Delhivery

July 14 (Reuters) - Delhivery Ltd DELH.NS:

• DELHIVERY - RBI APPROVED GRANT OF CERTIFICATE OF REGISTRATION AS A TYPE IINBFC-ND TO DELHIVERY FINANCIAL SERVICES

Source text: [ID:]

Further company coverage: DELH.NS

(([email protected];;))

July 10 (Reuters) - Delhivery Ltd DELH.NS:

• DELHIVERY - GETS TAX DEMAND OF 3 MILLION RUPEES AND PENALTY OF 3 MILLION RUPEES

Source text: ID:nnAZN4T70W7

Further company coverage: DELH.NS

(([email protected];))

June 24 (Reuters) - Delhivery Ltd DELH.NS:

• ALPHA WAVE VENTURES SELLS 7.2 MILLION SHARES OF DELHIVERY AT 460.36 RUPEESPER SHARE VIA BULK DEAL - NSE DATA

Further company coverage: DELH.NS

(([email protected];))

June 23 (Reuters) - Bajaj Auto Ltd BAJA.NS:

• DELHIVERY - CO, BAJAJ AUTO PARTNER TO ELECTRIFY FLEET

Source text: [ID:]

Further company coverage: BAJA.NS

(([email protected];))

** Shares of India's Delhivery DELH.NS fall 5.68% to 448.75 rupees

** Logistics firm's Q4 total income rose 26.3% y/y, while profit slipped marginally to 723.97 million rupees ($7.52 million)

VALUATION CONCERNS OVERSHADOW OPERATING PERFORMANCE

** Goldman Sachs ("neutral"; TP: 480 rupees) says strong profitability improvement and parcel growth are already priced in, limiting further upside

** HSBC ("hold"; TP: 500 rupees) says competitive intensity and investments in emerging businesses could weigh on near-term margins

** BofA ("buy"; TP: 570 rupees) says strong parcel volumes and improving margins reinforce long-term growth outlook, despite lower FY27-28 EPS estimates

** Citi ("buy"; TP: 565 rupees) says strong volume growth and margin expansion support medium-term earnings outlook, though higher overhead costs remain a near-term drag

** UBS ("buy"; TP: 630 rupees) says operational efficiency and market share gains continue to support earnings momentum and free cash flow improvement

($1 = 96.3000 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

Feb 19 (Reuters) - Delhivery Ltd DELH.NS:

• DELHIVERY - BUILDS AI-POWERED LOCATION INTELLIGENCE WITH NVIDIA

Source text: ID:nBSE6Jzh4Q

Further company coverage: DELH.NS

(([email protected];))

Feb 16 (Reuters) - Delhivery Ltd DELH.NS:

• STRATEGIC PARTNERSHIP WITH RIDEV TO DEPLOY 150 ELECTRIC VEHICLES

Source text: ID:nNSE83HPYd

Further company coverage: DELH.NS

(([email protected];))

Jan 27 (Reuters) - India's Mahindra Logistics MALO.NS swung to a quarterly profit for the first time since 2022, it reported on Tuesday, as demand for shipping increased during the festive season and its supply chain management segment turned a profit.

The Mumbai-based company's consolidated net profit came at 32.5 million rupees ($354,551.90) during the quarter ended December 31, from a loss of 90.3 million rupees ($985,108.82) a year ago.

This is the company's first quarterly profit since the third quarter of fiscal year 2023. Its supply chain management is its biggest segment, contributing 94.4% to the topline.

Revenue rose more than 19% to 18.98 billion rupees.

For further earnings highlights, [click here].

KEY CONTEXT

The Mahindra Group unit has been facing rising costs and tougher competition from domestic as well as international firms in India’s $342 billion logistics market, along with losses linked to its 2022 acquisition of express‑cargo firm Rivigo.

However, in a pre-earnings note, Elara Capital analysts said the firm would receive support in the third quarter from the addition of new warehouses and its core third‑party logistics business.

They also expected B2B express volumes to improve and losses to narrow, helped by possible price hikes and better operating efficiency.

Although December does not fall within India’s main festive season, which started in mid‑September, year‑end holidays and discount events still provide logistics firms with a modest boost in demand.

Mahindra Logistics, Delhivery and Blue Dart are also facing growing pressure from Amazon AMZN.O and Walmart WMT.O ‑owned Flipkart, which are steadily expanding their in‑house logistics operations.

PEER COMPARISON

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

OCTOBER-DECEMBER STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 91.6650 Indian rupees

(Reporting by Yagnoseni Das and Abhirami G in Bengaluru; Editing by Harikrishnan Nair)

(([email protected];))

Jan 20 (Reuters) - Delhivery Ltd DELH.NS:

• TRANSPORTONE BY DELHIVERY LAUNCHES AUTONOMOUS TMS TO AUTOMATE LOGISTICS VIA AI AGENTS

Source text: ID:nnAZN4S1IZN

Further company coverage: DELH.NS

(([email protected];;))

Jan 15 (Reuters) - Delhivery Ltd DELH.NS:

• DELHIVERY - UNIT TO APPEAL 163.9 MILLION RUPEES TAX DEMAND

Source text: ID:nBSE4D0Bhw

Further company coverage: DELH.NS

(([email protected];))

Jan 6 (Reuters) - Delhivery Ltd DELH.NS:

• RECEIVES FAVORABLE ORDER FROM TAX AUTHORITY DELETING PENALTY OF 13.7 MILLION RUPEES

Source text: ID:nBSE17hkDM

Further company coverage: DELH.NS

(([email protected];))

** Logistics services provider Delhivery DELH.NS falls as much as 1.1% to 412.90 rupees

** Jefferies cites risks from e-commerce platform Meesho's increasing reliance on its in-house low logistics arm Valmo

** Valmo handles ~50% of Meesho's shipments at lower cost vs third party logistics providers such as Delhivery

** Meesho accounted for ~16% of Delhivery's FY25 revenue, per Jefferies' estimates; says shift to insourcing would weigh on Delhivery's mainstay express parcels growth

** Maintains "underperform", with PT of 390 rupees

** Meesho seeking valuation up to $5.6 billion for its IPO, which opens for retail subscription on December 3

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

Nov 5 (Reuters) - Delhivery Ltd DELH.NS:

• Q2 CONSOL NET LOSS 503.8 MILLION RUPEES

• Q2 CONSOL TOTAL INCOME 26.52 BILLION RUPEES

Source text: ID:nBSE8jsHYZ

Further company coverage: DELH.NS

(([email protected];;))

Oct 17 (Reuters) - Delhivery Ltd DELH.NS:

• SMALLCAP WORLD FUND SELLS 3.9 MILLION SHARES OF DELHIVERY IN BULK DEALS -NSE DATA

Source text: [ID:]

Further company coverage: DELH.NS

(([email protected];))

** India's Delhivery DELH.NS climbs 3.5% to 445 rupees

** Courier services provider reports higher June-quarter profit and revenue

** DELH's Q1 results were above market consensus, led by higher profitability in its supply chain and truck load segments, says Macquarie

** Bernstein says DELH's Q1 results "ticked the right boxes", adding that the company reported margin expansion in a typically weak quarter

** Brokerage raises PT on stock to 510 rupees from 430 rupees

** Avg rating of 22 analysts on DELH at "buy"; median PT is 421.50 rupees - data compiled by LSEG

** Stock extends YTD gains to 29%

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

June 20 (Reuters) - Indian courier delivery firm Delhivery DELH.NS launched its short-haul parcel transport service in two locations on Friday, ramping up competition in a market dominated by the likes of Uber UBER.N and Kedaara Capital-backed Porter.

Near-distance parcel delivery - often within city limits - has grown increasingly popular, following the success of quick-commerce delivery services, where everything from milk to mobile phones is delivered within 10 minutes.

Currently, Uber, Swiggy SWIG.NS-backed ride-hailing app Rapido and Porter are among firms that ferry parcels from one area of a city to another.

Delhivery's service is currently live only in the national capital region and the southern IT hub of Bengaluru, but the company aims to rapidly expand to other key metro cities, MD and CEO Sahil Barua said in a statement.

Third-party logistics firms, including Delhivery, have been looking for options to diversify as their mainstay long-haul freight businesses battle intense competition from in-house logistics arms of e-commerce giants such as Amazon AMZN.O and Walmart WMT.N-backed Flipkart.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Janane Venkatraman)

(([email protected]; X: @MukherjeeHritam;))

** Shares of logistics services provider Delhivery DELH.NS rise 2.2% to 366.75 rupees

** Competition Commission of India approves acquisition of at least 99.4% stake of Ecom Express ECOE.NS by DELH for up to 14.07 bln rupees ($162.96 mln)

** DELH up ~6% YTD

($1 = 86.3425 Indian rupees)

(Reporting by Vijay Malkar)

(([email protected];))

June 17 (Reuters) - Delhivery Ltd DELH.NS:

• INDIA ANTITRUST AGENCY: APPROVES ACQUISITION OF AT LEAST 99.44% STAKE IN ECOM EXPRESS BY DELHIVERY

Source text: [ID:]

Further company coverage: DELH.NS

(([email protected];;))

** Delhivery DELH.NS climbs ~10% to 352.9 rupees; set for biggest intraday pct jump in nearly two years

** Logistics services firm reports 725.6 mln rupees ($8.5 mln) in Q4 consol profit vs year-ago loss of 684.7 mln rupees

** Revenue from contracts up 5.6% y/y

** Stock rated "buy" on avg, same as peers Blue Dart Express BLDT.NS and VRL Logistics VRLL.NS; Mahindra Logistics MALO.NS rated "hold", per data compiled by LSEG

** YTD, DELH rises ~2%

($1 = 85.5390 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

May 16 (Reuters) - Delhivery Ltd DELH.NS:

• DELHIVERY Q4 CONSOL PROFIT 725.6 MILLION RUPEES

• DELHIVERY Q4 CONSOL TOTAL INCOME 23.03 BILLION RUPEES

Source text: [ID:]

Further company coverage: DELH.NS

(([email protected];))

April 22 (Reuters) - Delhivery Ltd DELH.NS:

• MARS PETCARE PARTNERS WITH DELHIVERY TO DEPLOY AI-POWERED TRANSPORTONE

Source text: ID:nBSEbRqMv7

Further company coverage: DELH.NS

(([email protected];;))

April 7 (Reuters) - ** Shares of courier and logistics services provider Delhivery DELH.NS rise 0.5% to 260.52 rupees

** Delhivery to buy IPO-bound rival Ecom Express for 14 billion rupees ($163.3 million)

** Emkay Global does not expect the deal to be add to profit in near term but believes gains will accrue over 12-18 months

** Avg rating of 20 analysts on DELH is "buy"; median PT is 393.50 rupees, per data compiled by LSEG

** Stock down 24.6% YTD up to last close

($1 = 85.7570 Indian rupees)

(Reporting by Shivani Tanna in Bengaluru)

(([email protected];))

Feb 7 (Reuters) - Delhivery Ltd DELH.NS:

• Q3 CONSOL PROFIT 249.9 MILLION RUPEES; IBES PROFIT EST. 542.8 MILLION RUPEES

• Q3 CONSOL TOTAL INCOME 24.77 BILLION RUPEES

Source text: [ID:]

Further company coverage: DELH.NS

(([email protected];;))

Jan 27 (Reuters) - Delhivery Ltd DELH.NS:

• DELHIVERY - HPCL PARTNERS WITH DELHIVERY FOR PAN-INDIA LUBRICANT DISTRIBUTION

Source text: ID:nnAPN2L1SVU

Further company coverage: DELH.NS

(([email protected];))

Jan 16 (Reuters) - Delhivery Ltd DELH.NS:

• DELHIVERY - LAUNCHES RAPID COMMERCE, A 2-HOUR DELIVERY SERVICE, FOR BRANDS

Source text: ID:nBSE4pLNWX

Further company coverage: DELH.NS

(([email protected];))

** Shares of courier and logistics services provider Delhivery DELH.NS fall 2% to 411 rupees

** Kotak Institutional Equities cuts PT to 500 rupees from 560 rupees; maintains "buy" rating on stock

** Sees difficult zone for DELH, due to uncertain demand, pricing pressure from third-party peers

** Says DELH's express parcel may lack strength in FY25

** Avg rating of 21 analysts on DELH is "buy"; median PT is 500 rupees -LSEG data

** Stock has gained 5% so far this year

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Sept 24 (Reuters) - Sam Industries Ltd SAMI.BO:

• ENTERED INTO LEASE AGREEMENT WITH DELHIVERY LTD

• AGREEMENT TO PROVIDE WAREHOUSE IN INDORE ON LEASE TO DELHIVERY

Source text for Eikon: ID:nBSE9g9Zcl

Further company coverage: DELH.NS

(([email protected];;))

* Blue Dart Express BLDT.NS jumps as much as 15.3% to 9,488.70 rupees, highest since Oct. 4, 2022

* Logistics co sees busiest session ever, with more than 1.1 mln shares traded - 113x its 30-day avg

* Reuters could not immediately ascertain the reason behind day's move

* Avg rating of analysts is "hold" vs "buy" for Delhivery DELH.NS - LSEG

* BLDT's relative strength index rises to 76, suggesting that it is in overbought zone

* Stock up ~25% YTD vs DELH's ~9% rise

(Reporting by Vijay Malkar)

(([email protected];))

Sept 16 (Reuters) - Delhivery Ltd DELH.NS:

• DELHIVERY - TEAM GLOBAL LOGISTICS AND CO ENTER STRATEGIC PARTNERSHIP

• DELHIVERY - PARTNERSHIP FOR OCEAN FREIGHT, FOCUS ON INBOUND AND OUTBOUND LOGISTICS

Source text for Eikon: [ID:]

Further company coverage: DELH.NS

(([email protected];;))

Aug 29 (Reuters) - Delhivery Ltd DELH.NS:

• DELHIVERY - RESPONDS TO VOTING RECOMMENDATION REPORT BY PROXY ADVISORS ON RESOLUTIONS OF AGM

• DELHIVERY - URGES PROXY ADVISORS TO AMEND PROPOSED RECOMMENDATION ON RESOLUTIONS OF AGM

Source text for Eikon: ID:nBSE9zx4mv

Further company coverage: DELH.NS

(([email protected];))