Logistics company Delhivery has made a significant turnaround by posting notable profits for the quarter ending June 2025, with revenue surpassing ₹2,100 crore during this period (Q1 FY25).
Delhivery’s operating revenue increased by 4.6%, reaching ₹2,172 crore in Q1 FY25 from ₹2,076 crore in Q4 FY24, as reported in the company’s unaudited consolidated quarterly report filed with the National Stock Exchange.
The primary revenue sources for Delhivery were logistics services, including warehousing, last-mile logistics, and the design and deployment of logistics management systems. The Gurugram-based company also earned an additional ₹110 crore from financial sources, bringing its total income to ₹2,282 crore in Q1 FY25, up from ₹2,195 crore in Q4 FY24.
For Delhivery, freight and handling costs accounted for 71% of its total expenditure. Reflecting the company’s scale, these costs rose by 4%, reaching ₹1,579 crore in Q1 FY25, compared to ₹1,519 crore in Q4 FY24.
Spending on employee benefits, advertising, finance, legal services, and other expenses brought the company’s overall expenditure to ₹2,223 crore in Q1 FY25, slightly down from ₹2,257 crore in Q4 FY24.
This sustained growth in scale, coupled with a reduction in total costs, enabled Delhivery to achieve a profit of ₹52 crore in Q1 FY25, a sharp contrast to the ₹68 crore loss reported in Q4 FY24. On a unit level, the company spent ₹1.02 to earn a rupee in Q1 FY25.
Additionally, Delhivery granted 1,66,122 employee stock options under its existing ESOP Plan 2012, increasing its total ESOP pool to 1.73 million, according to a separate disclosure filed with the NSE.
As of August 2, Delhivery’s share price stood at ₹414.4, with a total market capitalization of ₹30,632 crore, or approximately $3.6 billion.