Delhivery slides 5% even as Q4 revenue jumps 30%; brokerages split on margin path
Q4FY26 revenue hit Rs 2,850 cr (+30% YoY) and EBITDA surged 80% to Rs 214 cr with margin at 7.5%, but net profit stayed flat at Rs 72.3 cr. Shares fell 5.29% to Rs 453.10 as Goldman flagged softer realisations and Ecom Express integration drag; UBS and Citi retained Buy on FY26 e-commerce volume guidance of +40%.
Delhivery Q4FY26 revenue jumped 30% to Rs 2,850 cr and EBITDA rose 80%, but profit stayed flat and shares fell 5%. UBS, Citi stayed Buy; Goldman Neutral, citing weaker realisations and Ecom Express integration costs.