Delhivery’s net loss more than triples to Rs 399 crore in Q1

Ecommerce-focused logistics company Delhivery, which went public in May, reported a net loss of Rs 399 crore for the quarter ended June 30, a more than three-fold increase from the same period last year.

The net loss was Rs 129 crore in the first quarter last year.

Freight expenses rose 67% to Rs 1,452 crore, it said in a regulatory filing to the BSE.