Delhivery’s CEO, Sahil Barua, anticipates net profits by FY 2025, according to The Economic Times. Delhivery’s Q2 losses in June 2023 dropped significantly to Rs 89.5 crore from Rs 365.6 crore.
Barua mentioned Delhivery’s goal of achieving net profitability by FY 2025. Improved financial performance owes to:
- Revenue surge: FY22 saw a 63% YoY rise to Rs 7,241 crore.
- Enhanced operating margins: FY21’s 18.2% rose to 21.2% in FY22.
- Trimming expenses: Refining operations and supply chain saved costs.
Delhivery aims to broaden its network and customer base, targeting Rs 15,000 crore revenue by FY25.
A prominent logistics company, Delhivery’s services encompass:
- B2B, B2C, and e-commerce logistics
- Cross-border logistics
With 200+ warehouses, 100,000 partners, Delhivery serves Amazon, Flipkart, Walmart, and more. Barua emphasized Delhivery’s readiness for surging Indian logistics demand, pledging top-notch service.
