Delhivery Shares Surge After Whopping Profit Growth
Delhivery shares spiked over 7% after announcing a 67% increase in consolidated net profit for the June quarter, reaching Rs 91 crore. The company's revenue grew 6% year-on-year, and it completed an acquisition of Ecom Express for Rs 1,407 crore. Shipment volumes also increased by 14%.
- Country:
- India
Shares of Delhivery experienced a significant surge, climbing over 7% on Monday after the logistics company reported a 67% rise in consolidated net profit for the June quarter, reaching Rs 91 crore. This financial leap was warmly received on the stock markets, with Delhivery's scrip ending the day at Rs 461.55 on the NSE and Rs 461.40 on the BSE.
In terms of trading volume, approximately 2.43 crore shares changed hands on the NSE, and 14.41 lakh shares were traded on the BSE. Delhivery achieved this profit growth despite challenging market conditions, thanks in part to a 6% year-on-year increase in revenue from contracts, totaling Rs 2,294 crore.
The company also completed its acquisition of competitor Ecom Express for Rs 1,407 crore. Moreover, shipment volumes rose by 14% year-on-year, standing at 20.8 crore in Q1FY26. The wider market also reflected positive sentiment, with the BSE Sensex and NSE Nifty posting gains.
(With inputs from agencies.)
- READ MORE ON:
- Delhivery
- shares
- profit
- growth
- logistics
- stock market
- NSE
- BSE
- acquisition
- Ecom Express
ALSO READ
China Tightens Grip on Mineral Exports, Impacting Western Defense Sector
Uttarakhand Prepares for Intense Rainfall: Schools Shut as Precautionary Measure
Historic Taragarh Hill Cleansed: A Crackdown on Encroachments
Mysterious Demise of Peacocks in Tumakuru: A Conservation Concern
India's Cybersecurity Conclave: Shaping the Future of Digital Defense
Google News