Delhivery Q1 net profit down 65%; Helping older adults find purpose
Delhivery reported a 28% rise in Q1 FY27 revenue to Rs 2,931 crore, even as net profit fell 65% to Rs 32 crore
Delhivery reported a significant 65% decrease in net profit for the first quarter of fiscal year 2027, despite a 28% increase in revenue to Rs 2,931 crore. The decline in profits can be attributed to integration costs associated with the Ecom Express platform. The logistics company experienced robust growth in shipment volumes, with express shipments rising by 55.2% year-over-year to 322 million, and PTL freight volumes increasing by 18.4%.
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