Delhivery Posts Quarterly Profit
Indian logistics firm Delhivery reported a quarterly net profit of 406.4 million rupees, reversing a loss from a year earlier. The turnaround was driven by strong growth in its express parcel and transport segments.
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India's DELHIVERY LTD posted a consolidated net profit of 406.4 million rupees ($4.3M) during the recent quarter, reversing a loss from a year earlier. The logistics provider benefited from robust demand across its core transport vertical. Investors are tracking the firm's margin expansion as shipping volumes accelerate across urban centers.
