Delhivery's Q4 net loss reduced by 57%, revenue increased by 12% in FY24, and EBITDA turned positive.
Delhivery's Q4 net loss improved to Rs 68.5 crore, a 57% decline from the previous year. The company's revenue stood at Rs 2,076 crore, a 12% increase from the previous fiscal year. In FY24, Delhivery turned EBITDA positive with an increase of Rs 578 crore to Rs 127 crore from an EBITDA loss of Rs 452 crore in FY23. The company's CBO Sandeep Barasia resigned after nearly a decade, contributing significantly to making Delhivery the largest logistics player in India.
May 17, 2024
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