DELHIVERY

Nov 5 (Reuters) - Delhivery Ltd DELH.NS:

• Q2 CONSOL NET LOSS 503.8 MILLION RUPEES

• Q2 CONSOL TOTAL INCOME 26.52 BILLION RUPEES

Source text: ID:nBSE8jsHYZ

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Oct 17 (Reuters) - Delhivery Ltd DELH.NS:

• SMALLCAP WORLD FUND SELLS 3.9 MILLION SHARES OF DELHIVERY IN BULK DEALS -NSE DATA

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** India's Delhivery DELH.NS climbs 3.5% to 445 rupees

** Courier services provider reports higher June-quarter profit and revenue

** DELH's Q1 results were above market consensus, led by higher profitability in its supply chain and truck load segments, says Macquarie

** Bernstein says DELH's Q1 results "ticked the right boxes", adding that the company reported margin expansion in a typically weak quarter

** Brokerage raises PT on stock to 510 rupees from 430 rupees

** Avg rating of 22 analysts on DELH at "buy"; median PT is 421.50 rupees - data compiled by LSEG

** Stock extends YTD gains to 29%

(Reporting by Kashish Tandon in Bengaluru)

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June 20 (Reuters) - Indian courier delivery firm Delhivery DELH.NS launched its short-haul parcel transport service in two locations on Friday, ramping up competition in a market dominated by the likes of Uber UBER.N and Kedaara Capital-backed Porter.

Near-distance parcel delivery - often within city limits - has grown increasingly popular, following the success of quick-commerce delivery services, where everything from milk to mobile phones is delivered within 10 minutes.

Currently, Uber, Swiggy SWIG.NS-backed ride-hailing app Rapido and Porter are among firms that ferry parcels from one area of a city to another.

Delhivery's service is currently live only in the national capital region and the southern IT hub of Bengaluru, but the company aims to rapidly expand to other key metro cities, MD and CEO Sahil Barua said in a statement.

Third-party logistics firms, including Delhivery, have been looking for options to diversify as their mainstay long-haul freight businesses battle intense competition from in-house logistics arms of e-commerce giants such as Amazon AMZN.O and Walmart WMT.N-backed Flipkart.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Janane Venkatraman)

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** Shares of logistics services provider Delhivery DELH.NS rise 2.2% to 366.75 rupees

** Competition Commission of India approves acquisition of at least 99.4% stake of Ecom Express ECOE.NS by DELH for up to 14.07 bln rupees ($162.96 mln)

** DELH up ~6% YTD

($1 = 86.3425 Indian rupees)

(Reporting by Vijay Malkar)

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June 17 (Reuters) - Delhivery Ltd DELH.NS:

• INDIA ANTITRUST AGENCY: APPROVES ACQUISITION OF AT LEAST 99.44% STAKE IN ECOM EXPRESS BY DELHIVERY

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** Delhivery DELH.NS climbs ~10% to 352.9 rupees; set for biggest intraday pct jump in nearly two years

** Logistics services firm reports 725.6 mln rupees ($8.5 mln) in Q4 consol profit vs year-ago loss of 684.7 mln rupees

** Revenue from contracts up 5.6% y/y

** Stock rated "buy" on avg, same as peers Blue Dart Express BLDT.NS and VRL Logistics VRLL.NS; Mahindra Logistics MALO.NS rated "hold", per data compiled by LSEG

** YTD, DELH rises ~2%

($1 = 85.5390 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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May 16 (Reuters) - Delhivery Ltd DELH.NS:

• DELHIVERY Q4 CONSOL PROFIT 725.6 MILLION RUPEES

• DELHIVERY Q4 CONSOL TOTAL INCOME 23.03 BILLION RUPEES

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April 22 (Reuters) - Delhivery Ltd DELH.NS:

• MARS PETCARE PARTNERS WITH DELHIVERY TO DEPLOY AI-POWERED TRANSPORTONE

Source text: ID:nBSEbRqMv7

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April 7 (Reuters) - ** Shares of courier and logistics services provider Delhivery DELH.NS rise 0.5% to 260.52 rupees

** Delhivery to buy IPO-bound rival Ecom Express for 14 billion rupees ($163.3 million)

** Emkay Global does not expect the deal to be add to profit in near term but believes gains will accrue over 12-18 months

** Avg rating of 20 analysts on DELH is "buy"; median PT is 393.50 rupees, per data compiled by LSEG

** Stock down 24.6% YTD up to last close

($1 = 85.7570 Indian rupees)

(Reporting by Shivani Tanna in Bengaluru)

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Feb 7 (Reuters) - Delhivery Ltd DELH.NS:

• Q3 CONSOL PROFIT 249.9 MILLION RUPEES; IBES PROFIT EST. 542.8 MILLION RUPEES

• Q3 CONSOL TOTAL INCOME 24.77 BILLION RUPEES

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Jan 27 (Reuters) - Delhivery Ltd DELH.NS:

• DELHIVERY - HPCL PARTNERS WITH DELHIVERY FOR PAN-INDIA LUBRICANT DISTRIBUTION

Source text: ID:nnAPN2L1SVU

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Jan 16 (Reuters) - Delhivery Ltd DELH.NS:

• DELHIVERY - LAUNCHES RAPID COMMERCE, A 2-HOUR DELIVERY SERVICE, FOR BRANDS

Source text: ID:nBSE4pLNWX

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** Shares of courier and logistics services provider Delhivery DELH.NS fall 2% to 411 rupees

** Kotak Institutional Equities cuts PT to 500 rupees from 560 rupees; maintains "buy" rating on stock

** Sees difficult zone for DELH, due to uncertain demand, pricing pressure from third-party peers

** Says DELH's express parcel may lack strength in FY25

** Avg rating of 21 analysts on DELH is "buy"; median PT is 500 rupees -LSEG data

** Stock has gained 5% so far this year

(Reporting by Ashna Teresa Britto in Bengaluru)

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Sept 24 (Reuters) - Sam Industries Ltd SAMI.BO:

• ENTERED INTO LEASE AGREEMENT WITH DELHIVERY LTD

• AGREEMENT TO PROVIDE WAREHOUSE IN INDORE ON LEASE TO DELHIVERY

Source text for Eikon: ID:nBSE9g9Zcl

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Sept 17 (Reuters) - Delhivery Ltd DELH.NS:

• CLARIFIES ON REPORT CO ANNOUNCES PARTNERSHIP WITH TEAM GLOBAL LOGISTICS

• CONFIRMS PARTNERSHIP WITH TEAM GLOBAL LOGISTICS FOR EXPANDING CROSS‐BORDER SERVICES

Source text for Eikon: [ID:]

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(Reporting by VijayDattaram Malkar)

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Sept 16 (Reuters) - Delhivery Ltd DELH.NS:

• CONFIRMS STRATEGIC PARTNERSHIP WITH TEAM GLOBAL LOGISTICS

Source text for Eikon: ID:nBSE7kf3M6

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(Reporting by VijayDattaram Malkar)

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Aug 29 (Reuters) - Delhivery Ltd DELH.NS:

• DELHIVERY - RESPONDS TO VOTING RECOMMENDATION REPORT BY PROXY ADVISORS ON RESOLUTIONS OF AGM

• DELHIVERY - URGES PROXY ADVISORS TO AMEND PROPOSED RECOMMENDATION ON RESOLUTIONS OF AGM

Source text for Eikon: ID:nBSE9zx4mv

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BENGALURU, Aug 15 (Reuters) - Logistics firm Ecom Express on Thursday filed for an initial public offering (IPO) worth up to 26 billion rupees ($310 million), its draft papers showed.

The IPO will consist of a fresh issue of shares worth up to 12.85 billion rupees while existing investors will offload shares aggregating to 13.16 billion rupees.

The e-commerce logistics firm, which counts Amazon and beauty products retailer Nykaa among its clients, looks to go public at a time when India's IPO space has seen more than 150 companies raise around $5 billion this year as of July-end.

The company, which competes with the likes of Delhivery DELH.NS and Blue Dart BLDT.NS, said it intends to use funds from the fresh issue towards setting up of new processing and fulfilment centres, investment in IT equipment and payment of debt.

Among those selling their existing stakes, Partners Group's PGHN.S PG Esmeralda and Warburg Pincus's Eaglebay Investment would sell holdings worth 9.31 billion rupees and 2.11 billion rupees, respectively.

Ecom Express reported a net loss of 2.54 billion rupees for the year ended March 31, 2024, compared with a loss of 4.22 billion rupees, a year earlier.

($1 = 83.9390 Indian rupees)

(Reporting by Nishit Navin; Editing by Vijay Kishore)

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Aug 2 (Reuters) - Delhivery Ltd DELH.NS:

• Q1 CONSOL PROFIT 543.6 MILLION RUPEES

• Q1 CONSOL TOTAL INCOME 22.8 BILLION RUPEES

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** Shares of Ascensive Educare ASCE.BO jumps 20% to hit upper circuit at 97.2 rupees

** Skill development firm signs deals with Blue Dart Express BLDT.NS and Delhivery DELH.NS for recruitment and payroll management, with expected turnover of ~220 million rupees ($2.64 million)

** Stock has risen 44% in last two sessions

** Stock sees second-busiest day in nearly two weeks, with over 54,000 shares traded

** Stock up 106.7% YTD, after gaining 91% in 2023

($1 = 83.4860 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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May 23 (Reuters) - Delhivery Ltd DELH.NS:

• ANNOUNCES TIE-UP WITH SUGAR COSMETICS

• ANNOUNCES TIE-UP WITH SUGAR COSMETICS FOR PAN-INDIA B2B SHIPMENTS

Source text for Eikon: ID:nBSE3XPkPg

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May 17 (Reuters) - Delhivery Ltd DELH.NS:

• LIQUIDATION OF DELHIVERY CORP

Source text for Eikon: ID:nBSE9QtSNh

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** Shares of logistics firm Delhivery DELH.NS rise as much a 6.2% to 478 rupees, highest since March 1

** Over 1 mln shares change hands in a block deal at 466.35 rupees per share, a 3.6% premium to Wednesday's close of 450.2 rupees per share- LSEG

** More than 4.2 mln shares change hands, 1.5x its 30-day avg

** Twenty-one analysts covering the stock on avg have a "buy" rating; median PT is 550 rupees - LSEG data

** DELH trading above its 200-day simple moving avg since late-Jan.

** Stock gained ~15% in March quarter

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Kotak upgrades logistics firm Delhivery DELH.NS to "buy," from "add;" raises PT to 570 rupees

** Stock up 1.3%, with vols around ~0.4x the 30-day avg

** While other players bleed as they grow volumes, DELH has improved earnings, will outperform industry over next 5 years and at pace of 1.2x for next 2 years - Kotak

** Brokerage believes DELH will hugely benefit as more ecommerce players join Amazon in outsourcing express delivery

** Adds peers have limited defence against co's "unrelenting" pricing pressure

** Sees revenue growing 20% CAGR from FY24-32 and higher market share

** Avg rating of 21 analysts is equivalent to 'buy' with 11 of them rating it a 'strong buy' - LSEG

** Median PT is 550 rupees - LSEG data

** Over last 12 months, stock up 38.2%; YTD, it is up 19.5%

(Reporting by Nandan Mandayam in Bengaluru)

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BENGALURU, Feb 27 (Reuters) - Indian logistics firm Shadowfax on Tuesday said it raised $100 million in a funding round led by U.S. private equity firm TPG TPG.O to extend last-mile delivery services.

The company declined to disclose the valuation at which it raised the funds. It was last valued at $632 million, as of April 2022, per data from investment tracker Tracxn.

Besides TPG, existing investors, including Walmart WMT.N-owned e-commerce platform Flipkart, fund house Mirae Asset, and International Finance Corp, also participated in the funding round, according to a statement.

Early investor Eight Roads Ventures sold some of its stake in Shadowfax, the statement said, without specifying details.

"This round encompasses a blend of primary, secondary and venture debt financing," Shadowfax said.

Logistics firms such as Shadowfax, Delhivery DELH.NS and DHL-owned Blue Dart Express BLDT.NS have hugely benefited as Indians increasingly shop online for everything from electronics to fashion.

Annual e-commerce shipment volumes in India are expected to grow at least five-fold to 20 billion by 2030 from 3.9 billion in 2022, according to a report by consultancy firm Redseer.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Sonia Cheema)

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Feb 2 (Reuters) - Indian logistics firm Delhivery DELH.NS posted its first-ever quarterly profit since listing on Friday, helped by healthy demand for online shopping during the festive season.

Consolidated profit for the three months ended Dec. 31 was 117.1 million rupees ($1.41 million) compared with a loss of 1.96 billion rupees a year earlier, the company said in an exchange filing.

"We are satisfied that network quality remained robust even through the peak season," said Sahil Barua, MD & CEO of the Gurugram-based company.

Analysts had said the company, which delivers orders for Amazon AMZN.O and Walmart WMT.N-owned Flipkart, would achieve profit after tax break-even by the second half of fiscal year 2025.

Revenue from the company's express parcel services, which contributes more than half to the total, climbed 21% year-on-year.

The company, which also operates the Part Truckload and Truckload businesses, saw its total income rise 21% to 23.25 billion rupees.

Total expenses were up 7.7%, with freight, handling and servicing costs jumping 11.5%.

Rival Blue Dart Express BLDT.NS reported a marginal rise in quarterly profit last week, driven by a recovery in demand during the festive season.

Delhivery also approved a scheme of amalgamation for the merger of its units Spoton Logistics and Spoton Supply Chain Solutions into and with the company.

Shares of Delhivery closed 0.9% up ahead of the results.

($1 = 82.8870 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru;Editing by Sohini Goswami)

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BENGALURU, Jan 29 (Reuters) - Indian freight operating company Mahindra Logistics MALO.NS reported a loss for a fourth straight quarter, hurt by mounting costs and a persistent decline in its express cargo business amid stiff competition.

The logistics arm of the tech-to-tractor conglomerate Mahindra Group posted a consolidated net loss after tax of 174.1 million rupees ($2.1 million) in the quarter ended Dec. 31, compared with a profit of 13.9 million rupees a year ago.

During the quarter, a 6% jump in total expenses to 14.13 billion rupees outweighed a 5% rise in revenue to 13.97 billion rupees.

"Q3 FY24 was a period of moderate demand. Continuing growth in engineering and FMCG segments were offset by slow growth in other markets," CEO and Managing Director Rampraveen Swaminathan said in a statement.

The company's profitability has been hit by intensive competition from international and domestic players in the previous quarters as well.

Persistent losses in the express cargo business Rivigo, which was acquired in 2022, also weighed on Mahindra Logistics' profit.

Festive season volume growth was offset by lower volumes due to increased shutdowns in e-commerce and some automotive original equipment manufacturers, CEO Swaminathan said.

Mahindra Logistics incurred a 99.4-million-rupees loss from its mainstay segment of supply chain management during the reported quarter.

The company competes with firms such as Delhivery DELH.NS, which has yet to report earnings for the December quarter, while peers like Blue Dart Express BLDT.NS have reported a marginal increase in quarterly profit after four quarters of losses.

Shares of Mahindra Logistics closed 1% higher ahead of results.

($1 = 83.1050 Indian rupees)

(Reporting by Manvi Pant and Hritam Mukherjee in Bengaluru; Editing by Eileen Soreng and Mrigank Dhaniwala)

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** Shares of Delhivery DELH.NS up ~5.25% and set for fourth consecutive session of gains

** Stock set for best one-day rise since mid-October and four-day jump since mid-June if trend holds

** DELH on Wednesday launched its largest trucking terminal in Maharashtra

** DELH rose 0.38% in the previous session, amid drop in Indian small- and mid-cap, and blue-chip stocks

** Maharashtra facility is equipped to process over 32,000 shipments and 17,000 freight units per hour, says DELH

** Macquarie reiterated "outperform" rating and estimated a 44.4% growth in stock value in next 12 months, terming it the "preferred India e-commerce proxy"

** Trading volume is 2.83 mln shares, 1.3 times the 30-day avg - LSEG data

** Including day's gains DELH up 15% YTD, compared to 7.41% and 6.33% drop in Allcargo Logistics ACLL.NS and Blue Dart Express BLDT.NS, respectively

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of India's Delhivery DELH.NS rise 3.4% to 376.4 rupees, posting sharpest intraday pct gain since Oct. 27

** Macquarie sees DELH achieve profit after tax break-even by H2FY25

** Co estimates volume share within third-party logistics segment is about twice its closest peer - brokerage

** Adds, profitable growth in partial truck load segment, market share gain in express parcel segment, "judicious" look at M&A to scale up business "key priorities" in next 12-18 months

** Shares on track to rise for third straight day, set to snap two consecutive weeks of losses

** Macquarie's PT of 520 rupees is 13.5% higher than average PT of 19 analysts covering the stock - LSEG data

** Including day's gains, stock up more than 13% YTD

(Reporting by Hritam Mukherjee in Bengaluru)

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