Delhivery shares tumble 6% despite strong revenue growth. The logistics company reported Q4 net profit of ₹72.39 crore, essentially flat year-over-year, while total income surged 26.31% to ₹2,909 crore. Investors reacted negatively to softer profitability and integration costs from the Ecom Express acquisition, despite robust express parcel volume growth of 73% year-over-year reaching 306 million parcels. UBS maintains a buy rating with a ₹630 target price, citing strong operational momentum and margin expansion. Goldman Sachs holds neutral at ₹480, noting that while revenue beat estimates, lower realizations across segments pressured margins. Full year FY26 profit declined 6.81% to ₹152.54 crore as integration expenses offset strong operational performance in core transport and express businesses.
