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Logistics Startup Delhivery Reports ₹2,172 Cr Revenue, ₹52 Cr PAT in Q1 FY25

Logistics Startup Delhivery Reports ₹2,172 Cr Revenue, ₹52 Cr PAT in Q1 FY25
Delhivery Reports ₹2,172 Cr Revenue, ₹52 Cr PAT Q1

SUMMARY

Delhivery is a logistic startup that provides logistic services and a platform to enable its users to track  their packages across India. The startup showed a 4.6 percent increase in its operating revenue. The  company saw a huge increase in its profit, with a scale crossing Rs 2,100 crore in the same duration.  The National Stock Exchange report mentioned that the operational revenue was around Rs 2,172  crore in the first quarter of FY25.  

Entrackr mentioned in its report that the firm had a sizable profit in the first half of FY25 compared to  the previous financial year. This logistics company offers various services including designing and  deploying logistics management systems, delivery services, warehousing, and other logistic services.  The firm earns revenue through convenience fees raised from deliveries, designing and deploying  logistic management systems, and warehousing. The financial sources provide Rs 110 crore and make  the total income to cross Rs 2,282 crore in the Q1 FY25. The logistic unicorn faces competition from  other logistic solution providers such as Shadowfax, Lets Transport, and Xpressbees.  

Delhivery offers an online platform to provide its services with the best customer experience. The  company is also working on establishing its wholly-owned subsidiary, Delhivery Robotics India to focus  on manufacturing drones and target the global market. The startup recently allocated 6.49 lakh stock  options to expand its employee stock option plan for the third time in the past few months. The cost  of handling takes up to 71 percent of the total expenses. These overall expenses increased by 4 percent  to Rs 1,579 crore in the first quarter of 2025. This logistic company has clients including Softbank Group  International, OYO, and IndusInd Bank. 

Delhivery has raised around 1.3 billion USD across multiple funding rounds since its inception. Earlier,  this year, the company allocated 1,66,122 employee stock options under its ESOP 2012 scheme,  making the total ESOP pool size 1.73 million. The manufacturing, finance, legal, marketing, employee  benefits, and other expenses take up to 40 percent of the total expenditure to Rs 2,223 crore in Q1 of  FY25. Even though the company faced internal challenges like decreased express parcel and cross border service it still managed to earn a profit with a total market capitalization of 3.6 billion USD. 

Conclusion: 

Delhivery announced a 4.6 percent increase in its operational revenue to Rs 2,172 crore crore.  However, the Profit After Tax stood out at Rs 52 crore. This logistic service provider offers an online  platform to track your packages and different logistic solutions such as warehousing, and designing of  logistic management systems. The startup recently increased its employee stock plan option plan by  granting 1.6 lakh new stock options. The startup reported a 4 percent increase in its overall expenses  to Rs 1,579 crore in the first quarter of FY25. The manufacturing, advertising, employee benefits, and  legal expenses increased the overall expenditure of the firm to Rs 2,223 crore in the same duration.

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