Logistics company Delhivery reported a consolidated net loss of Rs 103 crore in the second quarter ending 30 September 2023, marking a reduction from the Rs 254 crore net loss in the corresponding period last year, as per a regulatory filing.
Total income increased to Rs 2,042.98 crore from Rs 1,883.38 crore in the previous year, while total expenses decreased to Rs 2,148.18 crore from Rs 2,157.79 crore.
In a statement, the company revealed a 12 per cent year-on-year (YoY) growth in express parcel shipment volumes, reaching 181 million in Q2 FY24 compared to 161 million in Q2 FY23.
Delhivery’s MD & CEO Sahil Barua expressed satisfaction with the H1 operating and financial performance, highlighting consistently high volume levels at their mega-facilities.
Effective 15 January 2024, co-founder Suraj Saharan will assume the role of Chief People Officer, while Varun Bakshi will become Head of Business Development for the Part Truckload Freight business from 9 January next year. Vivek Pabari, SVP of Corporate Finance, will take on additional responsibilities for Investor Relations and treasury.
Barua emphasised that these leadership appointments aim to establish experienced long-term leaders for key functions and business roles.
