Delhivery Reports First Yearly Profit, Q4 Bottom Line Beats Estimates
The margin expanded to 5.4% versus 2.2% in the year-ago period.
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Delhivery Ltd. reported its first profit in a financial year on the back of healthy revenue growth along with a strong performance in the fourth quarter of FY25.
Delhivery reported a net profit of Rs 72.6 crore in the January-March quarter, a positive turnaround from the net loss of Rs 68.5 crore in the corresponding period last fiscal, according to financial results released on Friday. The bottom line beat the Bloomberg consensus estimate of Rs 29 crore.
It was also the fourth consecutive profitable quarter. For the whole fiscal, the profit stood at Rs 162 crore compared to a loss of Rs 249 crore in FY24.
The Gurugram-based company's March quarter revenue saw an increase of 5.6%, reaching Rs 2,192 crore, meeting the estimate of Rs 2,272 crore.
Delhivery Q4 Highlights (Consolidated, YoY)
Revenue up 5.6% to Rs 2,191.6 crore versus Rs 2,075.5 crore (Bloomberg estimate: Rs 2,272 crore).
Ebitda up 160% to Rs 119 crore versus Rs 45.9 crore (Bloomberg estimate: Rs 76.6 crore).
Margin at 5.4% versus 2.2% (Bloomberg estimate: 3.4%).
Net profit of Rs 72.6 crore versus a net loss of Rs 68.5 crore (Bloomberg estimate: Rs 29 crore).
Express Parcel shipment volumes grew 1% and revenue rose 3% to Rs 1,256 crore. Revenue from part truckload increased by 24% on the back of a 19% volume surge. Supply chain services and truckload segments saw revenue decline, while cross-border services rose marginally.
"We continue to deliver steady performance in our core transportation businesses," Chief Executive Officer Sahil Barua said. "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."
Shares of Delhivery closed 1% lower at Rs 320.85 on the BSE, ahead of the results, compared to a 0.24% decline in the benchmark Sensex. The stock has fallen 29% in the last 12 months and by 7% so far this year.
Out of the 24 analysts tracking the company, 19 have a 'buy' rating on the stock and five recommend a 'hold', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 20%.
