Q3 2024 Delhivery Ltd Earnings Call Transcript
Key Points
- Delhivery Ltd (BOM:543529) achieved its highest ever quarterly revenue of INR 2,194 crores, marking a 20% year-on-year growth.
- The company reported its first positive PAT margin of INR 12 crores, indicating a significant milestone in profitability.
- Delhivery Ltd (BOM:543529) delivered 200 million consignments in its Express Parcel business, an 18% year-on-year growth.
- The company expanded its pin-code reach to 18,675, adding about 1,000 pin-codes compared to the previous year.
- The adjusted EBITDA margin improved to 4.2%, with an adjusted EBITDA of INR 92 crores, reflecting an 800 basis points year-on-year expansion.
- Despite the positive results, the company acknowledged that the market will remain 'interesting' over the next couple of quarters, indicating potential volatility.
- The Supply Chain Services business remained broadly flat year-on-year, with revenues slightly decreasing from INR 178 crores to INR 173 crores.
- The cross-border business also remained largely flat on a quarter-on-quarter basis, with yields continuing to decline.
- The company faced a relatively slow quarter for the part truckload industry, with only low single-digit growth over the previous quarter.
- There was a significant reduction in PTL volumes compared to Q3 FY '22, with 90,000 tons less freight handled, impacting overall revenue potential.
Good morning, everyone. Good day, and welcome to Q3 FY '24 Earnings Conference Call of Delhivery Limited hosted by Macquarie. Before we start, Delhivery would like to point out that some of the statements made in today's call may be forward-looking in nature, and a disclaimer to this effect has been included in the earnings presentation shared with you earlier. Kindly note that this call is meant for investors and analysts only. If there are any representatives from the media they are requested to drop off this call immediately.
To discuss the results, I'm pleased to welcome Mr. Sahil Barua, the MD and CEO; Mr. Sandeep Barasia, ED and Chief Business Officer; Mr. Amit Agarwal, Chief Financial Officer; and Mr. Vivek Pabari, the Head of Investor Relations. (Operator Instructions).
I thank the management team for providing us the opportunity to host this call. And I invite Mr. Sahil Barua to take us through the key highlights of the quarter, post which we'll open up for Q&A. Thank you, and over to you, Sahil.
| 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
