Sandeep Barasia, the Executive Director and Chief Business Officer, has opted to resign to explore other ventures, with his departure scheduled for June 30. Throughout FY24, Delhivery demonstrated significant progress in enhancing its financial performance, narrowing its loss after tax to Rs 249 crore from Rs 1,008 crore in the preceding fiscal year. CEO Sahil Barua emphasized FY24 as a pivotal period marked by consistent service delivery, improved profitability, substantial capital investments, and significant working capital improvement. The company's revenue for FY24 reached Rs 8,142 crore, showcasing a robust 13% growth compared to FY23.

In addition, Barua cautioned analysts against using the current quarter's performance as a predictor for the subsequent six quarters, citing external factors beyond the company's control. Notably, Delhivery experienced strong growth in both supply chain services and truckload services during Q4 FY24, with revenues soaring by 25% and 59%, respectively. These results underscore Delhivery's resilience and adaptability in navigating challenging market conditions while continuing to expand its service offerings and bolster its position in the supply chain industry.