News > Delhivery shares rise as company turns profitable in Q1

Delhivery shares rise as company turns profitable in Q1

The logistic services provider posted a consolidated net profit of Rs 54 crore in the quarter ended June compared to a loss of Rs 89 crore in the year-ago period, according to an exchange filing. The company's express parcel shipment expanded 4% to 183 million in the first quarter from 176 million in the March quarter. Supply-chain services posted strong growth, with its revenue rising 26% to Rs 259 crore from Rs 206 crore in the year-ago period.