Delhivery shares rally 15% as analysts turn bullish post robust Q4 profit

Delhivery shares have risen nearly 50% in two months, from its 52-week low of ₹236.80 touched on March 13, 2025. The stock hit its 52-week high of ₹461 on May 17, 2024. In the last one year, the counter has delivered a negative return of 9%, while it added nearly 3% in six months. However, the stock has seen a rally of over 20% in a month.

Delhivery achieves first full year of profitability in FY25

Gurugram-based logistics unicorn reported a significant improvement in profitability and modest growth in revenue in the January-March quarter of 2024-25, helping the company to achieve its first full year of profitability.

For the fourth quarter ended March 31, 2025, Delhivery posted a profit after tax of ₹73 crore, an increase of ₹141 crore YoY from a loss of ₹69 crore in Q4 FY24, making it the fourth consecutive profitable quarter. Its revenue grew 6% to ₹2,192 crore in Q4 FY25, from ₹2,076 crore in the same period last year. On the operating front, EBITDA more than doubled to ₹119 crore (5.4% margin) in Q4 FY25 from ₹46 crore (2.2% margin) in Q4 FY24.

For FY25, Delhivery saw its profit rise to ₹162 crore, an increase of ₹411 crore YoY from a loss of ₹249 crore in FY24, marking FY25 as the first full year of PAT profitability. Revenue from services grew 10% on-year at ₹8,932 crore in FY25, up from ₹8,142 crore in FY24, while EBITDA nearly tripled YoY to ₹376 crore (4.2% margin) in FY25 from ₹127 crore (1.6% margin) in FY24.

“We continue to deliver steady performance in our core transportation businesses. Our ongoing measures to improve profitability are visible in Q4 numbers, and we expect continued momentum on this front as growth picks up in FY26,” said Sahil Barua, MD & Chief Executive Officer.