Delhivery reports 113% rise in profit, misses estimates

Delhivery’s net profit for the December quarter increased by 113% to Rs 24.9 crore, but fell short of street estimates. The company’s revenue from operations also rose by 8.4%, but was below Bloomberg consensus. Delhivery’s expenses increased by 7%, leading to a decline in Ebitda margin. The company’s main revenue drivers were its part truckload […]