Reported Earnings • May 17
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: ₹2.04 (down from ₹2.19 in FY 2025). Revenue: ₹105.1b (up 18% from FY 2025). Net income: ₹1.53b (down 5.8% from FY 2025). Profit margin: 1.5% (down from 1.8% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.5%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Logistics industry in India. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • May 09
Delhivery Limited to Report Q4, 2026 Results on May 16, 2026 Delhivery Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on May 16, 2026 Reported Earnings • Feb 01
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: ₹0.53 (up from ₹0.34 in 3Q 2025). Revenue: ₹28.0b (up 18% from 3Q 2025). Net income: ₹396.1m (up 59% from 3Q 2025). Profit margin: 1.4% (up from 1.1% in 3Q 2025). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 94%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Logistics industry in India. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jan 31
Delhivery Limited Announces Board Changes Delhivery Limited independent director and chairman of its board Deepak Kapoor has resigned from his position with effect from April 1 as a part of the logistics company's planned board reconstitution, according to a filing made with the exchanges. Saugata Gupta, MD and CEO of FMCG company Marico, who is on Delhivery's board as an independent director has also resigned. Kapoor had been Delhivery's chairman for the last eight years and led the company's board when it went public in 2022. Gupta had joined the company's board in 2021. In 2025, the Gurugram-based company had appointed Emcure Pharmaceuticals' whole-time director Namita Thapar, PB Fintech founder and chairman Yashish Dahiya and IIM Bangalore faculty member Padmini Srinivasan on its board as independent directors. Announcement • Jan 23
Delhivery Limited to Report Q3, 2026 Results on Jan 31, 2026 Delhivery Limited announced that they will report Q3, 2026 results at 4:00 PM, Indian Standard Time on Jan 31, 2026 Reported Earnings • Nov 06
Second quarter 2026 earnings released: ₹0.68 loss per share (vs ₹0.14 profit in 2Q 2025) Second quarter 2026 results: ₹0.68 loss per share (down from ₹0.14 profit in 2Q 2025). Revenue: ₹26.5b (up 21% from 2Q 2025). Net loss: ₹503.8m (down ₹605.8m from profit in 2Q 2025). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Logistics industry in India. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
Delhivery Limited to Report Q2, 2026 Results on Nov 05, 2025 Delhivery Limited announced that they will report Q2, 2026 results on Nov 05, 2025 Buy Or Sell Opportunity • Sep 23
Now 21% undervalued Over the last 90 days, the stock has risen 18% to ₹459. The fair value is estimated to be ₹579, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 39% per annum over the same time period. Board Change • Sep 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Yashish Dahiya was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 06
Delhivery Limited, Annual General Meeting, Sep 03, 2025 Delhivery Limited, Annual General Meeting, Sep 03, 2025, at 11:00 Indian Standard Time. Price Target Changed • Aug 04
Price target increased by 8.5% to ₹455 Up from ₹420, the current price target is an average from 24 analysts. New target price is approximately in line with last closing price of ₹461. Stock is up 14% over the past year. The company is forecast to post earnings per share of ₹5.05 for next year compared to ₹2.19 last year. Reported Earnings • Aug 02
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: ₹1.22 (up from ₹0.74 in 1Q 2025). Revenue: ₹24.2b (up 12% from 1Q 2025). Net income: ₹910.5m (up 68% from 1Q 2025). Profit margin: 3.8% (up from 2.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) exceeded analyst estimates by 33%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Logistics industry in India. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Jul 25
Delhivery Limited to Report Q1, 2026 Results on Aug 01, 2025 Delhivery Limited announced that they will report Q1, 2026 results on Aug 01, 2025 Reported Earnings • May 17
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹2.19 (up from ₹3.40 loss in FY 2024). Revenue: ₹89.3b (up 9.7% from FY 2024). Net income: ₹1.62b (up ₹4.11b from FY 2024). Profit margin: 1.8% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 41%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Logistics industry in India. Announcement • May 10
Delhivery Limited to Report Q4, 2025 Results on May 16, 2025 Delhivery Limited announced that they will report Q4, 2025 results on May 16, 2025 Buy Or Sell Opportunity • Apr 23
Now 22% overvalued Over the last 90 days, the stock has fallen 7.3% to ₹303. The fair value is estimated to be ₹249, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 46% per annum over the same time period. Announcement • Apr 05
Delhivery Limited (NSEI:DELHIVERY) agreed to acquire 99.40% stake in Ecom Express Limited for INR 14.1 billion Delhivery Limited (NSEI:DELHIVERY) agreed to acquire 99.40% stake in Ecom Express Limited for INR 14.1 billion on April 5, 2025. A cash consideration of INR 14.07 billion will be paid by Delhivery Limited. As part of consideration, INR 14.07 billion is paid towards common equity of Ecom Express Limited.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. The expected completion of the transaction is within 6 months.
Shardul Amarchand Mangaldas & Co acted as legal advisor for Delhivery Limited. Ernst & Young Private Limited acted as due diligence provider for Delhivery Limited. Announcement • Mar 25
Delhivery Appoints Milind Sharma as Head of Rapid Commerce and D2C Brands Delhivery, has announced the appointment of Milind Sharma as head of rapid commerce and D2C brands. Sharma is a serial entrepreneur with over 14 years of experience in high-growth ventures across e-commerce, and quick commerce. Sharma was a founding member of Delhivery in 2012, scaling operations to 100,000 daily orders while leading Business Development. He later co-founded PepperTap, a hyperlocal pioneer that reached $200 Million+ ARR, and Nuvo Logistics, where he expanded the business to $10 Million+ revenue across 75+ cities before its acquisition by Shadowfax, where he led growth and strategy. Most recently, he launched Flyo, a quick commerce platform and Mabel, a jewelry commerce venture. In his new role at Delhivery, Sharma will build out the rapid commerce service as well as oversee Delhivery’s entire product portfolio for direct-to-consumer brand segment. He will also be scaling up Delhivery’s same-day and next-day offerings. Price Target Changed • Feb 12
Price target decreased by 7.9% to ₹414 Down from ₹449, the current price target is an average from 21 analysts. New target price is 51% above last closing price of ₹274. Stock is down 38% over the past year. The company is forecast to post earnings per share of ₹1.57 next year compared to a net loss per share of ₹3.40 last year. Reported Earnings • Feb 08
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: ₹0.34 (up from ₹0.16 in 3Q 2024). Revenue: ₹24.8b (up 13% from 3Q 2024). Net income: ₹249.9m (up 114% from 3Q 2024). Profit margin: 1.0% (up from 0.5% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 59%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Logistics industry in India. Announcement • Feb 08
Delhivery Limited Appoints Namita Thapar as Additional Director Delhivery Limited announced that submitted on February 7, 2025, in relation to appointment of Ms. Namita Thapar (DIN: 05318899) as an Additional Director under the category of Independent Director of the Company. In this regard, the company wish to clarify that inadvertently in her brief profile, it was mentioned that she is the Executive Director and CEO of India Business of Emcure Pharmaceuticals Limited. Please note that she is the Whole-time Director of Emcure Pharmaceuticals Limited and heading its India Business. Announcement • Feb 07
Delhivery Limited Announces Appointment of Vani Venkatesh as Chief Business Officer, Effective February 28, 2025 Delhivery Limited announced that at the the Board at its meeting held on February 07, 2025, considered and approved the appointment of Vani Venkatesh as Chief Business Officer, effective February 28, 2025. Vani brings in over two decades of experience across industry verticals, having served companies like Airtel, McKinsey, Unilever & Abbott Nutrition in leadership roles. She previously served Airtel in various management roles including CEO for Global Business, CEO for Delhi NCR Region, Chief Marketing Officer & CEO for their Retail Business. She has also served as a Board member at Nxtra by Airtel and Bharti Telemedia Ltd. and has represented Airtel on Boards of global leadership forums. She holds a Post Graduate Diploma in Management from the Indian Institute of Management, Bangalore. She is also a qualified Chartered Accountant, Cost and Works Accountant and Company Secretary. Announcement • Jan 31
Delhivery Limited to Report Q3, 2025 Results on Feb 07, 2025 Delhivery Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Announcement • Jan 16
Delhivery Launches Rapid Commerce, A 2-Hour Delivery Service, for Brands Delhivery has launched Rapid Commerce - a sub 2-hour delivery service for brands looking to fulfill the increasing demand for faster order deliveries by consumers. The service, launched first in Bengaluru, has already started processing over 300 orders daily, demonstrating strong early demand for the offering. For D2C brands, retailers and e-commerce brands - the service enables them to offer significantly faster delivery times, thereby improving customer experience on their own platform. Announcement • Jan 07
Delhivery Limited Appoints Karan Parekh as Head of Digital Marketing Delhivery Limited appointed Karan Parekh as its Head of Digital Marketing. Parekh, who brings over a decade of expertise in digital marketing, announced his new role via LinkedIn. Prior to joining Delhivery, Parekh served as the Senior Vice President of Marketing at YES BANK, where he played a key role in driving the bank's digital initiatives. His extensive experience spans various domains, including biddable media, social media, search engine marketing (SEM), search engine optimization (SEO), and digital planning. Over the course of his career, Parekh has worked with prominent organizations such as PNB MetLife India Insurance, Axis Bank, Madison Communications, and GroupM, where he honed his skills in creating impactful marketing strategies and delivering measurable results. At Delhivery, Parekh is expected to leverage his vast expertise to enhance the company's digital footprint, optimize marketing efforts, and drive customer engagement in a competitive logistics market. This strategic hire comes as Delhivery continues to strengthen its leadership team to support its ambitious growth and digital transformation objectives. Announcement • Dec 26
Delhivery Limited Announces Executive Appointments Delhivery Limited has made two senior appointments to lead the supply chain services vertical and its logistics software platform OS1, it said in a statement. Navneet Kumar, who spent almost two decades at Deutsche Bank, has joined Delhivery as senior vice president, and will lead the company’s supply chain services business – through which it provides integrated solutions of transportation and warehousing to larger clients. Surajit Das, who was earlier the chief business officer at fintech platform Yubi, has joined Delhivery to head its OS1 platform – a software-as-a-service (SaaS) solution for busi nesses to manage their logistics and supply chain operations. Supply chain services is the third largest business for Delhivery in terms of revenue after express parcel (ecommerce shipments) and part-truck load verticals. Board Change • Dec 09
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Additional Non-Executive Independent Director Aruna Sundararajan was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 02
Delhivery Limited Announces Resignation of Anindya Ghose as Non- Executive Independent Director and Member of the Risk Management Committee Delhivery Limited informed that Mr. Anindya Ghose has submitted his resignation as the Non- Executive Independent Director with effect from December 02, 2024, due to his increased current and upcoming work commitments. Consequently, he shall also cease to be a Member of the Risk Management Committee of the Board of Directors of the Company. Mr. Anindya Ghose has confirmed that there is no material reason for his resignation other than those mentioned in his resignation letter. Reported Earnings • Nov 15
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ₹0.14 (up from ₹1.40 loss in 2Q 2024). Revenue: ₹23.1b (up 19% from 2Q 2024). Net income: ₹102.0m (up ₹1.13b from 2Q 2024). Profit margin: 0.4% (up from net loss in 2Q 2024). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 72%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Logistics industry in India. Announcement • Nov 09
Delhivery Limited to Report Q2, 2025 Results on Nov 14, 2024 Delhivery Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Aug 09
Delhivery Limited, Annual General Meeting, Sep 02, 2024 Delhivery Limited, Annual General Meeting, Sep 02, 2024, at 11:00 Indian Standard Time. Reported Earnings • Aug 03
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: ₹0.74 (up from ₹1.23 loss in 1Q 2024). Revenue: ₹22.8b (up 18% from 1Q 2024). Net income: ₹543.6m (up ₹1.44b from 1Q 2024). Profit margin: 2.4% (up from net loss in 1Q 2024). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Logistics industry in India. Announcement • Jul 26
Delhivery Limited to Report Q1, 2025 Results on Aug 02, 2024 Delhivery Limited announced that they will report Q1, 2025 results on Aug 02, 2024 Announcement • Jul 12
Canada Pension Plan Investment Reportedly to Offload 3.17% Stake in Delhivery through Block Deal Canada Pension Plan Investment Board is likely to offload 3.17% stake in Delhivery Limited (NSEI:DELHIVERY) on July 11, 2024. The issue size is close to INR 8,860 million in the block, according to reports. The shares are being offered at INR 378 – INR 389 apiece. At the end of March 2024 quarter, Canada Pension held about 5.96% stake in the company. Reported Earnings • May 18
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: ₹3.40 loss per share (improved from ₹14.09 loss in FY 2023). Revenue: ₹85.9b (up 19% from FY 2023). Net loss: ₹2.49b (loss narrowed 75% from FY 2023). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Logistics industry in India. Announcement • May 12
Delhivery Limited to Report Q4, 2024 Results on May 17, 2024 Delhivery Limited announced that they will report Q4, 2024 results on May 17, 2024 Price Target Changed • Feb 05
Price target increased by 8.7% to ₹496 Up from ₹457, the current price target is an average from 23 analysts. New target price is 8.9% above last closing price of ₹456. Stock is up 43% over the past year. The company is forecast to post a net loss per share of ₹2.74 next year compared to a net loss per share of ₹14.09 last year. Breakeven Date Change • Feb 05
Forecast breakeven date moved forward to 2025 The 22 analysts covering Delhivery previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 66% to 2024. The company is expected to make a profit of ₹188.5m in 2025. Average annual earnings growth of 79% is required to achieve expected profit on schedule. Reported Earnings • Feb 03
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ₹0.16 (up from ₹2.65 loss in 3Q 2023). Revenue: ₹23.3b (up 28% from 3Q 2023). Net income: ₹117.1m (up ₹2.07b from 3Q 2023). Profit margin: 0.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Logistics industry in India. Announcement • Jan 26
Delhivery Limited to Report Q3, 2024 Results on Feb 02, 2024 Delhivery Limited announced that they will report Q3, 2024 results on Feb 02, 2024 Announcement • Nov 17
Softbank Reportedly Set to Sell Delhivery Stake Worth $150 Million in Fresh Block Deal Masayoshi Son-led Japanese tech giant SoftBank Group Corp. (TSE:9984) is planning to sell part stake in leading logistics service provider Delhivery Limited (NSEI:DELHIVERY) and mop up around $150 million, multiple industry sources in the know told Moneycontrol. Moneycontrol was the first to report the story earlier on November 16. "Softbank is looking to sell around 4% stake in Delhivery via the block deal route. The deal size is around $150 million," said one of the persons above. Two other persons confirmed the block deal plans and added that Kotak Mahindra Capital Company Limited was the advisor to the proposed transaction. The three persons above spoke to Moneycontrol on the condition of anonymity. Softbank, Delhivery and Kotak Mahindra Capital could not be reached immediately for a comment. Softbank entity SVF Doorbell (Cayman) Ltd. currently holds 14.46% stake in Delhivery. Reported Earnings • Nov 05
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: ₹1.40 loss per share (improved from ₹3.43 loss in 2Q 2023). Revenue: ₹19.4b (up 8.1% from 2Q 2023). Net loss: ₹1.03b (loss narrowed 60% from 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 87%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Logistics industry in India. Announcement • Oct 28
Delhivery Limited to Report Q2, 2024 Results on Nov 04, 2023 Delhivery Limited announced that they will report Q2, 2024 results at 4:00 PM, Indian Standard Time on Nov 04, 2023 Breakeven Date Change • Oct 25
Forecast to breakeven in 2026 The 19 analysts covering Delhivery expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ₹2.73b in 2026. Average annual earnings growth of 84% is required to achieve expected profit on schedule. Announcement • Sep 28
Delhivery Limited Announces Retirement of Donald Francis Colleran, Non-Executive Director Delhivery Limited announced that at its AGM held on September 27, 2023, noted that Mr. Donald Francis Colleran, Non-Executive Director, retires by rotation and doesn't seek re-appointment citing other commitments, and to resolve not to fill the resultant vacancy on the Board. Breakeven Date Change • Sep 21
Forecast to breakeven in 2026 The 19 analysts covering Delhivery expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ₹2.29b in 2026. Average annual earnings growth of 66% is required to achieve expected profit on schedule. Breakeven Date Change • Sep 19
No longer forecast to breakeven The 3 analysts covering Delhivery no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of ₹2.10b in 2026. New consensus forecast suggests the company will make a loss of ₹2.29b in 2026. Announcement • Sep 14
Delhivery Launches Locateone - A Location Intelligence Solution for Businesses, Expands Its Os1 Software Suite Delhivery Ltd. has announced the launch of `LocateOne' - a location intelligence solution, to expand its software offerings on the OS1 platform. Earlier this year, the company had released `DispatchOne' - a delivery management solution, as the first offering on OS1. OS1 offers a full suite of software solutions for businesses to run their logistics and supply chain operations efficiently. Developed in-house, the OS1 platform is backed by Delhivery's 10+ years of experience in building cutting-edge technology solutions for logistics. With this launch, the software platform now offers two solutions: `LocateOne' and `DispatchOne'. LocateOne is an API-based location intelligence stack that enriches inaccurate and poor-quality address data, improves rooftop accuracy, and helps reduce address fraud across businesses in Retail, CPG, eCommerce, Fintech, Banking, and Financial Services. It is built on top of Delhivery's patented address disambiguation and address identification technology. DispatchOne is a SaaS-based delivery management solution for CEP (Courier Express Parcel) players and businesses in FMCG, Consumer Durables, Retail, and Manufacturing to optimize delivery and distribution operations. It enables businesses to get centralized, real-time visibility across orders and reduce operational costs through optimal resource utilization. Announcement • Aug 27
Delhivery Limited, Annual General Meeting, Sep 27, 2023 Delhivery Limited, Annual General Meeting, Sep 27, 2023, at 11:00 Indian Standard Time. Announcement • Aug 25
Delhivery Limited Announces Resignation of Suvir Suren Sujan as Non-Executive Director, and Member of the Audit Committee and Nomination & Remuneration Committee of the Board Delhivery Limited announced that Mr. Suvir Suren Sujan has resigned as the Non-Executive Director of the company, with effect from August 24, 2023, citing pre-occupation and other commitments. Consequently, he shall also cease to be a Member of the Audit Committee and Nomination & Remuneration Committee of the Board. The Board of Directors in their meeting on August 24, 2023, has noted the resignation. Announcement • Aug 21
Delhivery Expands Software-Enabled VAS Offering for Small Businesses with the Launch of Delhivery One Delhivery Ltd. has announced the launch of Delhivery One - a digital shipping platform experience designed to meet the diverse needs of micro and small enterprises, in addition to large D2C e-commerce brands across the country. Delhivery One integrates and unifies multiple shipping services that businesses need, such as post-purchase communication, analytics, international shipping, one-click integration with sales channels, NDR management, and more. It allows smaller businesses to ship without a minimum order value and with a minimum wallet recharge of INR 500. It also offers discounted shipping rates on heavier parcels above 5 kg. Delhivery One enables small businesses to seamlessly ship to more than 220 countries, leveraging Delhivery's partnership with FedEx. Breakeven Date Change • Aug 06
Forecast to breakeven in 2026 The 21 analysts covering Delhivery expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ₹960.1m in 2026. Average annual earnings growth of 71% is required to achieve expected profit on schedule. Reported Earnings • Aug 05
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: ₹1.23 loss per share (improved from ₹5.87 loss in 1Q 2023). Revenue: ₹20.3b (up 16% from 1Q 2023). Net loss: ₹894.8m (loss narrowed 78% from 1Q 2023). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 47%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Logistics industry in India. Announcement • Aug 05
Delhivery Limited Announces Cessation of Office of Donald Francis Colleran, Non-Executive Non-Independent Director Delhivery Limited announced that Mr. Donald Francis Colleran (DIN: 09431299), a Non-Executive Non-Independent Director of the Company, has expressed his unwillingness to be re-appointed due to his present & upcoming commitments elsewhere. In their ongoing meeting on August 4th, 2023, the Board of Directors has recommended to the shareholders that Mr. Colleran not be reappointed and that the vacancy resulting from his retirement not be filled. It may be noted that this cessation will take effect from the date of the upcoming 12th Annual General Meeting (AGM). Mr. Colleran will remain a director on the board until the forthcoming 12th AGM. Announcement • Jul 29
Delhivery Limited to Report Q1, 2024 Results on Aug 04, 2023 Delhivery Limited announced that they will report Q1, 2024 results at 4:00 PM, Indian Standard Time on Aug 04, 2023 Breakeven Date Change • Jul 11
Forecast to breakeven in 2026 The 20 analysts covering Delhivery expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ₹1.10b in 2026. Average annual earnings growth of 78% is required to achieve expected profit on schedule. Announcement • Jun 22
Carlyle Reportedly to Sell Entire Stake in Delhivery Via Block Deal The Carlyle Group Inc. (NasdaqGS:CG) is likely to offload its entire stake in internet logistics firm Delhivery Limited (NSEI:DELHIVERY) through a block deal, according to reports. Under the proposed deal, Carlyle will shed about 1.84 crore shares or 2.53% stake in the company. The offer price is set at INR 385.5 apiece, which is at a minor discount of 0.6% from the last traded price. Through the stake sale, Carlyle is likely to earn about INR 7,090 million. Carlyle Group, a global alternative asset manager, had acquired a significant minority stake in Delhivery in March 2017. In November last year, CA Swift Investments had divested a 2.5% stake Delhivery for INR 6,070 million through the open market transaction. Announcement • May 21
Delhivery Limited Appoints Vivek Kumar as Company Secretary and Compliance Officer, Effective June 01, 2023 Delhivery Limited announced that Mr. Vivek Kumar has been appointed as Company Secretary and Compliance Officer of the Company w.e.f. June 01, 2023. Vivek Kumar is a member of the Institute of Company Secretaries of India with overall experience of 16+ years. He has been working with the Company since May, 2021, as Director-Corporate Affairs. Prior to joining Delhivery, he has working experience with reputed groups like ITC, Dell, GMR Airports etc. Reported Earnings • May 21
Full year 2023 earnings released: ₹14.09 loss per share (vs ₹16.98 loss in FY 2022) Full year 2023 results: ₹14.09 loss per share (improved from ₹16.98 loss in FY 2022). Revenue: ₹75.3b (up 9.4% from FY 2022). Net loss: ₹10.1b (flat on FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Logistics industry in India. Announcement • May 13
Delhivery Limited to Report Q4, 2023 Results on May 19, 2023 Delhivery Limited announced that they will report Q4, 2023 results on May 19, 2023 Announcement • May 05
Delhivery Limited Announces Resignation of Sunil Kumar Bansal as Company Secretary and Compliance Officer, Effective May 31, 2023 Delhivery Limited informed that Mr. Sunil Kumar Bansal has tendered his resignation from the position of Company Secretary & Compliance Officer of the Company (who was appointed pursuant to Section 203 of Companies Act, 2013 and other applicable regulations of Securities & Exchange Board of India) of the Company. His resignation has been accepted by the Company on May 03,2023 and he will be relieved from his services effective May 31, 2023. The Company is in the process of appointing suitable candidate for his replacement by May 31, 2023. Breakeven Date Change • Mar 31
Forecast to breakeven in 2026 The 16 analysts covering Delhivery expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of ₹257.7m in 2026. Average annual earnings growth of 63% is required to achieve expected profit on schedule. Reported Earnings • Feb 12
Third quarter 2023 earnings released: ₹2.65 loss per share (vs ₹2.18 loss in 3Q 2022) Third quarter 2023 results: ₹2.65 loss per share (further deteriorated from ₹2.18 loss in 3Q 2022). Revenue: ₹18.2b (down 8.6% from 3Q 2022). Net loss: ₹1.96b (loss widened 55% from 3Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Logistics industry in India. Announcement • Feb 11
Delhivery Limited Announces Resignation of Jaisingh Morparia as Non-Executive Independent Director, Chairperson and Member of Nomination and Remuneration Committee and CSR & Sustainability Committee, Effective February 11, 2023 Delhivery Limited announced resignation of Ms. Kalpana Jaisingh Morparia as Non-Executive Independent Director of the Company with effect from February 11, 2023. Resignation due to her current and some upcoming commitments and there is no other reason for resignation. Consequent upon her resignation from Board of Directors she will also cease to be Chairperson and Member of the following Committees of the Board w.e.f. February 11, 2023: 1. Nomination and Remuneration Committee 2. CSR & Sustainability Committee. The list of Board w.e.f. February 11, 2023: Mr. Deepak Kapoor, Chairperson & Non-Executive Independent Director, Mr. Romesh Sobti, Mr. Saugata Gupta, Mr. Srivatsan Rajan Ms. Aruna Sundararajan as Non-Executive Independent Director, Mr. Sahil Barua, Managing Director & Chief Executive Officer, Mr. Sandeep Kumar Barasia, Executive Director & Chief Business Officer, Mr. Kapil Bharati, Executive Director & Chief Technology Officer, Mr. Suvir Suren Sujan, Non-Executive Director and Mr. Donald Francis Colleran, Non-Executive Director. Announcement • Feb 03
Delhivery Limited to Report Q3, 2023 Results on Feb 10, 2023 Delhivery Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Announcement • Dec 21
Delhivery Limited (NSEI:DELHIVERY) agreed to acquire Algorhythm Tech Private Limited for approximately INR 150 million. Delhivery Limited (NSEI:DELHIVERY) agreed to acquire Algorhythm Tech Private Limited for approximately INR 150 million on December 19, 2022. The Consideration will be paid in cash. Upon completion of the acquisition, Algorhythm Tech will become wholly owned subsidiary of the Company. The acquisition will be funded from the proceeds raised through the initial public offer. Algorhythm Tech Private Limited Reported a Turnover of INR 36 crores in FY22. The transaction has been Approved by Delhivery's Board of Directors. The transaction is expected to Close on January 31, 2023. Breakeven Date Change • Nov 16 The 13 analysts covering Delhivery previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 36% per year to 2024. The company is expected to make a profit of ₹2.74b in 2025. Average annual earnings growth of 85% is required to achieve expected profit on schedule.
Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Additional Non-Executive Independent Director Aruna Sundararajan was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings released Second quarter 2023 results: ₹3.43 loss per share. Net loss: ₹2.54b (flat on 2Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Logistics industry in India. Announcement • Aug 23
Delhivery Limited, Annual General Meeting, Sep 29, 2022 Delhivery Limited, Annual General Meeting, Sep 29, 2022, at 11:00 Indian Standard Time. Breakeven Date Change • Aug 11
Forecast breakeven date pushed back to 2025 The 10 analysts covering Delhivery previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 64% per year to 2024. The company is expected to make a profit of ₹2.42b in 2025. Average annual earnings growth of 84% is required to achieve expected profit on schedule. Announcement • Aug 03
Delhivery Limited to Report Q1, 2023 Results on Aug 08, 2022 Delhivery Limited announced that they will report Q1, 2023 results on Aug 08, 2022 Announcement • Jul 09
Delhivery Limited Approves the Appointment of Ms. Aruna Sundararajan as Additional Non-Executive Independent Director Delhivery Limited approved the appointment of Ms. Aruna Sundararajan (DIN: 03523267) as Additional Non-Executive Independent Director with effect from July 08, 2022, subject to shareholders' approval. Terms of appointment is 5 years i.e. July 08, 2022 to July 07, 2027. Ms. Aruna Sundararajan is a 1982 batch Kerala Cadre officer of the Indian Administrative Service (`IAS'). She superannuated on 31st July 2019 as Chairman of the Digital Communications Commission, and the Secretary (Telecom), Government of India. Prior to this, she served as the Secretary, Ministry of Electronics and Information Technology (MeitY), where shedrove the Digital India initiatives, particularly during the post-demonetization phase. During her tenure, she was instrumental in establishing India as a major hub for electronics, particularly mobile manufacturing; launch of the BHIM app and the campaign for digital payments, use of Aadhaar for DBT, enhancing India's role in internet governance and establishing the National Cyber Control Centre i.e. NCCC for cyber security. Announcement • Jun 30
Delhivery Limited Announces Resignation of Munish Ravinder Varma as Non-Executive Nominee Director Delhivery Limited announced that Mr. Munish Ravinder Varma Non-Executive Nominee Director (Non-independent) has tendered his resignation from the directorship of the Company and ceased to be Director with effect from closure of business hours on June 29, 2022, due to personal reasons. Announcement • May 26
Delhivery Limited to Report Q4, 2022 Results on May 30, 2022 Delhivery Limited announced that they will report Q4, 2022 results on May 30, 2022 Board Change • May 25
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Non-Executive Independent Director Kalpana Morparia was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. 
