Should buy, sell or hold Delhivery after three-fold rise in net loss in Q1?
The logistics services provider reported a net loss of Rs 399 crore for the quarter ended June 30, a more than three-fold increase from the same period last year. The net loss was Rs 129 crore in the first quarter last year.Revenue from contracts with customers rose by 33 per cent on a yearly basis to Rs 1,746 crore during the quarter. Revenue from services in Q1 FY23 increased by 30 per cent to Rs 1,746 crore from Rs 1,344 crore recorded in Q1 FY22.