Delhivery’s profit party cut short as express slump dents growth
Delhivery Ltd’s shares are down about 15% since the company returned to net loss in its March quarter (Q4FY24) results, even as it recorded its first Ebitda-level profit for the whole of FY24. The culprit was the sharp slowdown in Delhivery’s key express-parcel segment (62% of FY24 revenue) owing to subdued online consumption and increased … Read more