InvestorQ : How were the quarterly results of Delhivery Ltd for the June 2022 quarter?
Katherine Gonsalves made post

How were the quarterly results of Delhivery Ltd for the June 2022 quarter?

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rhea Babu answered.
1 month ago
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For the June 2022 quarter, Delhivery net loss widened to Rs399 crore which is more than 3 times the loss of Rs129.6 crore reported in the Q1FY22 quarter. However, Delhivery reported a spike in revenues by 32% to Rs1,746 crore. For Q1FY23, the adjusted EBITDA loss was Rs217 crore compared to an EBITDA loss of Rs58 crore in QIFY22. However, despite the rather tepid investors response to the IPO at just about 1.63 times subscription, the stock is up nearly 31% from the IPO issue price of Rs487. It provides material logistics services.

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