Delhivery Ltd. (NSE: DELHIVERY): Q3 FY23 Results Out; Total Income fell 5% YoY

Delhivery Ltd (NSE: DELHIVERY) is an Indian courier and logistics company that provides delivery and transportation services across India. The company operates through a network of regional hubs and provides a range of services such as same-day delivery, next-day delivery, and international shipping. Delhivery has established itself as one of the leading logistics providers in India, catering to businesses of all sizes, from small e-commerce retailers to large enterprises. The company has expanded its operations and has established a presence in multiple cities across India. With its advanced technology and efficient operations, Delhivery aims to provide reliable and cost-effective logistics solutions to its customers.

Delhivery has seen an increase in revenue from contracts with customers, going from INR 19,950.44 crores in December 2021 to INR 18,238.36 crores in December 2022. However, the company’s overall income has decreased slightly, going from INR 20,192.02 crores in December 2021 to INR 19,181.09 crores in December 2022.

Expenses have also increased, with total expenses going from INR 21,550.26 crores in December 2021 to INR 21,257.66 crores in December 2022. As a result, Delhivery has reported a loss before tax, which has increased from INR 1,358.24 crores in December 2021 to INR 2,090.21 crores in December 2022.

The company has also reported a loss for the period, with the loss going from INR 1,265.18 crores in December 2021 to INR 1,956.53 crores in December 2022. This has led to a decrease in the company’s paid up equity share capital, going from INR 216.68 crores in December 2021 to INR 728.14 crores in December 2022.