Market share, margin gain hopes could drive further gains in Delhivery

The key takeaway in the quarter was the 19 per cent y-o-y growth in express parcel volumes and a 14 per cent rise in revenues of the segment

The stock of logistics major Delhivery gained over 6 per cent since its results before correcting over the last couple of trading sessions.

The company delivered better than expected operational performance in the quarter and there are expectations that it could turn profitable at the net level by the end of FY24. 

The key takeaway in the quarter was the 19 per cent year-on-year (Y-o-Y) growth in express parcel volumes and a 14 per cent rise in revenues of the segment.

On a sequential basis, volumes were up 1 per cent even as the June quarter is considered a seasonally