Overview
- Operating revenue rose 17% year on year to Rs 2,559 crore as express parcel shipments climbed 32% to 246 million orders.
- Reported net loss stood at Rs 50.49 crore after Rs 90 crore of Ecom Express integration charges, while PAT would have been Rs 59 crore excluding the one‑off.
- Management now expects another Rs 100–110 crore of integration costs over the next two quarters and says total spend will be materially lower than the original Rs 300 crore.
- The board approved a wholly owned subsidiary, Delhivery Financial Services, with Rs 12 crore initial capital to provide credit, payments, FASTag, fuel cards and insurance to partners as an aggregator, and the company launched its Freight Index One pricing data product.
- Shares fell about 8.6–9% after the results, with JM Financial downgrading to Add and brokers citing GST‑related timing that shifts some revenue recognition into Q3 alongside near‑term margin pressure.