Delhivery reports drop in losses

According to a recent news report published in a leading financial daily, e-commerce centric supply chain firm Delhivery has reported improvement in its topline and bottomline in regulatory filings with the Ministry of Corporate Affairs. The company has reported a hefty surge of 44% in its revenue in FY17 which stood at Rs 751 crore.

The company has also reported a modest drop in its annual losses – from Rs 317 crore during FY16 to Rs 249 crore. The losses have been narrowed despite slightly less than 20 percent in its expenses. As per filings, the total expenses shot up to Rs 1,000 crore in FY17 from Rs 840 crore the previous year.

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