DSIJ Mindshare

The company is about to announce its June quarter result today. Additionally, shares of the company have delivered a multibagger return of 373 per cent to its investors.

The bottom line experienced a upswing of 17 per cent, reaching Rs 17 crore in Q1 FY24, compared to previous quarter.

The company has made significant progress in reducing its debt and is now on track to become debt-free. It has also consistently paid out a generous dividend of 19.9 per cent, demonstrating its commitment to rewarding shareholders while maintaining financial stability. The company has a market cap of over Rs 11,000 crore.

In FY23, net sales increased by 12.70 per cent to Rs 2,344 crore and net profit increased by 35.71 per cent to Rs 38 crore compared to FY22.

Strengthening this partnership further, Delhivery and Havells will jointly inaugurate new warehouses in western India to cater to the multi-channel demand spanning general and modern trade to emerging e-commerce retail. With its latest acquisition of Algorhythm tech, Delhivery will seek to unlock further value through data-driven optimization of Havells’ supply chain.