New initiatives, margin gain hopes positives for logistics major Delhivery

The expectations for service operating profit margin in PTL is set to reach 16-17 per cent, excluding yield improvements, driven by volume growth

Logistics major Delhivery has had promising Q2FY25 results.

 

The Q2FY25 consolidated revenue was Rs 2,190 crore (up 0.8 per cent quarter-on-quarter or Q-o-Q and 12.8 per cent year-on-year or Y-o-Y).

 

Express parcel revenue was Rs 1,300 crore, (up 1.7 per cent Q-o-Q/7.3 per cent Y-o-Y) alongside better yield (+5 per cent Y-o-Y) in the segment.

 

Express parcel volume grew 2.2 per cent Y-o-Y. Partial truckload (PTL) revenue grew 9 per cent Q-o-Q, 27.1 per cent Y-o-Y to Rs 470 crore, aided by a rise in freight tonnage (up 22.7 per cent Y-o-Y).

 

Truck load revenue was up 1.3 per cent