Delhivery , a leading logistics and supply chain services company, has reported significant positive developments in its fourth quarter results, leading to a surge in its stock price.

Q4 Financial Highlights and Stock Performance

• Stock Movement: Delhivery's stock hit a 10% upper circuit following the Q4 results announcement.
• Net Profit: Delhivery posted a consolidated net profit of ₹73.00 crore, compared to a loss in the same quarter of the previous year.
• Revenue: Revenue stood at ₹2,192.00 crore, up 5.6% year-on-year.
• EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) surged 160% year-on-year to ₹119.00 crore, with margin expansion to 2.5%.
• Part Truck Load Volume: Reported a 19% growth, contributing to the positive sentiment.

Full-Year Performance

• Revenue: Full-year revenue grew 10% to ₹8,932.00 crore.
• Net Profit: The company reported a profit of ₹162.00 crore for the entire fiscal year.

Market Response and Analyst Outlook

The strong Q4 results have led to a bullish outlook from several brokerages:

• Goldman Sachs, Citi, and Investec have raised their target prices for Delhivery's stock.
• The stock rose 9.99% to ₹352.90, reflecting investor confidence in the company's performance.

Financial Performance Overview

The latest financial results indicate a positive shift in Delhivery's profitability. The company has not only managed to turn its losses into profits but has also shown consistent improvement in its financial metrics.

The substantial improvement in net profit and EBITDA, along with steady revenue growth and increased Part Truck Load volume, suggests that Delhivery's strategic initiatives and operational efficiencies are yielding positive results. The company's ability to grow its revenue while significantly improving its bottom line is a promising sign for its shareholders and stakeholders.

The logistics sector has been experiencing growth and transformation, particularly in the e-commerce-driven last-mile delivery segment. Delhivery's improved financial performance and the resulting positive market response could be indicative of its successful adaptation to these market dynamics.

As Delhivery continues to navigate the competitive logistics landscape, investors and industry observers will likely keep a close watch on the company's ability to maintain this positive momentum in the coming quarters. The bullish stance from major brokerages further underscores the market's confidence in Delhivery's growth prospects.

Delhivery Ltd , a leading logistics and supply chain services company, has reported a significant turnaround in its financial performance for the fourth quarter and the full fiscal year.

Q4 Performance Highlights

• Net Profit: Delhivery posted a consolidated net profit of ₹725.60 million, reversing the loss of ₹685.00 million reported in the same quarter of the previous year. This also marks an improvement from the profit of ₹249.90 million in the previous quarter.
• Revenue: The company's revenue rose by 9% year-over-year to ₹21.92 billion from ₹20.10 billion.
• EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased significantly to ₹1.19 billion from ₹459.00 million year-over-year.
• EBITDA Margin: The EBITDA margin improved to 5.43% from 2.21% year-over-year.

Annual Performance

• First Full Year of Profitability: Delhivery achieved a significant milestone by recording its first full year of profitability.
• Net Profit: The company reported a net profit of ₹1.62 billion for the entire fiscal year.
• Annual Revenue: Revenue grew by 10% to reach ₹89.32 billion.

Segment Performance

The company's core business segments showed steady growth:

• Express Parcel: Demonstrated consistent performance.
• Part Truck Load (PTL): Also exhibited steady growth.

This financial turnaround marks a significant achievement for Delhivery, showcasing its ability to drive profitability while maintaining revenue growth. The company's focus on operational efficiency and strategic growth in key segments has likely contributed to this positive outcome.

Investors and industry observers will be keen to see if Delhivery can maintain this momentum in the coming quarters, especially given the competitive nature of the logistics sector in India.