{
  "id": 17751640,
  "title": "Delhivery shares jump 9.5% after Q2 results; JPMorgan, Jefferies, Kotak, Citi maintain buy calls",
  "url": "https://urgent.news/2026/11/02/delhivery-shares-jump-9-5-after-q2-results-jpmorgan-jefferies-kotak",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T05:14:52.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/delhivery-shares-jump-95-after-q2-results-jpmorgan-jefferies-kotak-citi-maintain-buy-calls/article71655384.ece"
  },
  "original_language": "en",
  "account": "Delhivery's shares surged by 9.5% following its Q2FY27 results, with brokerages citing stronger margins, higher yields, and increased growth in express parcel volumes. The company reported a standalone profit after tax (PAT) of ₹66.7 crore for the September 2026 quarter, up from ₹78.2 crore in the previous quarter and ₹58.4 crore in Q2FY26. Delhivery's shares closed at ₹423 on the NSE, near the day's high of ₹423. Key highlights include Delhivery shares jumping 9.5% to ₹423 on the NSE, with standalone PAT at ₹66.7 crore. The board approved an investment of up to ₹36 crore in wholly-owned subsidiary DFDPL. Ratings agencies JPMorgan, Jefferies, Kotak, and Citi maintain buy or overweight ratings, with target prices ranging between ₹470 and ₹590. JPMorgan expects Delhivery's Q2 revenue to grow 20% year-over-year to ₹30.7 billion, with EBITDA increasing by 37% to ₹2.05 billion. Express parcel volumes grew 32% year-over-year, while PTL EBITDA margin improved to 12.8%. Kotak reported a 29% year-over-year growth in EBITDA, surpassing estimates by 16%, driven by improved service margins. Express parcel yields improved, while PTL and supply-chain services contributed to profitability.",
  "summary": "The company reported standalone profit after tax (PAT) of ₹66.7 crore in the September 2026 quarter, compared with ₹78.2 crore in the June 2026 quarter and ₹58.4 crore in Q2FY26.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "NTPC shares rise 3% after Q2 results. Why Jefferies and Nuvama remain bullish",
        "url": "https://urgent.news/2026/11/02/ntpc-shares-rise-3-after-q2-results-why-jefferies-and-nuvama-remain",
        "published": "2026-11-02T04:06:30.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}