Delhivery Shares Hit All-Time Low During Intraday

SUMMARY

The stock is following a downward trend for the last few consecutive sessions even after strong financial results in the third quarter of the current fiscal year (Q3 FY25)

With a fall in its share price, Delhivery’s market capitalisation stood at INR 20,329 Cr at 2:32 PM today

Delhivery’s consolidated net profit zoomed 114% to INR 24.98 Cr in Q3 FY25 from INR 11.70 Cr in the year-ago quarter on the back of strong growth in its revenue

Shares of logistics giant Delhivery crashed over 4% to hit an all-time low of INR 272.00 during the intraday trading session on the BSE today (February 12).

The stock is following a downward trend for the last few consecutive sessions even after strong financial results in the third quarter of the current fiscal year (Q3 FY25).

Brokerages have cut their price targets (PT) on the stock taking a bearish stance, as per NDTV Profit.

Goldman Sachs maintained a ‘neutral’ rating on Delhivery, but lowered its target price to INR 370 from INR 400. Meanwhile, Morgan Stanley downgraded to ‘equal-weight’ from ‘overweight’ and reduced PT to INR 320 from INR 450, as per report.

With a fall in its share price, Delhivery’s market capitalisation stood at INR 20,329 Cr at 2:32 PM today.

Delhivery’s consolidated net profit zoomed 114% to INR 24.98 Cr in Q3 FY25 from INR 11.70 Cr in the year-ago quarter on the back of strong growth in its revenue. Sequentially, net profit surged 145% from INR 10.20 Cr.

It is pertinent to note, this was the third consecutive profitable quarter for Delhivery.

Including other income of INR 98.66 Cr, the company’s total revenue stood at INR 2,476.96 Cr during the quarter ended December 31, 2024.

The company’s EBITDA declined marginally to INR 102 Cr during the quarter under review from INR 109 Cr in Q3 FY24.

Besides, Delhivery recently appointed Namita Thapar, executive director of Emcure Pharmaceuticals, and Sameer Mehta, cofounder and CEO of boAt, as non-executive independent directors on its board. The company said that the appointment will come into effect from February 17, 2025.

Founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan and Kapil Bharati, Delhivery offers last mile, warehousing, freight and transportation services such as express parcel, partial truck load (PTL), full truck load (FTL) and cross border.