Delhivery announced its September quarter results on November 5. The company’s performance was poor in this quarter. The company has suffered a loss of Rs 50.5 crore in the second quarter. The company’s shares had closed at Rs 484.95 on November 4, up 2.73 per cent on BSE. There was a holiday in the stock market on 5th November. The performance of Delhivery shares has been excellent in 2025. It has given returns of more than 39 percent.
Delhivery had acquired Ecom Express
A look at the September quarter results shows that Delhivery The reason for the loss is the acquisition of Ecom Express. Delhivery had announced this deal in April this year. It has bought 99.4 percent stake for Rs 1,407 crore. Ecom Express was a rival company of Delhivery. This deal was done entirely in cash. The acquisition process was completed at the beginning of the September quarter.
Profit of Rs 10 crore in September quarter last year
Delhivery had earned a profit of Rs 10.2 crore in the September quarter a year ago. The company’s profit in this June quarter was Rs 91 crore. This time in the September quarter, the company’s revenue from operations increased by 17 percent to Rs 2,559.3 crore. The company’s EBITDA in the September quarter was Rs 150 crore and margin was 5.9 percent.
Shipment increased due to acquisition of Ecom Express
The company’s total expenses increased by 18 percent to Rs 2,708 in the September quarter. It was Rs 1 crore. Delhivery’s maximum revenue comes from the express parcel segment. Shipments of this segment increased by 32 percent year-on-year to Rs 246 million in the second quarter. The acquisition of Ecom Express has a big role in this. The company’s revenue from express parcel business increased by 24 percent on year-on-year basis to Rs 1,611 crore.
Delhivery’s 20 percent stake in express parcel
The company’s performance is expected to remain better going forward. Analysts believe that the reduction in GST rates is a sign of increase in consumption. Logistics companies like Delhivery will benefit from this. Delhivery provides logistics services almost across the country. Its services are available in more than 18,800 pin codes. Its market share in express parcel is more than 20 percent. The acquisition of Ecom Express has strengthened its position in the logistics market.