Now Reading: Delhivery shares surge 9 to 10% on Rs 41 crore Q2 profit swing
-
01
Delhivery shares surge 9 to 10% on Rs 41 crore Q2 profit swing
The Story in Brief
Delhivery shares jumped as much as 9.5% on Monday, 2 November, after the logistics company reported a consolidated net profit of Rs 40.6 crore for the July-September 2026 quarter, against a loss of Rs 50.3 crore a year ago. Revenue from operations rose 20% year-on-year to Rs 3,066.3 crore. Express parcel volumes grew 32%, and EBITDA margin expanded to 6.7% from 2.7%.
Brokerages maintained buy calls. Jefferies raised its FY27 EPS estimate by 21% but cut its target price to Rs 470. JPMorgan set a target of Rs 590, and Citi Rs 545. The board also approved an investment of up to Rs 36 crore in subsidiary Delhivery Fintech Distribution Private Limited. The company said network service levels heading into the festive season were the best recorded, giving momentum for the second half of the fiscal year.
Indian Opinion Analysis
Coverage is uniform straight reporting: all three outlets lead with Delhivery's Q2 profit swing and share surge, cite the same revenue and EBITDA figures, and list similar brokerage calls. No outlet downplays the margin improvement or questions the sustainability of the turnaround. The only difference is in granularity: Business Standard quotes Jefferies' EPS revisions, Hindu Business Line adds Citi's target and the board-approved subsidiary investment, and CNBC-TV18 gives the most detail on Jefferies' and Citi's individual estimates. The balanced reading is that the market consensus, reflected in multiple buy ratings, is the story, and the key monitorable all three sources agree on is Meesho insourcing, which Jefferies flags as a medium-term risk.
Coverage: 3 sources, 3 neutral
Sources (3): business-standard.com (neutral report), thehindubusinessline.com (neutral report), cnbctv18.com (neutral report)
This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Methodology and corrections.
Update, 2 November 2026: this story now draws on 3 sources.
