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Delhivery Q3 Earnings: Consolidated revenue from operations rose 20.3% YoY to Rs 2,194 crore. The numbers were better than expected, as most analysts had estimated a loss for the logistics solutions provider.
Delhivery Ltd announced that it has operationalized its largest mega-gateway in Bhiwandi. The automated gateway has 196 docking stations and is designed to transact over 8,000 tonnes of freight.
Delhivery’s Q2 performance in surface express was robust. Regaining lost wallet share during Spoton’s integration along with yield improvement in the PTL business underpins the management’s focus on improving profitability, analysts said.
Delhivery slipped below Rs 400-mark at Rs 398.50, down 3.63 per cent, before recovering some group. The scrip later traded 2.78 per cent lower at Rs 402.35.
Delhivery Q2: CLSA said revenue Delhivery's sales growth was 3.6 per cent below of its estimate, offset by a decline in supply chain and cross border segment revenue.
Delhivery shares have recovered 46% from their 52-week low of Rs 291 hit on January 27, 2023. They hit a 52-week high of Rs 576.15 on October 13, 2022.
Delhivery share price: On the stock-specific front, Delhivery fell for the second consecutive session. The scrip was last seen trading 2.61 per cent lower at Rs 408.35. Around 25,000 shares changed hands today on BSE, much lower than the two-week average volume of 55,000 shares. Turnover on the counter stood at Rs 1.04 crore, commanding a market capitalisation (m-cap) of Rs 29,937.26 crore.
Delhivery Q1 Earnings: Consolidated revenue from operations increased 10.5% YoY to Rs 1,929 crore. Express parcel shipment volumes grew 19% YoY to 182 million in the quarter. Volumes grew by over 2 million shipments from the March quarter eventhough the June quarter is traditionally a seasonally weak period for the sector