Third-party logistics provider Delhivery reported a loss of `50.5 crore in the July-September quarter, compared to a profit of Rs 10.2 crore in the year-ago period, hit by costs related to the integration of Ecom Express. Excluding this one-time cost, the company posted a profit of Rs 59 crore. Delhivery, which completed the Rs 1,369-crore acquisition of Ecom Express in July, recorded a Rs 90-crore loss related to the shutdown of facilities, dismantling and transfer of automation equipment, exit from certain contractual arrangements, and exiting employees. The company continued to estimate the overall integration cost at `300 crore, most of […]
