India's Delhivery posts narrower fourth-quarter loss
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 17 2024
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Source: reuters
- Delhivery's Financial Performance: Delhivery, a logistics firm, reported a reduced loss in the last quarter due to improved volume growth in its services.
- Financial Figures: The company's consolidated loss was 684.7 million rupees, lower than the previous year's loss of 1.59 billion rupees but higher than analysts' estimates.
- Total Income Increase: Delhivery's total income increased by 13.5% to 21.95 billion rupees.
- Industry Context: Logistics companies face rising competition as e-commerce platforms opt for in-house solutions over third-party logistics to cut costs.
- Peer Comparison: Container Corporation of India also reported a profit increase in the fourth quarter driven by volume growth in its import/export segment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
