Delhivery shares climb 2% as CCI clears ₹1,407-crore acquisition of Ecom Express
In a statement issued on Tuesday, the CCI confirmed its approval for Delhivery Ltd to acquire at least 99.44 percent of the equity and preference shares of Ecom Express on a fully diluted basis. This acquisition, valued at up to ₹ 1,407 crore, is seen as a strategic effort to expand Delhivery's operational scale and competitive edge.
Delhivery had first announced the deal in April 2025, noting that the entire transaction would be executed in cash. Ecom Express, a Gurugram-based logistics company focused on e-commerce deliveries, reported a turnover of ₹ 2,607.3 crore in FY24—an uptick from ₹ 2,548.1 crore in FY23.
The acquisition is expected to help Delhivery bolster its dominance in the e-commerce delivery market by expanding its warehousing, fulfilment, and last-mile infrastructure. With the Indian e-commerce sector expected to see strong double-digit growth, this deal is poised to enhance Delhivery's value proposition to online retailers and deepen its market presence.
Delhivery stated that the consolidation aligns with its broader strategy of becoming India's most comprehensive logistics platform. With Ecom Express' expertise in secure and high-volume deliveries, especially in tier-2 and tier-3 markets, the acquisition will likely improve service reach and operational efficiency.
Delhivery recently reported its first-ever full-year net profit in FY25. The company posted a net profit of ₹ 162 crore, reversing a loss of ₹ 249 crore in FY24. For the March quarter, Delhivery recorded a net profit of ₹ 72.6 crore compared to a loss of ₹ 68.5 crore in the same period last year.
Revenue for Q4FY25 rose 5.6 percent year-on-year to ₹ 2,191.6 crore. The company's EBITDA nearly tripled to ₹ 119 crore from ₹ 45.7 crore in Q4FY24, while operating margins improved to 5.45 percent from 2.2 percent a year ago.
Following the announcement, Delhivery's stock rose 2.1 percent to an intra-day high of ₹ 366.50. The scrip remains nearly 18 percent below its 52-week high of ₹ 447.75 hit in September 2024, but well above its 52-week low of ₹ 236.80 recorded in March 2025.
Despite a 12 percent decline over the past year, Delhivery has staged a notable comeback in recent months. The stock has gained 2 percent so far in June, extending its winning streak to four months. It rose 17 percent in May, 20 percent in April, and 2 percent in March, recovering from steep losses of 22 percent in February and 7.2 percent in January.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
22 minutes ago
- Time of India
Space and defense firm Firefly's US IPO filing reveals 2024 revenue growth
By Prakhar Srivastava AE Industrial Partners-backed space and defense technology company Firefly Aerospace on Friday disclosed a 10% rise in 2024 revenue in its filing for an initial public offering in the United States. Firefly revealed a revenue of $60.8 million in 2024, compared to $55.2 million the previous year. The U.S. IPO market is witnessing renewed interest and vigor, especially for space listings, as investors return after months of sluggish activity earlier this year triggered by policy shifts and tariff uncertainty under President Donald Trump. "There is a 'window of opportunity' in space-related IPOs," said IPOX CEO Josef Schuster, adding that there was strong investor appetite for space-related offerings. "This is driven by enthusiasm about the growth prospects of the sector." Space firms Voyager Technologies and Karman Holdings received warm welcomes when they debuted listings earlier this year. Texas-based Firefly designs and manufactures small and medium lift launch vehicles, lunar landers and orbital transfer vehicles. It scored its first Moon landing in March with the Blue Ghost spacecraft, joining a handful of private companies competing to reach the frontlines in a global lunar race. Firefly secured a valuation of $2 billion in a November 2024 funding round. It intends to list on the Nasdaq under the symbol "FLY". Goldman Sachs, JPMorgan, Jefferies and Wells Fargo are the lead underwriters for the offering.
Hindustan Times
22 minutes ago
- Hindustan Times
Auto recap, July 11: Tesla to inaugurate its 1st dealership, Toyota Glanza gets 6 airbags and more
Tesla is all-set to launch in the Indian market. (AP Photo/Robert F. Bukaty, File) (AP) Check Offers The automotive sector is undergoing swift transformations, making it challenging to remain updated on all the recent developments. At HT Auto, we are committed to providing the most pertinent and up-to-date information as it emerges. Presented below is a brief summary of the main highlights from Friday, July 11. Toyota Glanza Prestige Edition launched In conjunction with the safety enhancement, Toyota has launched a new limited-time accessory bundle known as the "Prestige Package." This package, which is available until July 31, features a variety of cosmetic enhancements aimed at improving the vehicle's aesthetics and interior experience. The items included in the package consist of chrome-trimmed body side mouldings, premium door visors, rear lamp and lower grille garnishes, illuminated door sills, and a rear skid plate. These accessories are installed by dealers and are provided as an optional upgrade. Apart from this, the premium hatchback also gets 6 airbags as standard. Also Read : Toyota Glanza Prestige Edition launched, now gets 6 airbags as standard Tesla to launch its first experience center Tesla is poised to launch its inaugural experience centre in Mumbai. This centre is situated in Bandra Kurla Complex (BKC) and is scheduled to open on July 15. It is anticipated that Elon Musk will make an appearance at the experience centre, given that it is the first of its kind in our nation. However, this has not been officially confirmed as of yet. This highly anticipated move will formally mark the company's entry into the world's third-largest automotive market. Following Mumbai, the next experience centre may be established in New Delhi. The prominent American electric vehicle manufacturer has begun importing its Model Y rear-wheel drive SUVs from its Shanghai facility, signaling the start of its retail operations in India. As per import records obtained by Bloomberg News, at least five Model Y units have arrived at Mumbai port. Also Read : Tesla to launch its first experience centre in Mumbai on July 15 Renault Boreal unveiled globally The Renault Boreal, a new C-segment SUV, features advanced driver assistance systems, an OpenR Link multimedia system with Google services, and a flexible modular platform. Set to launch in Latin America and Turkey from late 2025, its arrival in India remains uncertain despite growing local interest in mid-size SUVs. Also Read : Renault unveils Boreal SUV based on ultra-flexible modular platform. Will it come to India? Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 12 Jul 2025, 07:15 am IST
Hans India
25 minutes ago
- Hans India
Digital empowerment a game-changer for women entrepreneurs
Bengaluru: As India pursues its $5 trillion economic ambition, digital empowerment is emerging as a key catalyst for women entrepreneurs, according to insights shared at a two-day national workshop jointly organised by the United Nations ESCAP and the Ubuntu Consortium in Bengaluru. Titled 'Skill Development of Women Entrepreneurs: Enhancing Business Opportunities Through Digital Tools', the event was held under UN-ESCAP's regional initiative, E-Commerce Capacity Building for Women-led MSMEs in South Asia. The workshop brought together senior policymakers, digital experts, entrepreneurs and ecosystem enablers to explore ways to strengthen women-led MSMEs through technology and digital literacy. From pandemic crisis to digital opportunity Speaking at the event, Mrs. K. Ratnaprabha, Founder-President of Ubuntu and former Chief Secretary of Karnataka, recalled how the digital skilling journey began during the COVID-19 lockdown. 'Over 100 women joined our initial online training sessions. Many of them went on to significantly grow their businesses,' she noted. Since 2022, over 3,300 women across India have undergone digital training through the Ubuntu–UN ESCAP collaboration. Ratnaprabha also announced two upcoming initiatives: Ubuntu's flagship Together We Grow event on November 19 and an International Agritech Exhibition at BIEC from August 1–3. Bridging the export gap Dr. Rajan Sudesh Ratna, Deputy Head, UN ESCAP, and Mr. Padmanabhan Babu, CEO, LEXSHIP, underlined how digital tools can open global markets for Indian women entrepreneurs. Babu noted that women comprise only 8% of India's export business ownership—far behind nations like the US and Australia where the share ranges from 30–40%. To address this, Babu announced the establishment of an Export Promotion Hub in Bengaluru, in collaboration with the Ministry of Commerce. Modelled after passport service centres, it will act as a one-stop solution for MSME exporters and is expected to be operational by September. Removing barriers, creating ecosystems Mikiko Tanaka, Head of UN ESCAP South and South-West Asia Office, pointed to persistent barriers such as lack of finance, digital skills, and market visibility. 'Only 20% of India's 58.5 million MSMEs are women-run. Without targeted support, many risk being left behind in the digital shift,' she said. She praised Ubuntu's collaborative model as a successful ecosystem that fosters inclusion, particularly in emerging sectors such as AI and e-commerce. On-the-ground impact Highlighting grassroots success, Mrs. Hemalatha Gopalaiah, former Deputy Mayor of Bengaluru, cited examples from Mahalakshmi Layout where over 4,500 women are engaged in entrepreneurial ventures including tailoring, catering, and beauty services. 'These women are not only self-reliant but are mentoring others as well,' she said.
