New Delhi, Aug 4 (PTI) Logistics company Delhivery on Friday said its net loss has narrowed to Rs 89.5 crore in the June 2023 quarter, mainly due to higher income.

It had reported a net loss of Rs 3,99.3 crore during the April-June period of the preceding 2022-23 fiscal, the company said in a regulatory filing.

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The company's total income rose to 2,031.1 crore from Rs 1,794.5 crore in the year-ago quarter.

Loss after tax in the same period narrowed by 78 per cent on a year-on-year basis and 44 per cent on a quarter-on-quarter basis from Rs 159 crore in Q4 FY23, the company said in a separate statement.

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"We won important contracts in Q1, from marquee clients like Havells, TATA Motors, MamaEarth, which we expect to reflect in subsequent quarters," its MD and CEO Sahil Barua said in a statement.

Additionally, the company has appointed Anindya Ghose as an independent director. He currently holds the position of Heinz Riehl Chair Professor of Technology and Marketing at New York University's Leonard N Stern School of Business.

"He (Ghose) is an expert at helping companies on their AI transformation journeys..." the company said.

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