Shares of Delhivery fell by 3.82% today, trading at ₹303.05 on the NSE, despite the company reporting a 114% YoY jump in net profit for Q3 FY25. The decline is attributed to a marginal 6.3% YoY drop in EBITDA and concerns over slower-than-expected growth in its core segments.
Key Q3 FY25 Financial Highlights:
- Net Profit: ₹25 crore, up 114% YoY (₹12 crore in Q3 FY24)
- Revenue from Operations: ₹2,378 crore, up 8% YoY (₹2,194 crore in Q3 FY24)
- Sequential Growth: Profit after tax grew 145% compared to ₹10 crore in Q2 FY25
- EBITDA: ₹102 crore, down 6.3% YoY (₹109 crore in Q3 FY24)
Despite achieving profitability for the third consecutive quarter, the decline in EBITDA and ongoing industry challenges weighed on investor sentiment.
Segment-wise Performance:
- Express Parcel Revenue: ₹1,488 crore, up 3% YoY
- Part Truckload Revenue: ₹462 crore, up 22% YoY
- Supply Chain Services Revenue: ₹222 crore, up 29% YoY
- Truckload Service Revenue: ₹160 crore, up 5% YoY
- Cross-border Services Revenue: ₹43 crore, up 12% YoY
Management Commentary:
Sahil Barua, MD & CEO, noted that December marked the highest volume month for the Part Truckload segment since the integration of Spoton. He also emphasized Delhivery’s growing profitability, strong network, and competitive positioning despite industry headwinds.
Stock Details:
- Current Price: ₹303.05
- Previous Close: ₹315.10
- Percentage Change: -3.82%
- Day Range: ₹305.10 – ₹321.00
- Year Range: ₹305.10 – ₹485.00
- Market Cap: ₹227.28 billion
Delhivery’s continued focus on volume growth and profitability amidst macroeconomic challenges suggests potential long-term recovery, but short-term concerns over EBITDA may keep the stock volatile.
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