India's Delhivery jumps on Q4 profit rise

Delhivery

19/05/2025 05:32

** Delhivery DELH.NS climbs ~10% to 352.9 rupees; set for biggest intraday pct jump in nearly two years

** Logistics services firm reports 725.6 mln rupees ($8.5 mln) in Q4 consol profit vs year-ago loss of 684.7 mln rupees

** Revenue from contracts up 5.6% y/y

** Stock rated "buy" on avg, same as peers Blue Dart Express BLDT.NS and VRL Logistics VRLL.NS; Mahindra Logistics MALO.NS rated "hold", per data compiled by LSEG

** YTD, DELH rises ~2%

($1 = 85.5390 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))