Delhivery’s net profit grows 68% YoY to ₹91 crore in Q1FY26

Delhivery posted a net profit of ₹91 crore for the quarter ended June 30, 2025, a 67% increase over ₹54 crore in Q1 FY25 and ₹73 crore in Q4 FY25.

EBITDA rose to ₹149 crore, up 53% YoY, with margins improving to 6.5% from 4.5% a year earlier. Revenue from services stood at ₹2,294 crore, marking a 6% YoY growth, driven largely by strong performances in the Express Parcel and Part Truck Load (PTL) segments, according to the BSE filing. 

Delhivery’s Express Parcel business handled 208 million shipments during the quarter, a 14% jump YoY, generating ₹1,403 crore in revenue, up 10%. The momentum appears strong, with daily volumes continuing to trend upwards in Q2.

Its PTL segment clocked 15% YoY tonnage growth at 458K MT, with revenue rising 17% to ₹508 crore. Profitability in PTL saw a sharp turnaround, with EBITDA margins expanding to 10.7%, up from 3.2% a year ago. 

Supply Chain Services revenue dropped to ₹205 crore from ₹259 crore YoY. Truckload services generated ₹148 crore (vs ₹156 crore YoY). Cross Border Services fell steeply to ₹24 crore from ₹43 crore last year.

Delhivery’s new business lines are taking early steps. Its Rapid service, with 20 stores across 3 cities, is clocking a monthly revenue run-rate of ₹1.2 crore and plans to expand to 40 stores by year-end. The Direct segment is live in Ahmedabad, NCR, and Bengaluru and showing early traction.

Delhivery completed the ₹1,369 crore acquisition of Ecom Express on July 18, 2025. With CCI approval secured, the company has begun network rationalisation, retaining seven key facilities for long-term integration, while exiting non-express businesses.

“We’re pleased with the strong start to the financial year,” said Sahil Barua, MD & CEO. “The improved profitability, as a result of operating at a higher scale, reaffirms the inherent operating leverage linked to efficiencies in our business. We look forward to the upcoming festive sale season with optimism.”