Highlights
SBI Mutual Fund Reduces Stake in Delhivery
SBI Mutual Fund has reduced its stake in the logistics giant Delhivery, decreasing its shareholding by over 2% from the previously reported figures. This update was communicated to Delhivery in compliance with SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) regulations.
In April 2023, SBI Mutual Fund had reported a 7.91% ownership in Delhivery. The fund has since divested 18.18 lakh shares, equating to 0.24% of Delhivery’s paid-up equity capital. Based on Delhivery’s closing price of Rs 409 on December 22, this transaction is approximated to be valued at around Rs 74 crore.
Current Holdings
Following this transaction, SBI Mutual Fund now maintains a total of 4.25 crore shares in Delhivery, which represents 5.69% of the company’s overall paid-up share capital.
Financial Performance of Delhivery
In financial terms, Delhivery’s revenue from operations rose by 17%, reaching Rs 2,559 crore in Q2 FY26, up from Rs 2,190 crore in Q2 FY25. However, the company reported a loss of Rs 50 crore in Q2 FY26, a stark contrast to a profit of Rs 10 crore during the same period in the previous year. For the first half of the fiscal year, Delhivery’s profit fell by 37% to Rs 40.5 crore in H1 FY26 compared to Rs 64.5 crore in H1 FY25.
Current Market Status
The share price of Delhivery is currently trading at Rs 409.8 (as of 12:53 PM) on the NSE, which gives the company a market capitalisation of Rs 30,656 crore, approximately $3.4 billion.