Shares of Delhivery rallied over 9 percent in early trade on Monday, November 2, after the logistics major swung back to profitability in the second quarter of the financial year 2026-27 (Q2 FY27), driven by growth in its transport services business which comprises its ecommerce shipment and part-truck load transportation verticals. The stock also gained momentum from positive brokerage commentary after the company's July-September quarter results, released on Friday.
Delhivery shares surged 9.67 percent to hit an intraday high of Rs 423.35 on the BSE, compared with the previous close of Rs 386. The stock opened at Rs 400 mark in early trade and was quoting 8.83 percent higher at Rs 420.10, up Rs 34.10, around 10:05 am.
The Gurugram-based logistics company reported posted a net profit of Rs 41 crore in the reporting quarter, compared with a net loss of Rs 50 crore in the corresponding quarter last year. Delhivery had reported a net profit of Rs 32 crore in the April-June quarter of FY27.
The company reported a 20 percent year-on-year (YoY) increase in operating revenue to Rs 3,066 crore in the September quarter. The turnaround followed an improvement in the company's operating performance over recent quarters.
Express parcel, or the ecommerce shipment business, reported a 32 percent YoY volume growth and a 22 percent revenue growth during the September quarter. This is Delhivery’s biggest business vertical.