Delhivery , India's leading logistics and supply chain services company, has set new benchmarks in the industry during September, showcasing exceptional performance in e-commerce and freight delivery.

Record-Breaking Volumes

Delhivery processed a staggering 104.4 million e-commerce and freight shipments through its transportation network in September. The company shipped goods worth ₹19,500.00 crore, demonstrating its robust infrastructure and operational excellence.

Single-Day Peak

On its busiest day, Delhivery shipped an impressive 6.2 million e-commerce and freight packages, demonstrating its capacity to manage high-volume surges effectively. The company also set a record by serving 19,100 clients in a single day.

Lightning-Fast Deliveries

The company set a new speed record with its fastest delivery completed in just 5 minutes in Bangalore, highlighting its commitment to rapid service in urban areas.

Extended Reach and Efficiency

Delhivery's network proved its extensive coverage, with the farthest package traveling 3,690 kilometers from Gujarat to Mizoram, showcasing the company's wide-reaching logistics capabilities.

Financial Performance

Following the business update, Delhivery's shares gained over 2% in the stock market. The company recently reported strong quarterly results:

• Net profit rose 67% to ₹91.00 crore
• Revenue grew 6% to ₹2,294.00 crore
• EBITDA jumped 53% to ₹149.00 crore

The express parcel segment saw significant growth, with volumes increasing 14% to 208 million shipments and revenue rising 10% to ₹1,403.00 crore.

Strategic Expansion

Delhivery is planning to acquire Ecom Express for ₹1,407.00 crore, with approval from the Competition Commission of India (CCI) received for acquiring at least a 99.44% stake. This move is expected to further strengthen Delhivery's position in the logistics industry.

Delhivery's performance sets new industry standards and positions the company as a key player in supporting India's growing e-commerce sector. As the company continues to expand and improve its services, it remains at the forefront of India's logistics revolution.

Delhivery , a prominent player in the Indian logistics sector, witnessed a significant block trade on the National Stock Exchange (NSE) recently. The transaction involved approximately 1,489,278 shares changing hands at a price of ₹428.90 per share, amounting to a total value of ₹63.88 crore.

Block Deal Details

The block deal, which represents a substantial transaction in Delhivery's stock, has caught the attention of market observers. Here's a breakdown of the key details:

Market Implications

Block deals of this magnitude often indicate significant interest from institutional investors or large shareholders. Such transactions can potentially impact the stock's trading pattern and liquidity in the short term.

About Delhivery

Delhivery is a leading logistics and supply chain services company in India. The company provides a full range of logistics services, including express parcel transportation, PTL and TL freight, cross-border and supply chain services. Delhivery's presence in the stock market and such substantial trades reflect the ongoing investor interest in the logistics sector.

While the specific parties involved in this block deal have not been disclosed, such transactions often warrant attention from existing shareholders and potential investors alike. Market participants will likely keep a close eye on any potential impact on Delhivery's stock price and trading volumes in the coming days.

It's important to note that block deals, while significant, are part of normal market operations and do not necessarily indicate any fundamental changes in the company's performance or outlook.