Delhivery shares surge 14% on turning profitable in March quarter

Shares of the logistics solution provider, Delhivery, rose as much as 14.54% to hit an intraday high of ₹367 on the BSE after it reported strong set of earnings in January-March quarter post market hours on Friday, May 16.

Delhivery turned profitable in fourth quarter of financial year 2024-25 after it reported a net profit of ₹73 crore against loss of ₹68 crore in the same period last year. Its revenue from operations during the Q4 rose 6% to ₹2,192 crore versus ₹2,075 crore.

The company reported strong operational performance as its earnings before interest, taxes, depreciation and amortisation (EBITDA) also known as operating profit jumped 160% to ₹119 crore from ₹46 crore in the year-ago period.

Its EBITDA margin improved by 320 basis points to 5.43% at the end of March quarter from 2.21% in the same period last year.

During the quarter, Delhivery made 177 million express parcel shipments and carried 458K tonnes of PRL freight tonnage, the company said in a press release.

Meanwhile, the Gurugram-based company informed exchanges that it has appointed Suraj Saharan, co-founder and the current Chief People Officer of the Company, as a Whole-time Director on its Board, effective immediately.

Saharan has previously run operations and has led the company’s entry into the full truckload segment at its inception. In his current role as Chief People Officer, he is responsible for fostering Delhivery’s high performance culture and driving the company’s talent strategy, Delhivery said.

As of 10:25 am, Delhivery shares traded 12.08% higher at ₹360, outperforming the BSE500 index which was trading on a flat note.