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Delhivery Q3 Results Review: ICICI Securities Reiterates 'Buy' On The Stock, Sees 59% Upside — Here's Why
Delhivery may be a key beneficiary of a potential pickup in e-commerce growth as income tax cuts take effect from FY26, says the brokerage.
11 Feb 2025, 03:25 PM IST 
Delhivery’s Q3FY25 consolidated revenue was Rs 23.8 billion (up 8.6% QoQ/8.4% YoY), in line with our estimates.
(Photo: Rishabh Bhatnagar/NDTV Profit)
Delhivery may be a key beneficiary of a potential pickup in e-commerce growth as income tax cuts take effect from FY26. This is not being recognised at present and could positively surprise investors. We, therefore, maintain target price of Rs 500 and re-iterate Buy.
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