Page 5 - Delhivery

Near term positive for Delhivery as firm clocks first profit in Q3

Stellar Q3 results, strategic buys position firm for continued success in beverage market

Delhivery Q3 results: Logistics major turns profitable with Rs 11.7 cr PAT

Delhivery's revenue from operations stood at Rs 2,194 crore in Q3 FY24, up 20 per cent year-on-year (Y-o-Y) from Rs 1,822 crore in Q3 FY23

Delhivery Q3 results: Logistics firm turns profitable, revenue jumps 21%

Consolidated profit for the three months ended Dec. 31 was Rs 11.71 crore ($1.41 million) compared with a loss of Rs196 crore a year earlier, the company said in an exchange filing

Demand for industrial spaces in Delhi-NCR fell 42% last year: Colliers

The share of Delhi-NCR in the total demand across five cities came down to 20 per cent from 36 per cent in the 2022 calendar year

Analysts divided, but Delhivery's stock underperformance may reverse

Delhivery provides solutions to 23,113 customers, including e-commerce marketplaces, direct-to-consumer e-tailers, and enterprises across verticals

Softbank sells 2.5% stake in logistics firm Delhivery for Rs 739 crore

The names of the buyers were not disclosed by the exchange

SoftBank pares 2.5% stake in logistics firm Delhivery worth Rs 739 cr

Japanese conglomerate Softbank on Friday divested a 2.5 per cent stake in integrated logistics provider Delhivery for Rs 739 crore through an open market transaction. According to the bulk deal data available with the NSE, Softbank through its affiliate SVF Doorbell (Cayman) Ltd sold 1,83,05,480 shares, amounting to a 2.5 per cent stake in Delhivery. The shares were disposed of at an average price of Rs 403.51 apiece, taking the aggregate deal size to Rs 738.64 crore. After the transaction, Softbank's shareholding in Delhivery has reduced to 11.96 per cent from 14.46 per cent. Shares of Delhivery fell 3.46 per cent to close at Rs 399.55 apiece on the NSE. In March, Softbank divested a 3.8 per cent stake in Delhivery for Rs 954 crore through open market transactions. Over the past few months, Softbank divested its stake in online food ordering company Zomato and Policybazaar's parent firm PB Fintech.

RIL, banks, IT stocks drag Sensex 188 pts down, Nifty below 19,750

Closing Bell on November 17, 2023: The broader markets, on the other hand, notched gains with the BSE MidCap and SmallCap indices rising 0.27 per cent and 0.36 per cent, respectively

Stocks to Watch today, Nov 17: Delhivery, IDBI Bank, TVS Motor, Oil-linked

Stocks to Watch on Friday, November 17, 2023: SoftBank may offload around 31 million, or 4 per cent stake, in Delhivery for $150 million

SoftBank likely to sell stake worth $150 mln in India's Delhivery

In March, the group had sold 3.8% stake in the logistics firm

Stocks to Watch today: SBI, IndiGo, Titan, Zomato, RIL, BoI, BoB, Delhivery

Stocks to watch on Monday, November 06, 2023: Shares of PSU Banks are likely to hog the limelight following Q2 results announced by major banks over the weekend.

Delhivery Q2 result: Net loss at Rs 103 cr, revenue up 8% to Rs 1,942 cr

The logistics firm also made a few leadership appointments aimed at creating experienced long-term leaders for key functions and business roles

Go First case: New NCLT bench to hear petitions of airline, lessors

The NCLT bench had asked the registry to list the matter before the tribunal president for clarification, while hearing applications filed by 10 lessors in the Go First case

Delhivery partners with Nexus Ventures, AWS for accelerator programme

Logistics company Delhivery has partnered with private equity firm Nexus Ventures and Amazon Web Services to launch an accelerator programme for budding entrepreneurs in the logistics space, a statement said on Tuesday. The programme, Velocity, will help build a logistic ecosystem to enable new entrepreneurs to convert their ideas into viable, functional business solutions, Delhivery Chief Technology Officer and Executive Director Kapil Bharati said. Leading cloud services provider AWS is providing activate cerdits of USD 25,000 (around Rs 21 lakh) to selected startups for building and scaling technology infrastructure. In the first edition of the programme, 20 out of 234 applicants were picked for providing mentorship, the statement said. Warehousing-focused ODWEN, Wherehouse, and Warehousity; EV fleet providers, including EVIFY and Zyngo, agritech startups such as Upjao Agrotech and E Sandhai and aggregator platforms Paapos, Hyphen SCS, and Loadexx were among the selected startu

NCLT seeks reply from Go First on Delhivery plea as settlement talks fail

Currently, Delhivery and Go First are operating within the period of a further extension, although this has yet to be formalised in writing, according to the plea

Green shoots of profitability finally emerging among Startups in India

Many companies such as Zomato, Meesho, and MobiKwik have now turned profitable while others like Paytm, Delhivery, and Zepto have showcased a clear path to profitability

Delhivery to provide warehousing, transportation solutions to Havells

Logistics major Delhivery will provide integrated warehousing and transportation solutions to Havells India as part of an agreement. In a statement on Wednesday, Delhivery said it has bagged a contract from Havells India for integrated supply chain solutions in the western region. Covering Havells' product portfolio of electrical and consumer goods, Delhivery will deploy its technology-led integrated warehousing and transportation solutions to deliver speed, precision, and complete end-to-end visibility, the statement said. Sandeep Barasia, Executive Director and Chief Business Officer, Delhivery, said, "We are delighted to be a trusted partner for Havells as it embarks on a large-scale transformation of its supply chain. Our experience across a range of sectors will unlock tangible value across the complete value chain." In the June quarter this fiscal year, Delhivery narrowed its net loss to Rs 89.5 crore from a net loss of Rs 399.3 crore in the same period of the preceding ...

India's startups add gains of $400 mn to SoftBank's Vision Fund in Q1

In the quarter ending March 2023, these four listed startups in SoftBank's portfolio together added over $100 million to the Vision Fund

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

Exploring settlement with logistics company Delhivery: Go First tells NCLT

The matter will now be heard in the third week of August