Logistics major Delhivery on August 1 reported net profit of Rs 91 crore in the first quarter (Q1) of financial year 2025-26 (FY26), up 67 percent from Rs 54.4 crore in the same period a year ago. The Gurugram-based firm had reported a profit of Rs 72.6 crore in the previous quarter.
Delhivery’s revenue from operations rose just six percent YoY to Rs 2,294 crore in Q1, up from Rs 2,172.3 crore a year ago. On a sequential basis, revenue grew from Rs 2,191.6 crore in Q4 FY25.
It reported an earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 149 crore at a 6.5 percent margin in Q1 FY26, representing a growth of 53 percent YoY from Rs 97 crore at a 4.5 percent margin in the year ago period.
“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, Delhivery's MD and Chief Executive Officer.
The firm’s total expenses increased five percent to Rs 2,326.6 crore in the quarter ended June, up from Rs 2,222.9 crore a year ago and Rs 2,248.7 crore a quarter ago.
Delhivery's express parcel business recorded a shipment volumes of 208 million in the June quarter, up 14 percent YoY from 183 million in Q1 FY25, and this momentum is seen continuing into Q2, the company said. Revenue for this business grew 10 percent YoY to Rs 1,403 crore in Q1 FY26 from Rs 1,276 crore in Q1 FY25.
The company's part-truck load (PTL) vertical saw its tonnage grow 15 percent YoY to 458,000 MT in Q1 FY26 from 399,000 MT a year ago. Meanwhile, revenue grew 17 percent YoY to Rs 508 crore in Q1 FY26 versus Rs 435 crore in Q1 FY25.
Its new rapid commerce service is currently active in three cities with 20 active stores, at a monthly revenue run-rate of roughly Rs 1.2 crore. The company plans to expand the active store count to 40 by the end of FY26.
On the other hand, Delhivery Direct, its consumer application for on-demand inter- and intra-city pickup and delivery service, has been launched in Ahmedabad, NCR and Bengaluru, the company said.
On August 1, Delhivery's shares on BSE closed 1.07 percent higher at Rs 429.85 apiece.
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