Delhivery Delivers a Turnaround: ₹910.5 Million Profit in Q1 as Income Hits ₹24.24 Billion

A Profitable Start to FY26 for India’s Logistics Giant

Delhivery Limited has reported a strong financial performance for the first quarter of FY2025–26, swinging to a consolidated net profit of ₹910.5 million. The company’s total income for the quarter stood at ₹24.24 billion, reflecting a healthy year-on-year growth trajectory. This marks a significant turnaround from the same period last year, when the company posted a net loss of ₹894.8 million.

 

The Gurgaon-based logistics and supply chain services provider attributes its improved profitability to operational efficiencies, growth in high-margin segments, and disciplined cost management.

 

Key Highlights from Q1 FY26 Results

- Consolidated total income reached ₹24.24 billion, up 12.56 percent year-on-year

- Net profit stood at ₹910.5 million, compared to a loss in the previous year’s Q1

- EBITDA improved to ₹970 million, reversing a loss of ₹130 million in Q1 FY25

- Express parcel shipments grew 4 percent sequentially to 183 million

- Revenue from express parcel services rose 5 percent quarter-on-quarter to ₹12.76 billion

 

Segment Performance and Operational Drivers

Delhivery’s diversified logistics portfolio continues to show resilience and adaptability across business lines.

- Express Parcel: Growth driven by e-commerce demand and improved delivery network

- Partial Truckload (PTL): Robust expansion in B2B freight volumes

- Supply Chain Services (SCS): Strong pipeline across FMCG, auto, and electronics sectors

- Cross-Border Logistics: Stable performance amid global trade fluctuations

- Technology Services: Continued investment in AI-driven logistics optimization

 

The company expanded its express delivery centers to 3,567, up from 3,170 in the same quarter last year, and serviced 18,783 pin codes across India.

 

Financial Health and Strategic Focus

Delhivery’s Q1 results reflect a disciplined approach to cost control and strategic investments.

- Improved working capital cycle through better receivables and inventory management

- Continued focus on automation and digitization to reduce operational overhead

- Strengthened last-mile delivery infrastructure and warehousing capabilities

- Management reiterated its commitment to long-term profitability and sustainable growth

 

The company’s strong cash position and low debt levels provide flexibility for future expansion and innovation.

 

Market Reaction and Investor Sentiment

Delhivery’s Q1 results have been positively received by the market, with its stock closing 2.07 percent higher at ₹416.10 on August 2, 2025.

- Analysts view the profit turnaround as a sign of operational maturity

- Retail investors responded favorably to the earnings beat and margin improvement

- Institutional interest is expected to rise as Delhivery continues to scale its B2B and tech-driven offerings

- The company’s performance may lead to upward revisions in FY26 earnings estimates

 

Conclusion: Delhivery’s Profit Pivot Signals New Growth Phase

Delhivery’s Q1 FY26 results mark a pivotal moment in its journey from scale to profitability. With ₹24.24 billion in total income and a net profit of ₹910.5 million, the company has demonstrated its ability to balance growth with financial discipline. As India’s logistics landscape evolves, Delhivery’s tech-enabled, multi-service model positions it well to lead the next wave of supply chain transformation.

 

Source: LiveMint