Q1 2025 Delhivery Ltd Earnings Call Transcript
Key Points
- Top line grew by 13% YoY, indicating strong revenue growth.
- EBITDA for the quarter was at 4.5%, showing profitability.
- Part truckload business grew 25% YoY, driven by volume increases and yield improvements.
- Supply chain services saw a 26% YoY growth due to a strong quarter for air conditioning customers.
- Customer base expanded from 33,000 to nearly 35,000, reflecting business growth.
- Express parcel volume growth was modest at 0.6% YoY.
- Supply chain services EBITDA margins dropped to 4.4% from 6% last quarter due to increased costs.
- Employee benefit expenses were impacted by ESOP reversals, indicating potential instability in workforce costs.
- Depreciation policy change from WDV to straight-line method may have long-term financial implications.
- Market share in the 3PL segment remained steady, indicating no significant gains despite growth efforts.
Good evening, everyone, and welcome to the 1Q '25 earnings call of Delhivery Limited hosted by Macquarie.
Before we start, Delhivery would like to point out that some of these 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 representatives from the media, they are requested to kindly drop off this call immediately.
To discuss the results, I'm pleased to welcome Mr. Sahil Barua, Managing Director and Chief Executive Officer; Mr. Amit Agarwal, Chief Financial Officer; and Mr. Vivek Pabari, Head of Investor Relations at Delhivery.
(event instructions)
I thank the management team for providing Macquarie this opportunity to host the call and our host -- I now invite Mr. Sahil Barua to take us through the key highlights for the quarter, post which we will open up for Q&A.
Thank you, and over to you, Sahil.
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