Delhivery share price: Delhivery shares will remain in focus after the company’s Q4FY26 results, with brokerages maintaining a bullish stance and seeing potential upside of up to 23 per cent from current levels. Strong revenue growth, record shipment volumes, and sustained margin expansion have reinforced confidence in the logistics player’s growth trajectory.
The Gurugram-based firm reported a 30 per cent year-on-year jump in revenue to Rs 2,850 crore, while operational performance improved sharply, with EBITDA rising nearly 80 per cent and margins expanding.
Following the results, brokerages including Elara Capital, Motilal Oswal, and Citi reiterated their ‘Buy’ ratings, highlighting strong operating leverage, better asset utilisation, and continued momentum in core transportation businesses as key drivers for future growth.
Elara Capital on Delhivery
The Gurugram-based firm posted the consolidated net profit flat at Rs 72.3 crore in the reporting quarter compared to Rs 72.5 crore in the corresponding quarter of the previous financial year. PAT before E-com integration costs and exceptional items came in at Rs 87 crore. The company’s revenue from operations for the reporting quarter rose 30 per cent year-on-year to Rs 2,850 crore from Rs 2,191.6 crore posted in the year-ago period.
EBITDA increased 79.8 per cent to Rs 214.2 crore in the quarter under review against Rs 119.1 crore in the corresponding period a year ago. EBITDA margin expanded to 7.5 per cent in Q4 FY26 vs 5.4 per cent in Q4 FY25. During Q4FY26, express parcel volumes rose 72 per cent year-on-year to 306 million shipments, while Part Truck Load (PTL) freight volume recorded a growth of 20 per cent to 549,000 metric tonnes.
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