Delhivery Share price zooms nearly 15% post Q4 results

Delhivery shares zoomed nearly 15 per cent following 5.8 per cent increase in consolidated profit after tax for the quarter ended March 2025 at ₹72.5 crore.

The company recorded a loss of ₹68.5 crore in the corresponding quarter last year.

As per the financial statement, its revenue from contracts rose to ₹2,192 crore from ₹2,076 crore in the corresponding quarter last year.

Revenue from part truck load grew 24 per cent y-o-y to ₹517 crore in Q4FY25 and the revenue from express parcel rose 3 per cent y-o-y. The shipping volume was up 1 per cent y-o-y to 17.7 crore in the quarter under review.

In FY25, its profit was up at ₹162.1 crore as against the loss of ₹249.1 crore in FY24.

The firm also announced the appointment of Suraj Saharan, co-founder and the current Chief People Officer of the company, as a Whole-time Director on its Board, effective immediately. 

The logistics firm expects volume growth to continue, led by integration of Ecom Express, market share gain from the unorganised sector, and foray into rapid commerce, and further improvement in profitability, led by network utilisation and yield optimisation.

Sahil Barua, MD & Chief Executive Officer, Delhivery, said, “We continue to deliver steady performance in our core transportation businesses. Our ongoing measures to improve profitability are visible in Q4 numbers and we expect continued momentum on this front as growth picks up in FY26.”

ICICI Securities has maintained buy rating at a target price of ₹500 per share. While steadily improving margin trajectory in PTL was apparent over the last 3-4 quarters, the bump-up in Q4FY25 is a positive surprise for investors, the analysts stated. They added express parcel business outlook (organic) materially improved in Q1FY26.

“We think this should improve further as the excess capacity in the industry is extinguished. We think investors will appreciate the clear communication on the integration costs from the acquisition. Overall, Q4FY25 results reinforce our thesis of improving organic market share in express parcel and material margin improvement,” ICICI Securities’ analysts said.

Elara Capital analysts maintained buy at an unchanged target price of ₹387.

The stock traded 13.7 per cent higher on the BSE at ₹362.95, after hitting an intraday high of ₹367.90 (close to upper circuit of ₹369.15).

Published on May 19, 2025