Latest news with #EcomExpress
News18
5 days ago
- Business
- News18
Delhivery Share Price Surges Over 6.1%, Hits 52-Week High After Strong Q1 Earnings; Check Price Target
Brokerages remain upbeat on Delhivery after the logistics company delivered a strong operational and financial performance in the June 2025 quarter. Delhivery Share Price: Shares of logistics company Delhivery on August 4, Monday, surged by 6.12% to trade at its 52-week high of Rs 455.2 apiece on the NSE. The jump in stock price comes after the company posted better-than-expected Q1 results, followed by a bullish outlook by brokerage firms. The logistics firm reported a 5.6 per cent increase in consolidated revenue to Rs 2,294 crore in Q1FY26. The company's net profit surged 67.5 per cent to Rs 91 crore, compared with Rs 54.4 crore in the same quarter last year. Following this, brokerage firms shares bullish notes on the stock, thus raising buying in the stocks. Brokerages remain upbeat on Delhivery after the logistics company delivered a strong operational and financial performance in the June 2025 quarter. JM Financial, while calling the company's Q1FY26 performance 'decent", noted that revenue of Rs 2,290 crore came in slightly below their expectations. However, tight cost control led to adjusted EBITDA margins of 3.3 per cent, 80 basis points higher than the previous quarter and ahead of their forecast by 31 basis points. They flagged the 13.7 per cent annual and 17.5 per cent sequential growth in express parcel volumes as a key positive, boosted by rising market share and a rebound in volumes from clients such as Meesho. JM Financial also expects lower-than-anticipated one-time integration costs for Ecom Express, with volume retention already in the 50-60 per cent range, well above earlier guidance of 30 per cent. The brokerage retained its 'Buy' rating and revised its June 2026 target price upward to Rs 500, citing strong volume visibility and improving margin trajectory. ICICI Securities also struck a bullish tone, noting that the company's growth and profitability exceeded expectations. A rebound in e-commerce demand was visible in the 13.7 per cent Y-o-Y rise in express parcel volumes, up sharply from the muted 2-3 per cent seen during FY25. ICICI highlighted Delhivery's strategic exit from low-margin segments such as supply chain services and cross-border logistics as a positive move. With the Ecom Express merger progressing well and management reaffirming 20 per cent revenue growth guidance for FY26, the brokerage raised its target price to Rs 600 from Rs 430 while maintaining a 'Buy' call, based on a 39x forward EV/EBITDA valuation. Analysts at Nuvama Institutional Equities said Delhivery outperformed both their and street estimates, with EBITDA and PAT rising 53 per cent and 67 per cent year-on-year, respectively. The express parcel segment saw a 10 per cent growth in revenue, driven by a 14 per cent increase in volumes, although yields dipped slightly due to a shift in customer mix. The Part Truck Load (PTL) business also saw a 17 per cent revenue jump, with service EBITDA margins expanding sharply by 720 basis points to 10.6 per cent. Backed by stronger-than-anticipated execution and better-than-guided volume retention from the integration of Ecom Express, Nuvama revised its FY26E and FY27E EPS estimates upward by 52 per cent and 58 per cent, respectively. It upgraded its target price to Rs 525 (from Rs 430) and maintained a 'Buy' rating, assigning a 30x June 2027 EV/EBITDA multiple. The IPO price of Delhivery, which was listed on the BSE and the NSE in May 2022, was fixed at Rs 487 apiece. view comments Location : New Delhi, India, India First Published: August 04, 2025, 11:01 IST News business » markets Delhivery Share Price Surges Over 6.1%, Hits 52-Week High After Strong Q1 Earnings; Check Price Target Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
&w=3840&q=100)
Business Standard
5 days ago
- Business
- Business Standard
Delhivery delivers in Q1: Stock hits 52-wk high, brokerages raise target
Brokerages on Delhivery Q1 results: Logistics player Delhivery shares surged up to 5.32 per cent to hit a fresh 52-week high of ₹452.75 on Monday, August 4, 2025, following the company's better-than-expected performance in the June quarter (Q1FY26). The Delhivery share was trading 3.38 per cent higher at ₹444.40 around 9:40 AM, considerably outperforming the BSE Sensex, which was up 0.34 per cent. Brokerages remained bullish on Delhivery post Q1FY26 results, with most of them raising earnings estimates and target prices on the back of volume-led growth, improving margins, and positive guidance. Brokerage takeaways Analysts at Nuvama Institutional Equities said Delhivery delivered a strong Q1, with Ebitda and PAT up 53 per cent and 67 per cent Y-o-Y, respectively – exceeding both their and consensus estimates. Express parcel revenue rose 10 per cent Y-o-Y on the back of a 14 per cent volume increase, even as yields dipped slightly due to a change in customer mix. Meanwhile, the Part Truck Load (PTL) segment posted a 17 per cent rise in revenue, and its service Ebitda margin improved 720 basis points (bps) to 10.6 per cent. Citing stronger-than-expected execution and volume retention from the integration of Ecom Express, Nuvama raised its FY26E and FY27E EPS estimates by 52 per cent and 58 per cent, respectively. They assigned a 30x Jun-27E EV/Ebitda multiple and upgraded their target price to ₹525 (from ₹430), maintaining a 'Buy' rating. ICICI Securities echoed the sentiment, noting that Delhivery beat expectations on both growth and profitability. Express parcel volumes rose 13.7 per cent Y-o-Y in Q1, up from a modest 2–3 per cent in FY25, which they believe signals a strong recovery in e-commerce activity and further consolidation in the segment. While PTL revenue grew 17 per cent Y-o-Y, in line with seasonal expectations, margins stayed resilient. . ICICI also pointed out Delhivery's strategic shift away from low-margin segments like Supply Chain Services (SCS) and cross-border logistics. With Ecom Express integration progressing well and management reiterating 20 per cent revenue growth guidance for FY26, they raised the target price to ₹600 (from ₹430) and reaffirmed a 'Buy' rating, assigning a 39x forward EV/Ebitda multiple. JM Financial termed Delhivery's Q1FY26 performance 'decent,' despite revenue of ₹2,290 crore coming in 4.9 per cent below their estimates. However, better-than-expected cost control pushed adjusted Ebitda margins to 3.3 per cent – 80 bps higher sequentially and 31 bps above their forecast. The 13.7 per cent Y-o-Y and 17.5 per cent Q-o-Q rise in express parcel shipments was a standout, supported by market share gains and normalisation of Meesho's volumes. The brokerage also highlighted that one-time integration costs for Ecom Express are likely to be lower than previously expected, with volume retention already at 50-60 per cent–well above the earlier guidance of ~30 per cent. JM Financial retained a 'BUY' rating and raised its target price to ₹500 (June 2026), citing strong volume growth visibility and improving margin trajectory. What worked for Delhivery in Q1FY26? Delhivery posted a revenue of ₹2,294 crore in Q1FY26, up 6 per cent Y-o-Y. Ebitda rose 53 per cent Y-o-Y to ₹149 crore, with margins improving to 6.5 per cent from 4.5 per cent. PAT surged 67 per cent Y-o-Y to ₹91 crore. Express parcel volumes rose to 208 million, while the PTL segment handled 458,000 metric tonnes – up 15 per cent Y-o-Y. However, revenue in segments like Supply Chain Services (₹205 crore), Truckload (₹148 crore), and Cross Border Services (₹24 crore) declined Y-o-Y. 'We're pleased with the strong start to the financial year. The improved profitability as a result of operating at a higher scale reaffirms the inherent operating leverage linked efficiencies in our business. We look forward to the upcoming festive sale season with optimism,' said Sahil Barua, MD and chief executive officer (CEO). Looking ahead, Delhivery plans to double its Rapid store count to 40 by FY26-end, with current monthly revenue run-rate at ₹1.2 crore. The Direct business also continues to gain traction in key cities like Ahmedabad, NCR, and Bengaluru. With multiple brokerages raising targets and earnings estimates, and with management commentary indicating optimism for Q2 on the back of Ecom Express integration and the upcoming festive season, the outlook for Delhivery remains robust. Most analysts suggest using any dips as buying opportunities.
India Today
5 days ago
- Business
- India Today
Dehlivery shares rally up to 5% after Q1 results. Should you buy?
Dehlivery shares jumped nearly 5% intraday on Monday, touching Rs 451.50 on the BSE, after the logistics major posted a sharp improvement in quarterly profit. The company reported a 68.5% year-on-year rise in net profit to Rs 91 crore for the April–June quarter, driven by tighter cost controls and improved operating rose a modest 5.6% to Rs 2,294 crore, but the express parcel segment—the company's backbone—showed resilience with a 14% rise in shipment volumes, reaching 208 million Sahil Barua, in a post-results call, said the ongoing Rs 300-crore acquisition of Ecom Express is on track, with integration costs expected to be lower than previously estimated. Notably, he said Ecom Express is now retaining 50–60% of its volumes post-deal—well above the ~30% originally guided. The full financial impact of the acquisition will reflect in the July–September quarter. The company also announced board changes: Srivatsan Rajan, its longest-serving independent director, will step down at the end of September. PB Fintech founder Yashish Dahiya and academic Padmini Srinivasan will join as independent Financial's Sachin Dixit termed the performance 'decent,' highlighting that despite revenue falling 4.9% short of estimates, cost efficiencies led to a margin beat. Adjusted EBITDA rose to Rs 754 crore with a margin of 3.3%, an 80-basis point improvement over the previous noted that express parcel shipment volumes grew 13.7% YoY and 17.5% QoQ—early signs that market consolidation and a pause in Meesho's insourcing are benefiting Delhivery. He reiterated a 'BUY' rating with a raised June 2026 target price of Rs 500, citing improved margin visibility, reduced capex intensity, and a more favourable industry Oswal Financial Services also retained its 'Buy' rating, citing scalable growth with margin expansion and synergies from recent acquisitions. It forecasts a 14% CAGR in revenue, 38% in EBITDA, and 53% in adjusted PAT from FY25–28, with margins stabilising between 16–18%.Delhivery shares have gained 23% year-to-date and 41% over the past three months, but remain 32% below their three-year high. At a market cap of Rs 32,092 crore, the stock is drawing renewed investor interest amid signs of recovery in core operations.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
Mint
5 days ago
- Business
- Mint
Delhivery share price rises 5% to 52-week high on strong Q1 results; should you buy now?
Shares of logistics major Delhivery surged 5 percent on Monday, August 4, to hit a 52-week high of ₹ 451.50, following the announcement of its June quarter results (Q1FY26). The upbeat performance—driven by improved margins, volume expansion, and operational efficiency—sent investor sentiment soaring. Delhivery reported a 68.5 percent year-on-year rise in net profit to ₹ 91 crore, aided by stable revenues and tighter operations. Revenues grew 6 percent YoY to ₹ 2,294 crore, driven by solid volume growth across business verticals. Operating profit (EBITDA) for the quarter rose by 53 percent to ₹ 149 crore, while EBITDA margin expanded to 6.5 percent from 4.5 percent last year. The company's Express Parcel business, a key growth driver, saw shipments rise 14 percent YoY to 208 million, contributing to a 10 percent revenue jump to ₹ 1,403 crore. Its part truckload (PTL) business also performed well, with tonnage and revenue increasing 15 percent and 17 percent, respectively. Service EBITDA margin for PTL improved sharply to 10.7 percent, up from 3.2 percent in Q1FY25. CEO Sahil Barua, during the post-earnings call, said that the integration of Ecom Express, acquired for ₹ 300 crore, will begin reflecting from the July–September quarter and will be spread over six months. The deal is expected to boost Delhivery's 3PL market share by around 25 percent, as Ecom Express handled almost half of Delhivery's volume. In a separate development, the company announced that Srivatsan Rajan, the longest-serving independent director, will step down by September-end. Yashish Dahiya, founder of PB Fintech, and Padmini Srinivasan will join the board as independent directors. Motilal Oswal Financial Services (MOFS) maintained its 'Buy' rating and raised the target price to ₹ 500 from ₹ 480. The brokerage highlighted Delhivery's scalable growth, improved margins, and strong network synergies. MOFS believes the company's core transport businesses will continue to drive profit-accretive growth, bolstered by asset optimisation and strategic acquisitions. It projects margin sustainability of 16–18 percent over the next two years, and forecasts a CAGR of 14 percent in revenue, 38 percent in EBITDA, and 53 percent in adjusted PAT for FY25–28. Meanwhile, Kotak Institutional Equities also echoed a bullish stance with a 'Buy' rating and ₹ 500 target. The brokerage noted a 77 percent sequential rise in profit before tax, despite challenges like adverse weather, operational disruptions from Operation Sindoor, and wage hikes. Kotak credited Delhivery's business model efficiency, highlighting that Express Parcel volume additions were absorbed seamlessly within existing networks and without increasing overheads. It also pointed to the continuing ramp-up in the PTL (part truckload) segment as a key driver, reinforcing Delhivery's growing ability to handle volume variability. The firm sees further upside as the company reorients its portfolio and scales up investments in supply chain services and new business lines. In contrast, Jefferies maintained an 'Underperform' rating with a price target of ₹ 350. The firm flagged that Q1 EBITDA missed estimates by 35 percent, primarily due to a timing mismatch in volume realisation from the Ecom Express acquisition. Adjusting for the 30 million Ecom volumes, Jefferies said Express Parcel growth was roughly in line with its projections. However, it noted that logistics costs form a significant part of total sales for e-commerce marketplaces, making operational efficiency critical. This, the brokerage said, remains a structural overhang for third-party logistics players like Delhivery. The stock jumped as much as 5 percent to its day's high of ₹ 451.50, also its 52-week high. It has now risen over 90 percent from its 52-week low of ₹ 236.80, hit in March 2025. Delhivery shares have gained 23% year-to-date and added just 3.3% in the last one year. It rose 11 percent in July, extending gains for 5th straight month. It added 7 percent in June, 17 percent in May, 20 percent in April and 2 percent in March. Before that, it fell 5.6 percent in February and 16 percent in January. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
5 days ago
- Business
- Economic Times
Delhivery shares in focus after Q1 net profit jumps 68% YoY; Motilal Oswal raises target price
Delhivery shares will be in focus 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. ADVERTISEMENT 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 300-crore integration process will be spread over six months. Barua added that the acquisition is expected to boost Delhivery's market share in the 3PL segment by around 25%, given Ecom Express handled nearly half of Delhivery's volume. Separately, Delhivery announced that Srivatsan Rajan, its longest-serving independent director, will step down on September 30. Yashish Dahiya, founder of PB Fintech, and Padmini Srinivasan will join the board as independent directors. Also Read: These 10 stocks delivered consistent dividend yields over the last 3 years ADVERTISEMENT Following the Q1 results, Motilal Oswal Financial Services (MOFS) raised Delhivery's target price to Rs 500 from Rs 480, while retaining its 'Buy' rating. The brokerage cited scalable growth with margin expansion and network synergies as key drivers. It expects core transport businesses to continue driving profit-accretive growth, supported by asset optimisation and projects 16–18% margin sustainability over the next two years and forecasts a CAGR of 14% in sales, 38% in EBITDA, and 53% in adjusted PAT (APAT) for FY25–28. Also Read: PNB Housing Finance, RBL Bank among 10 small-cap stocks where FIIs increased stake in Q1 ADVERTISEMENT Delhivery shares have gained 23% year-to-date and surged 41% in the last three months. However, the stock remains 32% lower over the past three years. The company's market capitalisation currently stands at Rs 32,092 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
