Delhivery Q3 results: Logistics major turns profitable with Rs 11.7 cr PAT

Logistics unicorn Delhivery on Friday reported that it had turned profitable for the first time ever since its public listing in 2022.

The company posted a Profit After Tax (PAT) of Rs 11.7 crore in the third quarter of the financial year 2023-24 (FY24), from a loss of Rs 196 crore during the same period a year ago. It had reported a loss of Rs 103 crore a quarter ago.

Delhivery’s revenue from operations stood at Rs 2,194 crore in Q3 FY24, up 20 per cent year-on-year (Y-o-Y) from Rs 1,822 crore in Q3 FY23. The firm’s Q2 revenue came in at Rs 1,942 crore.