The shares of a Logistics company, specializing in supply chain solutions jumped upto 2 percent in following their Q3 results with a 145 percent rise in Profit QoQ.
Price action
With a market capitalization of Rs. 23,552 crores on Monday, the shares of Delhivery Limited jumped up to 2.2 percent making a high of Rs. 321.00 per share compared to its previous closing price of Rs. 315.10 per share.
What Happened
Delhivery Limited specializing in e-commerce logistics, parcel delivery, freight transportation, and warehousing has announced its Q3FY25 results.
Its Revenue from operations grew by 8 percent YoY from Rs. 2,194 Crores in Q3FY24 to Rs. 2,378 Crores in Q3FY25 and it grew by 8.5 percent QoQ from Rs. 2,190 Crores in Q2FY25 to Rs. 2,378 Crores in Q3FY25.
Its Net Profit grew by 113 percent YoY Rs. 11.7 Crores in Q3FY24 to Rs. 25.0 Crores in Q3FY25 and it rose by 145 percent QoQ from Rs. 10.2 Crores in Q2FY25 to Rs. 25.0 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 0.34, compared to Rs. 0.14 in the previous quarter and Rs. 0.16 in the same quarter last year.
About the Company
Delhivery Limited is a leading Indian logistics and supply chain services company, offering end-to-end solutions across the country. The company uses advanced technology and automation to optimize supply chain management. Delhivery caters to a wide range of industries, including retail, pharmaceuticals, and FMCG. It is known for its extensive network, fast delivery capabilities, and innovative solutions in the logistics sector
Key Highlights of Q3
The company handled 412K tons of PTL freight, with a 16.6 percent YoY increase. Express Parcel shipments grew 2.4 percent YoY and 11.2 percent QoQ, reaching 206 million shipments. EBITDA was Rs. 102 crore (4.3 percent margin), while PAT stood at Rs. 25 crore (1.0 percent margin). Delhivery has handled over 3.4 billion Express Parcel shipments and 6.1 million tons of PTL freight since inception.
Written by Sridhar J
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
