383.9500 1.15 (0.30%)
NSE Jul 01, 2025 15:31 PM
Volume: 1.0M
 

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Delhivery Ltd.
07 Aug 2023
383.95
0.30%
ICICI Securities Limited
In Q1FY24, Delhivery’s adjusted EBITDA loss was INR 250mn (vs profit of INR 60mn in Q4FY23) largely due to annual wage increments, investments in capacity expansion (60-70% of yearly capex in Q1) and disruptions pertaining to security and weather. In spite of Q1 being a seasonally weaker quarter, express parcel revenue grew 2.1% QoQ/ 14.3% YoY, broadly in line with our estimates.
Delhivery Ltd. has gained 47.25% in the last 3 Months
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