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Delhivery share price rallies 4% after posting net profit for second consecutive quarter. Should you buy the stock?
Delhivery posted a profit of Rs 10.2 crore in Q2 of the current financial year. This which fuels e-commerce shopping, a main source of income for the logistics company. The company had incurred a loss of Rs 103 crore in the same in period last year.
At the same time, Delhivery’s revenues increased 13 percent from Rs 1,941.7 crore in Q2FY24 to Rs 2,189.7 crore in Q2FY25, regulatory filings showed.
On 2:25 PM, shares of Delhivery were quoting Rs 329.65 on the NSE. It is higher by 3.6 percent compared to the previous close.
Read more - Delhivery Partners with Teamglobal Logistics.
Table of Contents
About Delhivery
Delhivery is an Indian logistics and supply chain company headquartered in Gurgaon, India. It was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati.
| Company Name | Delhivery Private Limited |
| Founder | Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati. |
| Headquarters | Gurgaon, Haryana, India |
| Founding Date | May 2011 |
| Business Model | B2B, B2B2C |
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Delhivery started in an apartment in Delhi as a courier service for e-commerce firms. They soon collaborated with big ecommerce companies like Amazon Prime and Flipkart. This was the turning points for Delhiver. Delivered products in a span of one or two days which was way less time than their standard delivery.
Delhivery Revenure Source
As of 2021, the company operates over 85 fulfillment centers, 29 automated sort centers, 160 hubs, 7,500+ partner centers, and 3,500+ direct delivery centers. Approximately two-thirds of its revenue comes from providing third-party logistics and delivery services to e-commerce companies.
Read more - Delhivery Appoints Prashant Gazipur as Senior Vice President of Operations.
Delhivery Net worth in Rupees
As of March 24, 2024 report. Delhivery's net worth in Indian ruppes is estimated to be around 34,000 crore rupees.
Delhivery Founders
Sahil Barua, Mohit Tandon(Co-founder ), Bhavesh Manglani(Co-Founder ), Suraj Saharan(Co-Founder), and Kapil Bharati(Co-Founder ) are founders of Delhivery.
Delhivery Founder Sahil Barua
He played major role in saving the Delhivery company and helping it reach greater heights. Sahil Barua did mechanical engineering at NIT in Karnataka and MBA from IIM Bangalore.
Bhavesh Manglani Co-Founder at Delhivery
As mention on linkedin he is passout 2008 batch at IIM Calcutta and 2006 batch at DA-IICT. Bhavesh Manglani is passionate about technology, engineering, automation, leadership.
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