Delhivery Q4 Results: Loss widens to Rs 159 crore; revenue falls 10%

Logistics firm Delhivery on Friday reported that its consolidated net loss widened to Rs 159 crore during the March quarter. The company had reported a loss of Rs 120 crore in the March quarter of last year.

Revenue from operations fell 10% to Rs 1,860 crore for the quarter under review. It was Rs 2072 crore in the same quarter a year ago.

Adjusted EBITDA for the quatrter turned positive to Rs 6 crore in the fourth quarter, compared with a loss of Rs 67 crore in the third quarter.