Delhivery Q1 FY26: PAT Surges 67% YoY; Revenue Up 6% to ₹2,294 Cr

Delhivery Limited (NSE: DELHIVERY, BOM: 543529) announced Q1 FY26 results today.

Q1 FY26 results snapshot:

• Revenue from services of Rs. 2,294 Cr in Q1 FY26, growth of 6% YoY vs Rs. 2,172 Cr in Q1 FY25
• EBITDA of Rs. 149 Cr (6.5% margin) in Q1 FY26, a growth of 53% YoY from Rs. 97 Cr (4.5% margin) in Q1 FY25
• Profit after tax of Rs. 91 Cr (3.8% margin) in Q1 FY26, a growth of 67% YoY from Rs. 54 Cr (2.4% margin) in Q1 FY25

Businesses snapshot: Express Parcel

• Shipment volumes of 208 million in Q1 FY26 - significant growth of 14% YoY from 183 million in Q1 FY25; momentum continuing into Q2
• Revenue grew 10% YoY to Rs. 1,403 Cr in Q1 FY26 from Rs. 1,276 Cr in Q1 FY25

Part Truck Load

• Tonnage grew 15% YoY to 458K MT in Q1 FY26 from 399K MT in Q1 FY25
• Revenue grew 17% YoY to Rs. 508 Cr in Q1 FY26 from Rs. 435 Cr in Q1 FY25
• Service EBITDA margin expanded significantly to 10.7%, an increase of 750 bps YoY from 3.2% in Q1 FY25

Other businesses

• Supply Chain Services: Revenue for the quarter was Rs. 205 Cr in Q1 FY26 vs. Rs. 259 Cr in Q1 FY25
• Truckload: Revenue for the quarter was Rs. 148 Cr in Q1 FY26 vs. Rs. 156 Cr in Q1 FY25
• Cross Border Services: Revenue for the quarter was Rs. 24 Cr in Q1 FY26 vs. Rs. 43 Cr in Q1 FY25.

New initiatives

• Rapid: 20 active stores in 3 cities; monthly revenue run-rate of Rs. ~1.2 Cr; plan to expand the active store count to 40 by the end of FY26
• Direct: Active in Ahmedabad, NCR and Bengaluru; promising early traction

Sahil Barua, MD & CEO of Delhivery 

“We’re pleased with the strong start to the financial year. The improved profitability as a result of operating at a higher scale reaffirms the inherent operating leverage linked efficiencies in our business. We look forward to the upcoming festive sale season with optimism.”, said Sahil Barua, MD & Chief Executive Officer.

Delhivery will host its earnings call to discuss Q1 FY26 results at 6:00 PM IST on Friday, August 1 st, 2025. The registration link for the call has already been shared with the stock exchanges and the link to the audio replay will be made available on the Investor Relations page of the company’s website at https://www.delhivery.com/company/investor-relations following the earnings call.

About Delhivery

Delhivery is India's largest fully-integrated logistics services provider. With its nationwide network covering over 18,850 pin codes, the company provides a wide range of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services. Delhivery has successfully fulfilled over 3.8 billion shipments since inception and today works with over 43K+ customers, including large & small e-commerce participants, SMEs, and other enterprises & brands. For more information about Delhivery, please visit www.delhivery.com.