Delhivery shares fell as much as 5% during trading on Monday, February 10.
The company reported its Q3 earnings after the market opened on Friday, February 7.
The company’s net profit rose 113% to ₹25 crore in the third quarter from ₹11.7 crore last year. Its revenue grew 8.4% to ₹2,378.3 crore. Its revenue was ₹2,194.4 crore in the third quarter of the previous fiscal.
The company’s earnings before interest, tax, depreciation and amortization (EBITDA) fell 6.2% to ₹102.4 crore as against ₹109.2 crore in the previous fiscal.
Its margins stood at 4.3% as against 5% last year.
MD and CEO Sahil Barua said, “Profitability continued in the third quarter despite broader industry challenges and December was our highest ever volume month at PTL post the integration of Spoton, a trend that continued in January as well.
Backed by growing revenues, increasing profitability and a high-quality network, we continue to strengthen our competitive position in the industry.”
Delhivery shares were trading 2.22% lower at Rs 308.10 at 9.45 am on Monday, February 10. The stock has declined 23.8% in the last six months.
