Delhivery records revenue growth at Rs. 7,241 cr in 2021-22

Logistics giant, Delhivery recorded growth in revenue at Rs. 7,241 Cr in 2021-22 FY22 from Rs. 4,450 crore in 2020-21, indicating a rise of 63 per cent YoY. The company announced its financial results for the fourth quarter and fiscal year ended March 31, 2022 on Tuesday. Underlying reported revenue increased by 89 per cent to Rs 6,882 crore in 2021-22 from Rs 3,647 cr in 2020-21. 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 2021-22. Adjusted Cash PAT is arrived at after adjusting 2021-22 PAT for one-time/ non-recurring expenses and non-cash expenses, including depreciation/ lease expenses, amortization, and ESOP costs. This profitability is a testament to the scale-driven operating leverage of the business, stated a company statement.