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The Economic Times
The Economic Times
Debaroti Adhikary

Delhivery shares tumble 5% after Q4 results. Why Nuvama, Elara & other brokerages remain bullish

The shares of Delhivery tumbled 5% to the day's low of Rs 451 on the NSE on Monday after the logistics major reported a marginal 0.2% year-on-year (YoY) decline in consolidated net profit to Rs 72.4 crore for Q4 FY26 from Rs 72.6 crore in the corresponding quarter of the previous financial year, with brokerages retaining ‘Buy’ calls, citing several reasons.

Delhivery released its results for the January-March quarter of the financial year 2026 on Saturday. While net profit slightly contracted, revenue from operations grew 30% YoY to Rs 2,850 crore during the quarter under review from Rs 2,191.6 crore a year ago. Quarterly EBITDA surged 80% YoY to Rs 214.2 crore, while EBITDA margin expanded to 7.5% from 5.4%.

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