Q4 Profit Boosts Delhivery’s
- 19th May 2025
Aaj Ka Bazaar
Indian equities are poised for a subdued start to the week, despite a strong showing last week where the Nifty 50 surged over 4%, driven by easing geopolitical tensions, robust FII inflows, and positive global sentiment. Wall Street ended higher on Friday, marking its fifth consecutive day of gains, buoyed by optimism surrounding the U.S.-China tariff truce. However, sentiment was partially dampened by weaker-than-expected consumer sentiment data, pointing towards a possible slowdown in the U.S. economy. In early Monday trading, U.S. stock futures declined by 0.2% following a credit rating downgrade from Aaa to Aa1, which has weighed on investor sentiment. A key dollar index slipped 0.3%, and U.S. Treasuries remained largely flat. Asian markets opened weaker, with Japan, Australia, and South Korea trading in the red, indicating cautious risk appetite in the region. In corporate developments, Vodafone Idea is in focus after the Indian government rejected its plea to waive over $5 billion in interest and penalties related to statutory dues. The financially strained telecom operator has approached the Supreme Court, citing public interest, and warned that without government support, it may not be able to continue operations beyond FY26.
Markets Around Us
BSE Sensex – 82,219.44 (-0.14%)
Nifty 50 – 25,014.65 (-0.02%)
Bank Nifty – 55,388.65 (0.06%)
Dow Jones – 42,324.86 (-0.77%)
Nasdaq – 19,211.10 (0.52%)
FTSE – 8,684.56 (0.59%)
Nikkei 225 – 37,641.22 (-0.77%)
Hang Seng – 23,230.95 (-0.49%)
Sector: Logistics Solution
Delhivery Q4 Profit Surges 190%
Delhivery posted strong Q4 FY25 results, reporting a net profit of ₹72.6 crore a sharp turnaround from a ₹68.5 crore loss in the same quarter last year and a 190% jump from ₹25 crore in Q3. Revenue stood at ₹2,192 crore, up 6% year-on-year but down 7.8% sequentially. EBITDA more than doubled to ₹119 crore, with margins improving to 5.4%. For the full year FY25, the company reported its first-ever annual net profit of ₹162 crore, compared to a loss of ₹249 crore in FY24. Full-year EBITDA nearly tripled to ₹376 crore, with a margin of 4.2%. The company continues to focus on improving profitability, especially in its core logistics business. It also mentioned that its acquisition of Ecom Express, worth up to ₹1,407 crore, is pending regulatory approval and will make Ecom a subsidiary once completed. The management expects further growth momentum in FY26.
Why it Matters:
This news matters because Delhivery has turned profitable for the first time, signaling a major shift in its financial strength and long-term sustainability. Strong EBITDA growth and margin improvements reflect better operational efficiency. The upcoming Ecom Express acquisition could further strengthen its market position in the logistics space.
NIFTY 50 GAINERS
BAJAJ-AUTO – 8720.00 (2.80%)
EICHERMOT – 5615.00 (1.91%)
HEROMOTOCO– 4419.60 (1.71%)
NIFTY 50 LOSERS
INFY – 1569.90 (-1.26%)
ETERNAL – 243.11 (-1.08%)
TCS – 3535.80 (-0.72)
Sector : Civil Construction
KEC International Ltd., a leading global infrastructure EPC company and part of the RPG Group, on May 17, late Saturday, announced new transmission and distribution (T&D) project orders worth ₹1,133 crore in India. The order wins include a major contract from Power Grid Corporation of India Limited (PGCIL) for the construction of a ±800 kV HVDC transmission line and a 765 kV GIS substation. In addition, the company has secured an order from a leading private developer for a 400 kV Quad transmission line. Commenting on the development, Vimal Kejriwal, Managing Director and CEO of KEC International, said, “We are particularly proud to secure yet another HVDC (High Voltage Direct Current) order, building on the strong foundation laid by last year’s wins. We maintain a strong and optimistic outlook on the sector’s growth, driven by the country’s accelerating energy demands and the government’s firm commitment to expanding renewable energy and strengthening transmission infrastructure.” These new orders, the company stated, will contribute significantly to its targeted growth trajectory and support India’s push towards robust and future-ready energy infrastructure.
Why it Matters:
This matters because KEC International’s ₹1,133 crore order win boosts its order book and reinforces its leadership in India’s power transmission sector. Securing high-voltage projects like HVDC lines signals strong execution capability. It also aligns with India’s growing energy needs and infrastructure development goals.
Around the World
Asian stock markets slipped on Monday as concerns over global economic growth weighed on investor sentiment. The drop followed a downgrade of the U.S. credit rating by Moody’s, which raised worries about rising debt levels. At the same time, mixed signals from China added to the cautious mood while industrial production was stronger than expected in April, weak retail sales and business investment showed the economy is still under pressure. U.S. stock futures also fell, reflecting a broader risk-off attitude. Markets in Japan, South Korea, Singapore, and China all edged lower. Australia’s market remained flat as investors await the Reserve Bank of Australia’s rate decision, with expectations of a small rate cut but a cautious tone ahead. Japan’s recent weak GDP and upcoming inflation data are also being closely watched. In India, Gift Nifty futures pointed to a soft start after strong gains last week. Overall, traders are staying cautious amid uncertain global signals.
Option Traders Corner
Max Pain
Nifty 50 – 24900
Bank Nifty – 55000
Nifty 50 – 25014 (Pivot)
Support – 24,958, 24,897, 24,841
Resistance – 25,075, 25,131, 25,192
Bank Nifty – 55314 (Pivot)
Support – 55,210, 55,066, 54,961
Resistance – 55,459, 55,563, 55,707
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