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Delhivery Slips Into Losses Despite Posting 17% Revenue Rise In Q2 FY26

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Delhivery Slips Into Losses Despite Posting 17% Revenue Rise In Q2 FY26


New Delhi: Logistics firm Delhivery reported a 17 per cent year-on-year revenue increase for the second quarter of FY26, but incurred losses as costs exceeded revenue growth, according to an exchange filing on Wednesday. Revenue from operations of the Gurugram-based company grew to Rs 2,559 crore in Q2 FY26, up from Rs 2,190 crore a year earlier.

Total revenue, including Rs 92 crore from non-operating activities, reached Rs 2,651 crore, the filing said. However, freight handling and servicing costs, Delhivery’s largest expense, rose 12.5 per cent to Rs 1,843 crore, representing 68 per cent of total expenditure.

Delhivery’s expenditure surpassing revenue resulted in a loss of Rs 50 crore Q2 FY26, compared to a profit of Rs 10 crore in Q2 FY25. For the half year, its profit dropped by 37 per cent to Rs 40.5 crore in H1 FY26 as compared to Rs 64.5 crore in H1 FY25.

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Overall expenses rose 18 per cent to Rs 2,708 crore in Q2 FY26, up from Rs 2,294 crore in Q2 FY25. In the filings, the company attributed this surge in expense to higher legal, depreciation, and other overhead costs, despite a 22 per cent decrease in employee benefit expenses to Rs 425 crore.

Delhivery’s primary revenue sources were its logistics services, including warehousing, last-mile logistics, and designing and deploying logistics management systems. The company’s share price closed at Rs 486 at the end of the last trading session, resulting in a market capitalisation of Rs 36,335 crore.

It mentioned in its letter to shareholders that it recorded the highest monthly order volumes of over 100 million e-commerce and freight shipments in September as well as October, and highest single day dispatch of 7.2 million orders.

In June 2025, Delhivery had bought a 99.44 per cent stake in e-commerce logistics provider Ecom Express for a cash consideration of up to Rs 1,400 crore.



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Asda boss rejects profiteering claims as petrol price tops 150p

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Asda boss rejects profiteering claims as petrol price tops 150p



Motorists are facing higher fuel prices ahead of Easter break due to the conflict in the Middle East, the RAC says.



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Hetero rolls out generic semaglutide exports to over 75 countries – The Times of India

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Hetero rolls out generic semaglutide exports to over 75 countries – The Times of India


Hyderabad: Pharma player Hetero on Friday said it has rolled out exports of its generic semaglutide injection portfolio as part of a multi-year plan to widen access to treatments for type 2 diabetes and obesity in more than 75 countries.The Hyderabad-based pharmaceutical company said initial rollouts are under way in Africa, Asia and the Middle East, with additional launches planned in other markets subject to regulatory approvals.The injectable therapies will be sold under the brand names Truglyx, Rolmodl and Moto G. Semaglutide belongs to the GLP-1 class of medicines, which are used in diabetes care and weight management.Hetero said the export launch is part of its broader strategy to improve access to advanced cardio-metabolic therapies, particularly in emerging markets.The company said the products will be offered in multi-dose disposable pen devices designed in line with innovator formats and will be available in several strengths, including 0.25 mg, 0.5 mg, 1 mg, 2 mg, 1.7 mg and 2.4 mg, allowing dosing flexibility for both diabetes and obesity treatment.Hetero said it is also awaiting approval from India’s Central Drugs Standard Control Organisation (CDSCO) after completing clinical trials in type 2 diabetes and obesity and plans an India launch after regulatory clearance.Hetero managing director Dr Vamsi Krishna Bandi said the company aims to provide high-quality, affordable generic semaglutide through a single global product platform backed by its manufacturing and development capabilities.He said Hetero would use its commercial networks across Asia, the Middle East, Africa and Latin America to support supply and access. The Hyderabad-headquartered Hetero operates in more than 145 countries and employs over 30,000 people.



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India-US trade deal update: Piyush Goyal meets USTR Jamieson Greer, discusses next steps in BTA talks – The Times of India

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India-US trade deal update: Piyush Goyal meets USTR Jamieson Greer, discusses next steps in BTA talks – The Times of India


Commerce and industry minister Piyush Goyal on Friday met US Trade Representative Jamieson Greer and reviewed the next steps in negotiations for the proposed India-US bilateral trade agreement (BTA).The meeting took place on the sidelines of the 14th ministerial conference (MC14) of the World Trade Organisation in Yaounde, Cameroon, where both sides also exchanged views on issues related to the WTO agenda.“Had a very productive discussion with @USTradeRep Jamieson Greer on the sidelines of the WTO Ministerial Conference. Exchanged views on the #WTOMC14 agenda, next steps in the India-US BTA negotiations and explored ways to further deepen our economic cooperation and bilateral trade ties,” Goyal said in a social media post.The development comes amid ongoing efforts by both countries to finalise an interim trade pact. Last month, India and the US announced that they had finalised a framework for the first phase of the agreement, though it is yet to be signed.The two sides had earlier announced a trade deal on February 2, followed by a joint statement on February 7 outlining the contours of the agreement.As part of the framework, the US had agreed to reduce tariffs on Indian goods to 18%. However, the tariff structure has since undergone changes after the US Supreme Court struck down sweeping tariffs imposed under earlier measures.Following the ruling, US President Donald Trump introduced a 10% tariff on all countries for a period of 150 days starting February 24.In view of these developments, a planned meeting between chief negotiators of India and the US — aimed at finalising the legal text of the agreement — has been postponed. The pact was earlier expected to be signed this month.An official had earlier said that the interim trade agreement would be signed once the new global tariff framework of the US is fully in place.



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