Delhivery down 3% as Co slips into red in Q4 after reporting profit in Q3

Delhivery stock price dipped 3.2 per cent to Rs 439.25 apiece on the BSE on Saturday, during the special trading session, after the company slipped into losses again in the March quarter (Q4FY24).

At 10:00 AM, Delhivery stock price was at day’s low as against the benchmark S&P BSE Sensex’s 0.02 per cent gain.

During Q4FY24, Delhivery posted a loss of Rs 68.5 crore as against a profit of Rs 11.7 crore in the December quarter (Q3FY24). On a year-on-year (Y-o-Y) basis, however, the loss narrowed down 57 per cent from Rs 159 crore posted in Q4FY23.