ago period, it said in a regulatory filing.

Total income rose to Rs 2,042.98 crore from Rs 1,883.38 crore in the year-ago period.

Total expenses fell to Rs 2,148.18 crore from Rs 2,157.79 crore earlier.

The company in a statement said its express parcel shipment volumes grew 12 per cent year-on-year to 181 million in Q2 FY24 from 161 million in Q2 FY23.