Delhivery’s financial performance for Q4FY24 seems to be a mixed bag.
On the positive side, their revenue grew 12% year-over-year, indicating some business growth. Additionally, their Service EBITDA which reflects profitability before some accounting costs, also improved year-over-year.
However, the company is still reporting net losses, and this has led to their stock price coming under pressure. This could be due to muted demand in their core business, which is impacting their overall profitability.
Overall, it appears that while Delhivery is making some progress towards profitability, there are still concerns about their bottom line.
