Delhivery slides 6% as flat Q4 profit overshadows 30% revenue jump
Delhivery's Q4 FY26 net profit stuck at ₹72.4 Cr despite revenue rising 30% YoY to ₹2,850 Cr and EBITDA nearly doubling to ₹231 Cr. Shipments grew 40% to 1,054 Mn. UBS, Citi, Nuvama stayed Buy; Goldman Neutral. Ecom Express integration in focus as stock hit ₹447.85, market cap ₹33,901.9 Cr.
Delhivery shares fell up to 6% after flat Q4 FY26 net profit of ₹72.4 Cr despite 30% revenue growth to ₹2,850 Cr. EBITDA doubled YoY. Brokerages UBS, Citi, Nuvama maintained Buy; Goldman Neutral. Ecom Express integration cited.
Why this matters
Third consecutive signal flagging Delhivery's Q4 paradox: strong topline and shipment growth but stagnant profit. Brokerages remain split on margin recovery, with Ecom Express integration now central to the bull case.
Retail-company signals steady at 495 over 90 days; logistics earnings driving recent volume.
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