Representative Image.
PRO Only Highlights
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
Highlights: Largest logistics player in the country Revenues grew 32 percent in Q1 on a low base Part truck load business facing some challenges Slowdown in global funding environment to impact consumption Valued at a little over Rs 43,000 crore Delhivery, India's largest integrated logistics platform, has been delivering exceptional revenue growth on the back of solid execution and several inorganic initiatives to scale up the business. Nonetheless, global market trends point to moderation in top-line growth on account of tightening global financial conditions. Losses widen...