On Monday, shares of Delhivery, a Gurugram-based logistics company, surged to a 52-week high after the company announced strong financial results for the June quarter. The stock climbed by over 6 per cent on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), reaching a new high of ₹455.80 and ₹455.50 per share, respectively.
The rally was driven by the company's Q1 FY26 results, which were released in a regulatory filing on Friday. Delhivery reported a significant 67 per cent year-on-year (YoY) increase in its consolidated net profit, which stood at ₹91 crore for the quarter, compared to ₹54 crore in the same period last year.
The company's performance was also bolstered by a 6 per cent growth in revenue from contracts, which reached ₹2,294 crore. This was an increase from ₹2,172 crore in the June quarter of the previous fiscal year. Shipments also saw a substantial rise, with volumes growing by 14% YoY to 20.8 crore, up from 18.3 crore in Q1 FY25.
In addition to the positive earnings report, Delhivery also confirmed the completion of its acquisition of rival company Ecom Express. The acquisition, valued at up to ₹1,407 crore, is expected to further strengthen Delhivery's market position.
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