The shares of one of the leading and largest integrated logistics services providers jumped 2 percent in the day’s trade following the extension of its operations to Akshaya Patra Foundation.
The shares of Delhivery Limited closed at Rs. 400.35, up 2.59 percent from its previous day’s close price of Rs. 390.25 and its market capitalization is Rs. 29,238 Crores.
Delhivery Limited announced the deployment of DispatchOne through the OS1 platform with Akshaya Patra Foundation which is the world’s largest NGO-run school feeding programme, and the implementation arm of the PM POSHAN Abhiyaan. Akshaya Patra will use the DispatchOne application to execute and track meal distribution from its centralized kitchens to partner schools.
DispatchOne is currently operational across five cities namely Bhubaneswar, Puducherry, Kuppam, Nellore, and Rourkela and the nationwide rollout, powering nearly 2.1 million meals a day, is expected to be completed by mid-2024.
DispatchOne is Delhivery’s flagship last-mile delivery management solution on the OS1 platform. Available in India and the US, the self-service, SaaS solution enables enterprises and SMEs to seamlessly execute planned and on-demand distribution operations. It plans to expand the OS1 product suite with an end-to-end Transportation Management System that will be available later this year
Delhivery Limited is one of the leading and largest integrated logistics services providers in India. It provides a full range of Logistics services, including delivery of express parcels and heavy goods, partial truckload shipping, full truckload shipping, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software.
It has a well-planned operational infrastructure and facilities with over 108 gateways, 30 automated sort centers, 140 service centers, and 3,412 express delivery centers, with a reach to over 18,655 pin codes, with services to over 220+ countries and territories and 30,359 active customers.
In Q2FY24, it generated 62 percent of its revenue from express parcels, 19 percent from partial truckloads, 8 percent from truckloads, 8 percent from supply chain services, and 3 percent from cross-border services.
Its revenue from operations grew 4.98 percent from Rs. 6,882.29 Crores in FY22 to Rs. 7,225.3 Crores in FY23, accompanied by losses of Rs. 1,011 Crores to Rs. 1,007.78 Crores.
Written by: Bharath K.S
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