Delhivery gets partial relief in GST appeal, tax demand cut to 1.51 crore

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DELHIVERY · price

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Price reactionminutes from the announcement price · days from the prior close

+1.3%Reaction day

₹472.40

prior close

₹456.40

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.1%+1.3% vs market

Logistics Solution Provider peers, median of 44sector-0.2%+1.4% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Smallcap 250 and 1.4 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+3.4

10m

+4.0

15m

+3.6

30m

+4.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3-0.1+1.3-0.2+1.4

Next day

-0.2+0.1-0.4+0.0-0.2

-0.6-0.1-0.5-0.1-0.6

-0.9+0.1-1.0+0.1-1.0

-2.7-0.4-2.3+0.1-2.8

-3.5-0.2-3.2+0.1-3.6

-4.7-0.7-4.1-0.2-4.6

15d

-3.4+0.1-3.5+1.0-4.4

-5.2+0.4-5.6-0.6-4.7

-12.8-3.2-9.6-0.3-12.4

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UpDownMarket · Nifty Smallcap 250Sector · Logistics Solution Provider peers, median of 44Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Delhiverys GST appeal was partly successful. The West Bengal Appellate Authority reduced the FY2020-21 tax demand from 5.36 crore to 1.51 crore and the penalty from 53.57 lakh to 15.08 lakh. The company will further contest the matter at a higher forum but says there is no material impact on its financials, operations, or other activities.

Likely market impact

Positive for shareholders. GST tax demand reduced by about 72 percent on appeal. Company plans to appeal further for full relief.