SBI Mutual Fund Trims Stake in Delhivery To 5.69% SBI Mutual Fund Trims Stake in Delhivery To 5.69%

SBI Mutual Fund sold 18.18 Lakh shares of Delhivery to trim its stake by 0.24% from 5.93% earlier

The asset management company held a 7.91% stake in the company in April 2023, which it has been trimming for some time

Shares of Delhivery are up about 18% year to date on the back of strong financial performance and its acquisition of rival Ecom Express

SBI Mutual Fund offloaded shares of Delhivery on Monday (December 22) to reduce its stake in the logistics company to 5.69%.

In an exchange filing, SBI Mutual Fund said it sold 18.18 Lakh shares of Delhivery to trim its stake by 0.24% from 5.93% earlier.

Delhivery’s shares ended the trading on Monday at INR 409.20 on the BSE. According to the closing price, the share sale fetched INR 74.45 Cr to the asset management company.

Notably, SBI Mutual Fund holds a stake in Delhivery via multiple schemes and has been reducing its stake over the past two years. It held a 7.91% stake in the company in April 2023. As per Delhivery’s shareholding pattern for the quarter ended September 2025, SBI Mutual Fund owned a 6.41% stake in the company via ‘SBI Equity Hybrid Fund’.

Shares of Delhivery ended today’s trading session 1.2% lower at INR 406.85. The stock is up about 18% year to date on the back of strong financial performance and its acquisition of its rival Ecom Express.

However, the company reported a weak second quarter in the current financial year (Q2 FY26). It slipped into the red in the September quarter, posting a net loss of INR 50.5 Cr as against a profit of INR 10.2 Cr in the year-ago quarter. It had reported a profit of INR 91.1 Cr in the preceding quarter (Q1 FY26).

Despite operating revenue growing 17% YoY and 12% QoQ to INR 2,559.3 Cr in Q2, the company’s bottom line was affected by the integration of Ecom Express. While Delhivery incurred a loss of INR 90 Cr due to the integration, this number is expected to balloon to another INR 100 Cr-110 Cr during the remainder of the financial year.

Meanwhile, Delhivery has been making several bets toward diversification. Last month, it incorporated a new fintech subsidiary, Delhivery Fintech Services Pvt Ltd, through which it will extend credit options to its partners, including truckers, fleet owners, riders, and MSMEs. It also incorporated two new subsidiaries in the UK and the UAE under its Singapore arm to strengthen its presence in these countries.