Delhivery’s stock saw a 5% decline in the third quarter, even as the company’s net profit surged by 113% to ₹25 crore. The logistics giant also reported an 8.4% increase in revenue, yet the market reacted with a dip in its share price.
The company disclosed its Q3 financial results on Friday, February 7, after trading hours.
Despite the rise in revenue, Delhivery’s EBITDA declined by 6.2%, settling at ₹102.4 crore compared to ₹109.2 crore in the same period last year. Additionally, its margin contracted to 4.3% from the previous year’s 5%.
Sahil Barua, Managing Director and CEO, commented, “We sustained profitability in Q3 despite industry-wide trends. December recorded our highest shipment volumes since the Spoton merger, a momentum that continued into January. With rising revenue, improving profitability, and a robust logistics network, we remain focused on strengthening our competitive edge in the market.”