Delhivery Ltd posts Q1 net loss of Rs 307.83 cr
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The company reported standalone net loss during the quarter stood at Rs 307.83 crore as compared to net loss of Rs 110.01 crore in the previous year quarter. Net revenue of the company rose substantially by 26.24 per cent at Rs 1,599.32 crore in April-June quarter of this fiscal as against Rs 1,266.85 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 35.96 per cent to Rs 1,797.68 crore from Rs 1,322.25 crore in year ago period. Other Income grew by 10.40 per cent at Rs 57.20 crore versus (Jun'21 Rs 51.81 crore). Operating Profit surged by 258.12 per cent to Rs -198.36 crore as against Rs -55.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 183.75 per cent in June quarter. Interest grew by 2.29 per cent y-o-y to Rs 23.22 crore
