Friday, 20 March, 2026
Delhivery Q1 Net Profit Soars 68% to ₹91 crore; Motilal Oswal Raises Target to ₹500
By Isha
Delhivery, the Indian third-party logistics firm, posted a 68.5% year-on-year jump in Q1 FY26 net profit, reaching ₹91 crore, driven by stabilized revenue and operational efficiency. Revenue rose 5.6% to ₹2,294 crore, while express parcel volumes surged 14% to 208 million shipments. Following strong results, Motilal Oswal upgraded its target price to ₹500, reinforcing investor confidence in Delhivery’s scalable growth and margin expansion.
Read full story at Economic Times