Delhivery’s revenue from operations witnessed an upsurge by 12.8% from Rs 1941.71 crore in Q2 FY24 to Rs 2,189 crore in Q2 FY25. These financial statements were accessed from the National Stock Exchange (NSE) show.

If we speak of Delhivery’s revenue, it primarily came from its operations within India, which increased 12.8% and contributed Rs 2,188.7 crore in Q2 FY25. Furthermore, the collection from overseas operations, although was comparatively small, jumped 3.2X to reach Rs 8.4 crore in the same period. This income was steered by its cross-border unit Team Global Logistics. The Gurugram-based company has also earned an additional Rs 119 crore from non operating activities and has pushed its total revenue to Rs 2,309 crore.

Freight handling and servicing costs accounted for 71.4% of its total burn in the last quarter and stood at Rs 1638.1 crore. Also to note, during Q2 FY24, employee benefits expenses saw a slight decrease of 4.7% to Rs 349.2 crore. This is further followed by depreciation expenses, which reduced by 23.4% to Rs 131.2 crore. With this, Delhivery’s total expense rose by 6.8% to Rs 2294.2 crore in this period.

Moreover, Delhivery reported a profit after tax (PAT) of Rs 10.2 crore, which is a turnaround from a loss of Rs 102.9 crore in Q2 FY24. With a total marketing capitalization of Rs 24,382 crore, Delhivery’s share price has also decreased by 0.5% today and was recorded at Rs 328.6.

As the competition among startup IPOs is heating up as Swiggy, a competitor to Zomato, recently went public on the stock exchange. Furthermore, in the logistics segment, Blackbuck is in the process of being listed, while Ecom Express and Shadowfax are also gearing up for their IPOs.