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The company delivered an industry-leading growth in revenue to Rs 7,241 crore in FY22 from Rs 4,450 crore in FY21, an increase of 63 per cent YoY
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Delhivery, on of the largest and fastest-growing fully-integrated logistics provider in India, announced today its financial results for the fourth quarter and fiscal year ended March 31, 2022.
The company delivered an industry-leading growth in revenue to Rs 7,241 crore in FY22 from Rs 4,450 crore in FY21, an increase of 63 per cent YoY. Underlying reported revenue increased by 89 per cent to Rs 6,882 crore in FY22 from Rs 3,647 crore in FY21. The company also delivered full-year operating profitability with an adjusted EBITDA of Rs 72 crore and adjusted cash Profit After Tax (PAT) of Rs 212 crore in FY22.
Express parcel volumes grew by 101 per cent, far outstripping the industry volume growth of ~40 per cent.
During Q4FY22, revenues grew to Rs 2,072 crore from Rs 1,279 croreduring Q4FY21. Adjusted EBITDA, a measure of operating profitability, has shown consistent improvement QoQ. For the full year FY22, the company had an adjusted EBITDA margin of 1.0 per cent.
Delhivery continues to be extremely well-capitalised, with cash and investments of Rs 2,512 crore as of March 31, 2022, further augmented by Rs 3,846 crore of net IPO proceeds raised in May 2022.