Delhivery Shares Surge to 52-Week High on Robust Q1 Performance

Delhivery Ltd's shares climbed over 5% to hit a 52-week high following a strong first-quarter performance. The logistics firm reported a 67% jump in consolidated net profit to ₹91.04 crore, up from ₹54.35 crore year-over-year. Revenue ROSE 5.6% to ₹2,294 crore, while operating EBITDA surged 53% to ₹149 crore, with margins improving to 6.5%.

Shipment volumes for express parcels grew 14% to 208 million, driving a 10% revenue increase to ₹1,403 crore. Part truck load tonnage and revenue expanded by 15% and 17%, respectively. CEO Sahil Barua attributed profitability gains to operational scale and efficiency, expressing Optimism for the festive season.

Brokerages remain bullish, citing the Ecom Express acquisition and new service rollouts like Delhivery Direct and Rapid. Motilal Oswal highlighted network synergies and reduced capex intensity as key growth drivers.