Delhivery Q1FY26 Profit Surges to ₹910.46 Million; Revenue Rises 5.6% YoY

Gurugram, August 1, 2025 — Delhivery Ltd (NSE: DELHIVERY | BSE: 543529) reported the first quarter results (Q1FY26) and marked a 67.4% year-on-year (YoY) increase in the net profits to ₹910.46 million from ₹543.59 million in Q1FY25. Delhivery’s revenue from operations grew 6% year-on-year to ₹2,294 crore in Q1, compared to ₹2,172.3 crore in the same quarter last year. On a quarter-on-quarter basis, it increased from ₹2,191.6 crore in Q4 FY25. The rise was supported by stronger operating efficiency and continued demand across logistics segments.

Financial Performance Analysis: Consolidated and Standalone

Delhivery reported a consolidated revenue of ₹22,940.01 million in Q1FY26, up 5.6% YoY and 4.7% QoQ. Net profit rose sharply by 67.4% YoY to ₹910.46 million. Total income grew 6.2% YoY, while expenses rose at a slower 4.7%, supporting profitability. On a standalone basis, Delhivery posted a net profit of ₹1,139.56 million, reversing a Q4 loss of ₹165.43 million. EPS improved to ₹1.22 from ₹0.74 in Q1FY25 and ₹0.97 in Q4FY25.

Operational and Strategic Highlights

Delhivery’s freight and servicing costs rose modestly by 3.7% YoY to ₹16,377.88 million, reflecting effective cost management amid volume growth. Q1FY26 had no exceptional charges, unlike the ₹51.34 million loss in Q1FY25. During the quarter, 2.36 million stock options were granted, and 0.70 million were exercised.

Corporate Developments

Delhivery completed the acquisition of Ecom Express on July 18, 2025, securing a 99.87% stake in a deal worth ₹13,694.25 million, with financial impact to reflect in Q2FY26. Meanwhile, the merger of Spoton Logistics and Spoton Supply Chain Solutions with Delhivery is pending approval from the NCLT.

Management Commentary

“Our first quarter results demonstrate strong operational resilience and strategic focus. With Ecom Express onboard and scale-driven efficiencies, we are well-positioned to deepen our logistics leadership,” said Sahil Barua, Managing Director and CEO.

Delhivery Share Price Movement

The stock moved slightly up by 1.08% (₹429.85) and remained in green throughout the day. The low-high range remained between ₹424.50 and ₹437.75. The trading volume was also quite high with 39,32,117 shares traded during the day. The company has a comparatively higher P/E ratio of 195.99, and the industrial average is 46.35.

Company Overview

Delhivery Limited is a logistics and supply chain solutions provider listed on NSE and BSE. The company specialises in parcel express, PTL, warehousing, and integrated cross-border logistics, serving pan-India through a tech-driven network.

REF: https://nsearchives.nseindia.com/corporate/DELHIVERYLTD_01082025163706_Outcome_Results_Q1FY26_Signed.pdf

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