NSE:DELHIVERY

Delhivery Launches AI-Powered Mapping Platform for Commercial Logistics

Delhivery (NSE:DELHIVERY, BOM:543529) has launched Delhivery Maps, an artificial intelligence-based geospatial platform developed to support navigation and location services across India.The mapping suite, which was previously used across Delhivery's logistics network, is now available to businesses, developers and gig-economy platforms, according to a company statement.The platform is designed for commercial shipping and incorporates routing constraints, vehicle movement and landmark-based navigation.

Delhivery to Set Up Fintech Subsidiary; Shares Fall 4%

Delhivery (NSE:DELHIVERY, BOM:543529) secured board approval to incorporate a wholly owned subsidiary in India to operate in the financial and allied services segment, according to a Saturday filing on Indian bourses.Shares of the logistics company fell nearly 4% in Monday's trade.The proposed entity, Delhivery Fintech Distribution, will support the company's logistics network through financial distribution services, the filing said.Delhivery will invest 10 million rupees in the subsidiary, it said.

Jefferies Adjusts Delhivery's Price Target to INR550 from INR525, Keeps at Buy

Delhivery's Consolidated Attributable Profit Slips in Fiscal Q4

Delhivery's (NSE:DELHIVERY, BOM:543529) consolidated attributable profit declined to 724.0 million Indian rupees in the fiscal fourth quarter ended March 31, from 725.6 million rupees a year ago, according to a stock exchange filing on Saturday.Earnings per share contracted to 0.95 rupees from 0.96 rupees a year earlier, the logistics company said in a filing to the Indian bourses on Saturday. The EPS was lower than the 1.11 rupees estimated by the analysts polled by Visible Alpha.Revenue from operations in fiscal Q4, however, increased to 28.5 billion rupees from 21.9 billion rupees a year ago. This was higher than Visible Alpha's estimate of 26.8 billion rupees.