Delhivery shares rally 5% as Q1 profit jumps 68% YoY; Motilal Oswal raises target price

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Delhivery shares rallied 5% to an intraday high of Rs 451.50 on the BSE on Monday after the third-party logistics firm reported a 68.5% year-on-year rise in net profit to Rs 91 crore for the June quarter, driven by tighter operations and stable revenues.

Operating revenue grew 5.6% YoY to Rs 2,294 crore, while its core express parcel segment saw a 14% volume increase, reaching 208 million shipments.

In the post-earnings call, CEO Sahil Barua said the impact of Delhivery’s acquisition of Ecom Express would reflect in the July-September quarter. The Rs…



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Delhivery shares rally 5% as Q1 profit jumps 68% YoY; Motilal Oswal raises target price



Delhivery shares rallied 5% to an intraday high of Rs 451.50 on the BSE on Monday after the third-party logistics firm reported a 68.5% year-on-year rise in net profit to Rs 91 crore for the June quarter, driven by tighter operations and stable revenues.

Operating revenue grew 5.6% YoY to Rs 2,294 crore, while its core express parcel segment saw a 14% volume increase, reaching 208 million shipments.

In the post-earnings call, CEO Sahil Barua said the impact of Delhivery’s acquisition of Ecom Express would reflect in the July-September quarter. The Rs…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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