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Logistics services operator Delhivery on Wednesday reported a consolidated loss of Rs 50.49 crore for the September quarter against a profit of Rs 10.20 crore in the year-ago period. Its total income, however, rose 14.81 per cent to Rs 2651.53 crore in the quarter under review compared to Rs 2,309.33 crore a year ago, the company said in a regulatory filing. On a standalone basis, the profit after tax (excluding Ecom Express integration costs) during Q2 FY26 was recorded at Rs 59 crore against a PAT of Rs 10 crore in the same quarter of the last year, the company said in a statement. Its revenue from services (excluding Ecom Express) for the second quarter rose 16 per cent to Rs 2,546 crore from Rs 2,190 crore in Q2 FY25, it said. In the express parcel business, shipment volumes during the reporting quarter grew 32 per cent to 246 million from 185 million in the second quarter last year, as the Ecom acquisition led to consolidation of Delhivery's share of wallet with key clients, t
Morgan Stanley, Citigroup Global Markets Singapore and six other entities on Thursday bought a 1.6 per cent stake in logistics solution provider Delhivery for Rs 461 crore through open market transactions. Besides, HDFC Mutual Fund (MF), Axis MF, Tata MF, ASK Asset & Wealth Management, Hill Fort Capital and Hong-Kong-based investment manager Viridian AM purchased shares of the Gurugram-based Delhivery, as per the block deal on the NSE. The entities picked up over 1.19 crore equity shares or 1.6 per cent stake in the company at an average price of Rs 387, taking the combined value to Rs 461 crore. Meanwhile, venture capital firm Nexus Venture Partners, through its affiliates Nexus Opportunity Fund and Nexus Ventures III, offloaded an equal number of shares at the same price. In the March quarter, Nexus Ventures III owned a 5.88 per cent holding in Delhivery. Shares of Delhivery slipped 0.54 per cent to close at Rs 386.05 per piece on the NSE. In April, Delhivery announced the ...