India's Delhivery says Q1 loss narrowed as demand rose, expenses ... - Reuters

Indian logistics firm Delhivery reported a narrower quarterly loss of 894.8 million rupees ($10.82 million) compared to 3.99 billion rupees last year. This was due to a rebound in demand for online shopping and lower operational costs. Delhivery's revenue from contracts with customers increased by 13.2% to 20.31 billion rupees. Analysts predict that India's e-commerce shipments market will double by 2026, benefiting companies like Delhivery. Revenue from express parcel services grew by 14%. Shares of Delhivery rose by 5.7% after the results were announced.

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