Delhivery Ltd Share Price – NSE  / BSE

Logistics, Small Cap

Delhivery has allotted 7,84,927 equity shares under ESOP on 10 December 2024. Consequent to the above allotment, the paid-up share capital of the Company stands increased from Rs. 74,20,23,487/- to Rs. 74,28,08,414/-.

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The key equity barometers reversed all the losses and traded with small gains in early afternoon trade. The Nifty traded above the 23,500 level after hitting day's low of 23,350.40 in mid-morning trade. Media shares slipped after advancing in the previous trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex added 18.05 points or 0.02% to 77,598.36. The Nifty 50 index rose 12.55 points or 0.05% to 23,545.25.

In the broader market, the S&P BSE Mid-Cap index rose 0.25% and the S&P BSE Small-Cap index shed 0.17%.

The market breadth was weak. On the BSE, 1,612 shares rose and 2,345 shares fell. A total of 153 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 3.94% to 15.36. The Nifty 28 November 2024 futures were trading at 23,543.30, at a discount of 1.95 points as compared with the spot at 23,545.25.

The Nifty option chain for the 28 November 2024 expiry showed maximum Call OI of 39 lakh contracts at the 24,000 strike price. Maximum Put OI of 49.1 lakh contracts were seen at 23,000 strike price.

Buzzing Index:

The Nifty Media index shed 0.48% to 1,915.65. The index rose 0.17% in the previous trading session.

Dish TV India (down 3.1%), Saregama India (down 2.94%), Tips Music (down 2.44%), Hathway Cable & Datacom (down 0.76%) and Sun TV Network (down 0.47%), PVR Inox (down 0.4%), Nazara Technologies (down 0.02%) down.

On the other hand, Zee Entertainment Enterprises (up 0.61%), Network 18 Media & Investments (up 0.37%) and Den Networks (up 0.23%) added.

Stocks in Spotlight :

Delhivery shed 0.23%. The company reported consolidated net profit of Rs 10.20 crore in Q2 FY25 as compared with net loss of Rs 102.94 crore in Q2 FY24. Reveneue from operations jumped 12.77% to Rs 2,189.7 crore in the second quarter of FY25 as against Rs 1,941.7 crore posted in Q2 FY24.

Swan Energy rallied 4.63%. The company’s consolidated net profit tumbled 39.38% to Rs 51.27 crore on 15.61% decline in revenue from operations to Rs 1032.19 crore in Q2 FY25 over Q2 FY24.

Regis Industries zoomed 11.30% after the company announced that its board had approved the proposal of sub- division of 1 equity share of face value of Rs 10 each into 10 equity shares of face value of Re 1 each.

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Reveneue from operations jumped 12.77% to Rs 2,189.7 crore in the second quarter of FY25 as against Rs 1,941.7 crore posted in Q2 FY24.

The company recorded a profit before exceptional items and tax of Rs 8.62 crore in Q2 FY25 as against loss before exceptional items and tax of Rs 105.01 crore reported in the corresponding quarter last fiscal.

During the quarter, EBITDA stood at Rs 57 crore in Q2 FY25 as against an EBITDA loss of Rs 16 crore recorded in Q2 FY24. EBITDA margin came in at 2.6% in Q2 FY25 as against negative EBITDA margin of 0.8% registered in the same period a year ago.

Delhivery said that express parcel shipments grew 3% YoY to 185 million in Q2 FY25 from 181 million in Q2 FY24. Revenue from express parcel jumped 7% YoY to Rs 1,298 crore in Q2 FY25. Express parcel service EBITDA reduced to 18.2% in Q2 FY25 as against with 16.8% posted in Q2 FY24.

Part Truckload (PTL) revenues grew 27% YoY to Rs 474 crore in Q2 FY25 from Rs 373 crore in Q2 FY24. PTL volumes grew 23% YoY to 427K MT in Q2 FY25 as against 348K MT in Q2 FY24. PTL service EBITDA profitability also continued to improve and expanded to 2.9% in Q2 FY25 from negative EBITDA margin of 4.9% in Q2 FY24.

The company said that the supply chain services (SCS) also saw a dip in revenues sequentially on account of client business seasonality. Revenue from SCS stood at Rs 197 crore, registering a growth of 21% from Rs 164 crore in Q2 FY24. Pipeline continues to be strong in SCS, with multiple active dialogues across electricals, FMCG, e-commerce, auto and other industry verticals.

Truckload service revenue grew by 5% YoY to Rs 158 crore in Q2 FY25 from Rs 150 crore in Q2 FY24. Cross Border services jumped 43% YoY to Rs 59 crore in Q2 FY25 from Rs 41 crore posted in the second quarter of FY24.

Sahil Barua, MD & CEO, said, “The stable volume performance during Q2 FY25 along with the planned seasonal capacity additions we undertook towards the end of the quarter set us up well for the festive season. We saw a significant increase in the Express volumes in October with daily average volumes being 25% higher than the pre-festive sale period.”

Delhivery is India's largest fully-integrated logistics services provider. With its nationwide network covering over 18,700 pin codes, the company provides a wide range of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services.

Shares of Delhivery shed 0.80% to currently trade at Rs 327.70 on the BSE.

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Net profit of Delhivery reported to Rs 10.20 crore in the quarter ended September 2024 as against net loss of Rs 102.94 crore during the previous quarter ended September 2023. Sales rose 12.77% to Rs 2189.73 crore in the quarter ended September 2024 as against Rs 1941.75 crore during the previous quarter ended September 2023.

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