In the April–June quarter of FY 2025–26 (Q1 FY26), logistics giant Delhivery posted a net profit of ₹91.1 crore, marking a 67% increase from ₹54.4 crore in the same period last year. This is Delhivery’s fifth consecutive profitable quarter. Revenue also grew 6% YoY to ₹2,294 crore.
Express Parcel Driving Growth
Delhivery’s Express Parcel business remained the top performer, contributing ₹1,403 crore in revenue—a 10% jump compared to last year. The vertical shipped 208 million parcels, up 14% YoY. The company stated that volumes in the D2C (Direct-to-Consumer) and SME segments rose over 25% and 37% respectively. This momentum is expected to continue through FY26.
Partial Truckload Revenue Drops Sequentially
The Partial Truck Load (PTL) segment brought in ₹205 crore, growing 17% YoY. However, it fell more than 50% from the previous quarter due to seasonal trends. Tonnage grew 15% YoY to 458,000 metric tonnes but remained flat compared to the previous quarter.
Ecom Express Acquisition in Focus
On July 18, Delhivery acquired 99.87% of Ecom Express for ₹1,369 crore. The company plans to invest ₹300 crore in integration costs. Over half of Ecom’s volumes have already been merged under a “rational pricing” model. Delhivery expects this move to help expand its market share and improve margins across both Express and PTL businesses.
Full-Year FY25: Turning Profitable at Scale
FY25 was a breakthrough year for Delhivery. The company reported its first full-year net profit of ₹162.1 crore, compared to a loss of ₹249.2 crore in FY24. Revenue rose 10% year-on-year to ₹8,932 crore, while EBITDA nearly tripled to ₹376 crore with a margin of 4.2%. The growth was driven by stronger performance in the PTL business and early benefits from the Ecom Express integration. This marked a major shift for Delhivery as it moved from losses to sustained profitability.
Rapid Commerce Expansion
Delhivery is now eyeing rapid commerce and in-city delivery. It plans to add 20–40 new dark stores across key metro cities like Bengaluru, Chennai, Hyderabad, Ahmedabad, and Delhi NCR by the end of FY26. These facilities will cater to time-sensitive deliveries of automotive parts, electronics, FMCG, and more.
Founder’s Outlook
Delhivery’s CEO, Sahil Barua, said:
“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.”
Delhivery has kicked off FY26 on a strong note—with steady revenue, rising parcel volumes, and successful onboarding of Ecom Express. However, seasonal dips in PTL and upcoming integration costs will test its ability to balance profitability and scale in a competitive logistics market.
