Q3 2025 Delhivery Ltd Earnings Call Transcript
Key Points
- The Express Parcel business experienced a 15% quarter-on-quarter revenue growth, reaching INR1,488 crores in Q3 fiscal '25.
- Part Truckload revenues grew by 22% year-on-year, indicating strong performance in this segment.
- Supply Chain Services business showed robust growth with a 30% increase in revenues year-on-year.
- The company achieved three consecutive quarters of positive PAT, with Q3 fiscal '25 PAT improving to INR25 crores.
- Delhivery Ltd (BOM:543529) maintained a steady growth in its direct-to-consumer business, which grew close to 30% year-on-year.
- Service EBITDA margins were slightly depressed compared to the same quarter last year due to increased fixed costs and fleet expenses.
- The cross-border services business saw a sequential decline in revenue from INR59 crores in Q2 to INR43 crores in Q3.
- Overall service EBITDA remained broadly flat, indicating challenges in improving profitability.
- The Truckload business remained flat, showing no significant growth over the past year.
- Increased fleet costs during the festive season led to a drag on earnings, impacting margins negatively.
(technical difficulty) and some growth in the Truckload business as well.
The Express Parcel business grew 15% quarter-on-quarter from a revenue of INR1,298 crores in Q2 fiscal '25 to INR1,488 crores of revenue in Q3 fiscal '25, year-on-year growth of about 3%.
Total shipments grew by 11% between quarter two and quarter three from 185 million shipments to 206 million shipments in Q3 fiscal '25, broadly flattish growth of about 2% compared to quarter three of fiscal '24.
In terms of Part Truckload revenues, we've grown revenues YoY by 22% from INR379 crores of revenue in Q3 fiscal '24 to INR462 crores of revenue in Q3 fiscal '25, broadly flattish between quarter two and quarter two.
Freight tonnage has grown 17% in the same period YoY from 354,000 metric tonnes of freight in Q3 fiscal '24 to 412,000 tonnes of billable freight in Q3 '25, broadly flattish from 427,000 tonnes to 412,000 tonnnes between Q2 and Q3.
Truckload business has remained broadly flat. We've been
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
