Delhivery Ltd announced that it has operationalized its largest mega-gateway in Bhiwandi. The automated gateway has 196 docking stations and is designed to transact over 8,000 tonnes of freight.
According to reports, Softbank was looking at selling about 4% stake in the logistics services provider. So far in 2023, shares of Delhivery have given healthy returns of nearly 22% to investors. In March, SoftBank sold 2.84% stake in Delhivery for Rs 954.2 crore through multiple block deals in the open market.
Delhivery’s Q2 performance in surface express was robust. Regaining lost wallet share during Spoton’s integration along with yield improvement in the PTL business underpins the management’s focus on improving profitability, analysts said.
Delhivery slipped below Rs 400-mark at Rs 398.50, down 3.63 per cent, before recovering some group. The scrip later traded 2.78 per cent lower at Rs 402.35.
Delhivery Q2: CLSA said revenue Delhivery's sales growth was 3.6 per cent below of its estimate, offset by a decline in supply chain and cross border segment revenue.