Q1 2025 Delhivery Ltd Earnings Call Transcript
Key Points
- Delhivery Ltd (BOM:543529) reported a 13% YoY growth in top-line revenue.
- EBITDA for the quarter was at 4.5%, with adjusted EBITDA at 1.7%, showing improvement.
- 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.
- The company expanded its customer base from 33,000 to nearly 35,000 customers this quarter.
- Express parcel volume growth was modest at 0.6% YoY.
- Supply chain services EBITDA margins decreased to 4.4% from 6% last quarter due to increased trucking and manpower costs.
- Employee benefit expenses showed a significant drop due to a one-time ESOP charge reversal, which may not be sustainable.
- The company faced challenges with the volatility of the express volume shipments market.
- There is ongoing pressure from competitors in the quick commerce space, which could impact future growth.
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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