Delhivery Shares Rally Over 9% After Q4 Profit Surprise: A Strong Turnaround Story

Market Performance

Delhivery shares jumped over 9.3% on Monday, May 19, reaching an intraday high of ₹350.80. The surge came after the logistics major reported a solid turnaround in its Q4 FY25 results.

Despite this spike, Delhivery shares are still down 24% from their 52-week high of ₹461, touched in May 2024. However, the stock has shown signs of recovery in recent months:

• +15.5% gain in May 2025 so far
• +20% gain in April
• +2% in March, after steep losses in the first two months of the year
• Down 22% in February and 7.2% in January

The consistent recovery reflects growing investor confidence in the company's improving financials.

Main News: Q4 Profit Turns Positive

Delhivery posted a consolidated net profit of ₹72.56 crore in Q4 FY25, a significant shift from the ₹68.47 crore loss in the same quarter last year. On a sequential basis, profits nearly tripled from ₹24.99 crore in Q3 FY25.

The company's operational efficiency and margin improvement were key drivers behind this strong performance. Cost control measures and a sharp focus on profitability appear to be paying off.

Shipment Volumes Remain Stable

• Q4 FY25 parcel volumes: 177 million, up from 176 million in Q4 FY24
• FY25 total volumes: 752 million, a 2% rise from 740 million in FY24

Company Details and Strategic Moves

According to CEO Sahil Barua, Delhivery has maintained its steady performance in core transportation services. The latest results clearly show the company's efforts to improve profitability.

In a strategic move, Delhivery announced plans to acquire a controlling stake in Ecom Express for ₹1,400 crore. The acquisition is expected to boost its presence in India's e-commerce logistics market. Both firms have approached the Competition Commission of India (CCI) for regulatory approval.

Financial Highlights

Revenue

• Q4 FY25: ₹2,191.57 crore, up 5.6% YoY, down 7.8% QoQ
• FY25: ₹8,932 crore, up 10% from ₹8,142 crore in FY24

EBITDA

• Q4 FY25: ₹119 crore, up 160% YoY, up 16.3% QoQ

EBITDA Margins

• Q4 FY25 margin: 5.4%, up 322 bps YoY, and 113 bps QoQ

Net Profit

• Q4 FY25: ₹72.56 crore (vs ₹68.47 crore loss YoY)
• FY25: ₹162.11 crore, a turnaround from ₹249.19 crore loss in FY24

Summary

Delhivery shares made headlines by soaring over 9% as the company delivered its first full-year profit and a sharply improved Q4. With a robust focus on operational discipline, steady shipment volumes, and strategic expansion plans like the Ecom Express acquisition, the company is on a strong recovery path.

While Delhivery shares are yet to reclaim their 52-week highs, the recent upward momentum and financial turnaround could indicate a brighter FY26 ahead.