Delhivery crosses ₹1,000 crore service EBITDA in FY26 peak season

Delhivery reported strong financial and operational performance in the third quarter of FY26, crossing ₹1,000 crore in service EBITDA for the first time in a financial year, following a record festive peak season.

The Gurugram-based logistics company announced its Q3FY26 results on January 31, 2026, posting revenue from services of ₹2,798 crore, marking an 18 per cent year-on-year growth and a 10 per cent increase over the previous quarter.

The company recorded its highest-ever festive season performance in the Express Parcel segment, handling 295 million shipments during the quarter, a growth of 43 per cent year-on-year. The growth was driven by strong share-of-wallet gains across clients.

Delhivery’s Part Truck Load (PTL) business crossed 500,000 metric tonnes for the first time in Q3FY26, registering a 23 per cent year-on-year growth. The company attributed this performance to consistent sales efforts and stable service precision and quality, despite a sharp increase in network volumes.

Supply Chain Services also saw expansion during the quarter, with Delhivery securing several key contracts. These included a pan-India mandate for one of India’s largest engineering companies, a supply chain redesign for a flagship luxury home and lifestyle brand, and nine new e-commerce mandates.

On the profitability front, Delhivery achieved a milestone by crossing ₹1,000 crore in service EBITDA profits within a single financial year for the first time. Transport profitability, covering Express and PTL services, improved due to operating leverage, with service EBITDA margin rising to 16.4 per cent in Q3FY26, compared to 12.8 per cent in Q3FY25 and 13.5 per cent in Q2FY26.

Adjusted EBITDA for the quarter stood at ₹147 crore, with a margin of 5.3 per cent, reflecting a 227 per cent year-on-year growth. This was the highest adjusted EBITDA recorded by the company so far and was at par with its full-year FY25 performance.

Profit after tax before e-commerce integration costs and exceptional items was Rs.110 crore in Q3FY26. After accounting for these costs and items, PAT stood at ₹40 crore.

During the quarter, Delhivery expanded its on-demand logistics service, Delhivery Direct, to Mumbai and Hyderabad, in addition to its existing presence in NCR, Bengaluru and Ahmedabad. The company also launched Delhivery International, an economy air-parcel service aimed at making exports more affordable for Indian small and medium enterprises.

Delhivery introduced Freight Index One, an open national freight index providing transparent access to full truckload pricing, including historical price data and forward forecasts. It also completed the integration of TransportOne TMS with its Supply Chain Services operations and onboarded 12 external TMS clients.

In addition, the company successfully completed its first field mission using autonomous VTOL drones in Deoria, Uttar Pradesh, carrying out a 12-km medical delivery test in 12 minutes.