Page 2 - Delhivery

Delhivery partners SUGAR Cosmetics for pan-India B2B logistic operations

Logistics company Delhivery on Thursday announced a partnership with SUGAR Cosmetics, a home-grown beauty brand to spearhead its pan-India B2B logistic operations. The logistics company has been a long-standing partner for the brand's D2C express parcel shipping, Delhivery said in an exchange filing. Further, Delhivery said in the statement that its extensive networks, technology-driven solutions, and express Part Truck Load (PTL) services will ensure faster delivery of B2B consignments, allowing SUGAR Cosmetics to better serve their retail partners. Commenting on the partnership, SUGAR Cosmetics supply chain Vice President Amartya Guha said SUGAR Cosmetics is on a high growth trajectory and needs a logistics partner that comprehends the demands of the digital native generation. Varun Bakshi, Head of Delhivery's Express Part Truckload business, said that brands like SUGAR Cosmetics, which have an omnichannel strategy, heavily benefit from their express PTL service for quick stock .

Delhivery down 3% as Co slips into red in Q4 after reporting profit in Q3

During Q4FY24, Delhivery posted a loss of Rs 68.5 crore as against a profit of Rs 11.7 crore in the December quarter (Q3FY24)

Delhivery Q4 results: Net loss narrows to Rs 68 cr, total income up 13.5%

The company reported a consolidated loss of Rs 68.47 crore ($8.21 million) for the quarter ended March 31, compared with a loss of Rs 159 crore a year ago

CPPIB sells 2.8% stake in Delhivery for Rs 908 crore via open market

The Canada Pension Plan Investment Board on Wednesday divested a 2.8 per cent stake in supply chain and logistics firm Delhivery for Rs 908 crore through an open market transaction. US-based financial services company Capital Group, Fidelity Investments, HSBC, and the Master Trust Banker Japan Ltd A/C HSBC Indian Equity Mother Fund were the buyers of Delhivery shares on the NSE. According to the block deal data available with the National Stock Exchange (NSE), Canada Pension Plan Investment Board (CPPIB) sold 2,04,50,000 shares, amounting to a 2.8 per cent stake in Delhivery. The shares were disposed of at an average price of Rs 444.30 per piece, taking the transaction value to Rs 908.59 crore. After the latest transaction, CPPIB's shareholding has declined to 3.16 per cent from 5.96 per cent (as of March 2024 shareholding data showed on the BSE). On Wednesday, shares of Delhivery fell 0.09 per cent to close at Rs 448 apiece on the NSE. In September 2019, CPPIB announced that it

Chimetech Holding divests 1% stake in Delhivery worth Rs 360 crore

Chimetech Holding on Friday divested 1 per cent stake in logistics and supply chain firm Delhivery for Rs 360 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Chimetech Holding Ltd sold more than 76.64 lakh shares, amounting to a 1.04 per cent stake in Delhivery. The shares were disposed of at an average price of Rs 470.01 apiece, taking the transaction value to Rs 360.25 crore. As of December 2023, Chimetech Holding Ltd owned 1.31 per cent shareholding in Delhivery. Details of the buyers could not be ascertained. The scrip of Delhivery declined 1.78 per cent to settle at Rs 464.70 apiece on the NSE. In another bulk deal on the NSE, Amansa Holdings offloaded shares of pharmaceutical company Suven Pharmaceuticals for Rs 215 crore through an open market transaction. Amansa Holdings sold 31.26 lakh shares of Suven Pharmaceuticals at an average price of Rs 689.19 apiece, taking the deal size to Rs 215.48 cror

From Delhivery to Zomato, Q3 sees startups turn a profitable corner

Startups like Delhivery, Zomato, PolicyBazaar, Mamaearth, and Nykaa have either become profitable or improved their profit margins in Q3FY24

Near term positive for Delhivery as firm clocks first profit in Q3

Stellar Q3 results, strategic buys position firm for continued success in beverage market

Delhivery Q3 results: Logistics major turns profitable with Rs 11.7 cr PAT

Delhivery's revenue from operations stood at Rs 2,194 crore in Q3 FY24, up 20 per cent year-on-year (Y-o-Y) from Rs 1,822 crore in Q3 FY23

Delhivery Q3 results: Logistics firm turns profitable, revenue jumps 21%

Consolidated profit for the three months ended Dec. 31 was Rs 11.71 crore ($1.41 million) compared with a loss of Rs196 crore a year earlier, the company said in an exchange filing

Demand for industrial spaces in Delhi-NCR fell 42% last year: Colliers

The share of Delhi-NCR in the total demand across five cities came down to 20 per cent from 36 per cent in the 2022 calendar year

Analysts divided, but Delhivery's stock underperformance may reverse

Delhivery provides solutions to 23,113 customers, including e-commerce marketplaces, direct-to-consumer e-tailers, and enterprises across verticals

Softbank sells 2.5% stake in logistics firm Delhivery for Rs 739 crore

The names of the buyers were not disclosed by the exchange

SoftBank pares 2.5% stake in logistics firm Delhivery worth Rs 739 cr

Japanese conglomerate Softbank on Friday divested a 2.5 per cent stake in integrated logistics provider Delhivery for Rs 739 crore through an open market transaction. According to the bulk deal data available with the NSE, Softbank through its affiliate SVF Doorbell (Cayman) Ltd sold 1,83,05,480 shares, amounting to a 2.5 per cent stake in Delhivery. The shares were disposed of at an average price of Rs 403.51 apiece, taking the aggregate deal size to Rs 738.64 crore. After the transaction, Softbank's shareholding in Delhivery has reduced to 11.96 per cent from 14.46 per cent. Shares of Delhivery fell 3.46 per cent to close at Rs 399.55 apiece on the NSE. In March, Softbank divested a 3.8 per cent stake in Delhivery for Rs 954 crore through open market transactions. Over the past few months, Softbank divested its stake in online food ordering company Zomato and Policybazaar's parent firm PB Fintech.

RIL, banks, IT stocks drag Sensex 188 pts down, Nifty below 19,750

Closing Bell on November 17, 2023: The broader markets, on the other hand, notched gains with the BSE MidCap and SmallCap indices rising 0.27 per cent and 0.36 per cent, respectively

Stocks to Watch today, Nov 17: Delhivery, IDBI Bank, TVS Motor, Oil-linked

Stocks to Watch on Friday, November 17, 2023: SoftBank may offload around 31 million, or 4 per cent stake, in Delhivery for $150 million

SoftBank likely to sell stake worth $150 mln in India's Delhivery

In March, the group had sold 3.8% stake in the logistics firm

Stocks to Watch today: SBI, IndiGo, Titan, Zomato, RIL, BoI, BoB, Delhivery

Stocks to watch on Monday, November 06, 2023: Shares of PSU Banks are likely to hog the limelight following Q2 results announced by major banks over the weekend.

Delhivery Q2 result: Net loss at Rs 103 cr, revenue up 8% to Rs 1,942 cr

The logistics firm also made a few leadership appointments aimed at creating experienced long-term leaders for key functions and business roles

Go First case: New NCLT bench to hear petitions of airline, lessors

The NCLT bench had asked the registry to list the matter before the tribunal president for clarification, while hearing applications filed by 10 lessors in the Go First case

Delhivery partners with Nexus Ventures, AWS for accelerator programme

Logistics company Delhivery has partnered with private equity firm Nexus Ventures and Amazon Web Services to launch an accelerator programme for budding entrepreneurs in the logistics space, a statement said on Tuesday. The programme, Velocity, will help build a logistic ecosystem to enable new entrepreneurs to convert their ideas into viable, functional business solutions, Delhivery Chief Technology Officer and Executive Director Kapil Bharati said. Leading cloud services provider AWS is providing activate cerdits of USD 25,000 (around Rs 21 lakh) to selected startups for building and scaling technology infrastructure. In the first edition of the programme, 20 out of 234 applicants were picked for providing mentorship, the statement said. Warehousing-focused ODWEN, Wherehouse, and Warehousity; EV fleet providers, including EVIFY and Zyngo, agritech startups such as Upjao Agrotech and E Sandhai and aggregator platforms Paapos, Hyphen SCS, and Loadexx were among the selected startu