HoweverThe growth in the partial truck load (PTL), freight business is expected to be muted.
For The September quarter, Delhivery Had reported a 20% year-over-year growth and 3% sequential increase
In consolidated revenue Rs 1,796 crore. The Net loss decreased to Rs 254 crore
Rs 635 crores a year earlier Rs 399 crore a quarter ago.
Analysts Watch out for changes in freight costs, employee expenses, and other factors that could impact the company’s total expenditure.
In In the second quarter, freight handling costs and services increased 24% compared to last year. Rs 1,436 crore. Staff On the other hand, expenses declined by nearly 21% year-over-year Rs 353 crore. The Street Both business segments will be assessed for their outlook.
Brokerage Jefferies Has been bullish in the logistic space and is Delhivery As one of their top picks.
“Formalisation of the logistics sector is a multi-year theme that should play out,” It was.
Following is a summary of analysts’ expectations from the express logistics services provider.
Nuvama Institutional Equities
For The brokerage projects Q3 Delhivery To reduce its losses, sequential volume growth in express parcels and PTL should be correlated into positive operating leverage. It Express parcel division is achieving 8% sequential volume growth and revenue growth, while PTL could potentially achieve 12% tonnage growth.
OverallIt anticipates Delhivery A sequential 8.6% increase in revenue was achieved.
Kotak Institutional Equities
The Brokerage expects a flat YoY growth of volumes for express parcel vertical and a 20% decrease in PTL segment. HoweverThe overall revenue volume will be marginally greater YoY because of scale-up in the other segments.
It Expectations Delhivery Report a negative adjusted or reported EBITDA
The However, brokerage expects such loss will be lower than 2QFY23, based on 13.5% QoQ growth and 50% gross margin for incremental sales until RsTop-line: 20 bn
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