Delhivery shares climb 2% as CCI clears ₹1,407-crore acquisition of Ecom Express
Shares of logistics company Delhivery rose over 2 percent in intra-day trading on Wednesday after the Competition Commission of India (CCI) approved its proposed acquisition of a majority stake in rival Ecom Express Ltd. The move marks a significant consolidation in India's e-commerce logistics space and aims to strengthen Delhivery's last-mile delivery and fulfilment capabilities.
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
Mint
34 minutes ago
- Mint
Ahmedabad plane crash: DGCA asks Air India for details of inspections, audits since 2024, says report
The Directorate General of Civil Aviation (DGCA) has sought flight operations inspectors to provide details of all inspections and audits conducted for Air India since 2024, sources said on Saturday. The details on the findings of the inspections and audits will have to be submitted by Sunday, they said, news agency PTI reported. The DGCA has sought these details for 2024 and 2025 (to date), in an email communication which came a day after the aviation safety regulator issued a show-cause notice to the airline for flight duty time limitations (FDTL) violations, the report citing sources said. The DGCA had also ordered removal of the airline's three senior officials from their respective roles for certain lapses. The data has been sought on planned and unplanned inspections, audit, cockpit/enroute, station facility, ramp and cabin inspection among others, as per the communication, the PTI report added. The directives come after an Air India flight from Ahmedabad to London Gatwick carrying 242 passengers and crew members crashed shortly after takeoff on June 12, killing over 270 people onboard and on the ground. The DGCA ordered Tata Group-owned Air India to remove three senior officials for lapses in crew scheduling and rostering and issued a show-cause notice to the airline for violating FDTL norms, sources said on Saturday. In its order of June 20, the DGCA noted that the three officials, including a divisional vice-president, were involved in "serious and repeated lapses, including unauthorised and non-compliant crew pairings, violation of mandatory licensing and recency norms and systemic failures in scheduling protocol and oversight". The DGCA directed the airline to initiate proceedings against these three officials without delay, the PTI report said. Air India in a statement said it has acknowledged the regulator's directive and implemented the order. "In the interim, the company's chief operations officer will provide direct oversight to the Integrated Operations Control Centre (IOCC). "Air India is committed to ensuring that there is total adherence to safety protocols and standard practices," the airline said in a statement. ARMS (Air Route Management System) is the software platform used by the airline for various operational and management tasks, including crew rostering and flight planning, among others. A total of 247 victims of the horrific June 12 Ahmedabad plane crash have been identified through DNA tests so far and 232 bodies have been handed over to their families, officials said on Saturday. The authorities have asked the families of eight victims to submit the DNA samples of another relative as the previous ones failed to match, they said. According to the report, police said the matching of DNA samples confirmed that Ahmedabad-based filmmaker Mahesh Jirawala, who was reported missing following the crash, died in the catastrophe. His mortal remains were handed over to his family. Authorities are carrying out DNA tests to establish the identity of the victims as many bodies were charred beyond recognition as the aircraft burst into flames or damaged on impact.
Hindustan Times
an hour ago
- Hindustan Times
India's most expensive literary award — the JCB Prize for Literature — is officially discontinued; everything to know
In a move that has left the Indian literary world stunned, the JCB Prize for Literature — once the country's most lucrative book award — has officially been discontinued. The ₹ 25-lakh award, which honoured the best work of fiction by an Indian author each year, has been shut down, with no future editions planned. JCB Prize for Literature The confirmation came on June 21 from Mita Kapur, Literary Director of the JCB Prize, who said, 'The prize has been shut down. I am not going to deny something that is evident. But for everything else, 'no comment'.' The last winner of the award was Upamanyu Chatterjee in 2024, for his novel Lorenzo Searches for the Meaning of Life. While the reasons for the shutdown remain unclear, the decision closely follows the cancellation of the JCB Literature Foundation's licence. A notice dated March 12 on the award's official website stated that the foundation had applied to the Registrar of Companies, Delhi & Haryana, seeking to revoke its Section 8(5) license under the Companies Act, 2013. It added that the organisation would now be reclassified as a 'Private Limited' company, no longer functioning as a foundation. The award was given by the 'foundation', which was established to promote the 'art of literature in India'. About the JCB Prize for Literature Founded in 2018, the JCB Prize was widely celebrated not just for its generous cash prize, but for its commitment to promoting Indian fiction across languages. Five out of the seven winning books were translations — a reflection of the prize's dedication to linguistic diversity. Landmark winners included Jasmine Days by Benyamin (translated from Malayalam), Delhi: A Soliloquy by M Mukundan (Malayalam), The Paradise of Food by Khalid Jawed (Urdu), and Fire Bird by Perumal Murugan (Tamil). Each shortlisted author received ₹ 1 lakh, and in the case of a translated work, the translator was awarded ₹ 50,000. When a translated novel won, the translator took home an impressive ₹ 10 lakh alongside the author's ₹ 25 lakh. As tributes pour in from authors, publishers, and translators across the country, the loss of the JCB Prize marks the end of a short yet impactful chapter in Indian literary history.
Indian Express
an hour ago
- Indian Express
Bike taxi riders rally at Vidhana Soudha, urge Karnataka govt to lift ban and frame policy
Several bike taxi riders from across Karnataka took out a bike rally to Vidhana Soudha in Bengaluru on Saturday, urging the state government to lift the ban on bike taxis and introduce a regulatory framework to govern their operations. Riders from cities including Mysuru, Mandya, Hassan, Davangere, Tumakuru, Ramanagara, Shivamogga, and Kanakapura participated in the rally. The protest comes in the wake of the Karnataka High Court's order directing bike taxi operators to suspend operations pending the formation of rules under Section 93 of the Motor Vehicles Act by the government. Bike taxi operators claimed that the ban has impacted the livelihoods of more than six lakh people across the state. Many participants claimed the ban has pushed them into financial distress, with no alternative source of income and increasing pressure to meet basic household needs such as groceries, rent, and school fees. 'Before the ban, I could earn enough to keep my family going. Now there's no money coming in,' said Ramesh, a rider from Tumakuru. Ravi, a rider from Mysuru, added, 'This ban hasn't just taken away our jobs – it's taken away our dignity.' Apart from riders, regular commuters have also been affected by the absence of bike taxis, with concerns raised over increased fares and limited transport options. Protesters highlighted that bike taxis had provided a quick and affordable last-mile connectivity option in urban and semi-urban areas. Riders have requested the state government to formulate a bike taxi policy that 'addresses safety, registration, and operational guidelines – similar to what is already in place in 19 other Indian states.' Meanwhile, Transport Minister Ramalinga Reddy has emphasised that the state government is not inclined towards drafting a bike taxi policy and that whiteboard two-wheelers cannot be used for commercial purposes. Officials of the road transport offices across Bengaluru also seized 103 bike taxis earlier this week for operating despite the Karnataka High Court's directive to suspend operations in the state. The transport department officials have booked the riders of the 103 bike taxis across RTO divisions in the central, west, south, north, east, Electronic City, and KR Puram, among others.
