Logistics firm Delhivery profit jumps 67% to Rs 91 crore in Q1 FY26; check revenue

Gurugram-based logistics firm Delhivery has reported a consolidated net profit of Rs 91 crore for the first quarter of FY26, a 67% increase from Rs 54 crore in the same period last year.

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The company attributed the growth in profitability to scale-driven operating leverage, with EBITDA rising 53% year-on-year to Rs 149 crore and EBITDA margins expanding to 6.5% from 4.5% a year earlier.

Revenue from services stood at Rs 2,294 crore in the June quarter, a modest 5.7% increase from Rs 2,172.3 crore in the same quarter last year.

Delhivery’s core Express Parcel business continued to show momentum during the quarter, with shipment volumes growing 14% year-on-year to 208 million and segment revenue rising 10% to Rs 1,403 crore.

The Part Truck Load (PTL) segment delivered strong results, with tonnage handled increasing 15% year-on-year to 458,000 metric tonnes. PTL revenue grew 17% to Rs 508 crore, while service EBITDA margins improved significantly to 10.7% from 3.2% in the same quarter last year.

However, Other Businesses faced headwinds. Supply Chain Services revenue declined to Rs 205 crore from Rs 259 crore, Truckload revenue fell to Rs 148 crore from Rs 156 crore, and Cross-Border Services dropped sharply to Rs 24 crore from Rs 43 crore.

Delhivery is piloting two new verticals. Rapid, which operates 20 stores across three cities with a monthly revenue run rate of Rs 1.2 crore, is expected to scale to 40 stores by the end of FY26. Direct, which is currently active in Ahmedabad, NCR, and Bengaluru, is reportedly showing promising traction.

Acquisition of Ecom Express

Delhivery also formally closed its acquisition of Ecom Express for up to Rs 1,407 crore. The deal, which received regulatory clearance from the Competition Commission of India in June, enables Delhivery to acquire up to 99.44% of Ecom Express on a fully diluted basis.

Though the Q1 results do not include Ecom’s financials, integration efforts have begun and are expected to be completed over the next six months. The company reaffirmed that integration-related expenses would be capped at Rs 300 crore and noted that revenue retention from Ecom’s existing business is currently tracking ahead of expectations.

Delhivery CEO Sahil Barua said, “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.”