Synopsis:
Delhivery’s stock fell 9% after Q2 results. Revenue grew 16.8% YoY to Rs. 2,559 Crores, but net profit turned to a Rs. 50.5 Crore loss, compared to profits.
The shares of the Mid-Cap company specializing in providing end-to-end logistics and supply chain services, including express parcel delivery, freight (PTL and FTL), warehousing, and cross-border services, are in focus as the stock has declined upto 9 percent in the intraday trade. In this article, let’s explore the reason behind the fall.
With a market capitalization of Rs. 33,562.19 crores on Thursday, the shares of Delhivery Ltd declined by 8.5 percent, reaching a low of Rs. 443.35 per share compared to its previous closing price of Rs. 484.95 per share.
Reason for the Fall
Delhivery Ltd, engaged in providing end-to-end logistics and supply chain services, including express parcel delivery, freight (PTL and FTL), warehousing, and cross-border services, is in focus as the stock has declined upto 9 percent in the intraday trade following their results.
Here are their announced Q2 results as follows:
Its Revenue from operations rose by 16.8 percent YoY from Rs. 2,190 Crores in Q2FY25 to Rs. 2,559 Crores in Q2FY26, and it rose by 11.5 percent QoQ from Rs. 2,294 Crores in Q1FY26 to Rs. 2,559 Crores in Q2FY26.
From a Net Profit of Rs. 10.2 crores in Q2FY25 turned to a loss of Rs. 50.5 crores in Q2FY26, and in QoQ from a profit of Rs. 91.0 Crores in Q1FY26. The earnings per share (EPS) for the quarterly period stood at negative Rs. 0.67, compared to Rs. 1.22 in the previous quarter.
The company has a low debt-to-equity ratio of 0.17, indicating a strong financial position with minimal leverage. Over the past five years, it has achieved impressive profit growth, with a 19.7% CAGR. Additionally, the company has improved its operational efficiency, reducing its working capital cycle from 118 days to 67.5 days.
Company Overview & Others
Delhivery is India’s largest fully integrated logistics provider, committed to building the operating system for commerce through world-class infrastructure, top-tier logistics operations, and advanced engineering and technology. It offers a range of services from express parcel delivery to supply chain solutions for e-commerce, SMEs, and large enterprises.
Since its founding in 2011, the company has successfully fulfilled over 2 billion orders across the country. With a nationwide presence spanning every state, Delhivery services more than 18,700 pin codes. Its expansive network includes 24 automated sort centers, 94 gateways, 2,880 direct delivery centers, and a dedicated team of over 57,000 employees, enabling deliveries 24/7, 365 days a year.
Delhivery has key corporate locations across India, including Gurgaon (Haryana), Goa, Bangalore (Karnataka), Hyderabad (Telangana), and Mumbai (Maharashtra). These offices support the company’s nationwide logistics and operations network.
Written by Sridhar J
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