Delhivery posts robust Q2FY27 results, revenue hits ₹30,660 million

Gurugram-based logistics services provider Delhivery Limited has announced its financial results for the second quarter of the financial year 2027 (Q2FY27), showcasing significant topline expansion and sequentially improving operating profitability despite a challenging macroeconomic backdrop. The company crossed a major milestone by generating over ₹30,000 million in quarterly revenue for the first time.

During the quarter ending September 30, 2026, Delhivery recorded revenue from services of ₹30,660 million, representing an impressive 20% year-on-year growth compared to the corresponding period last year. This robust financial performance was strongly supported by the company's core transportation segments, namely its express parcel and part truck-load (PTL) operations.

The express parcel division handled a staggering 325 million shipments during Q2FY27, marking a 32% increase on a year-on-year basis. This volume surge translated into a revenue growth of 22% year-on-year for the segment, achieving an income of ₹19,610 million. Simultaneously, the part truck-load freight segment recorded a volume of 545,000 metric tonnes, highlighting a solid 14% year-on-year growth. This generated ₹6,720 million in revenue, which corresponds to a 23% year-on-year increase for the PTL business. Furthermore, the supply chain services segment contributed ₹1,910 million to the quarterly revenue.

Profitability also demonstrated marked improvement across the board. Delhivery reported an Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) of ₹2,050 million for Q2FY27, which reflects a 6.7% margin. This represents a phenomenal threefold increase year-on-year. The adjusted EBITDA stood at ₹1,230 million with a 4.0% margin. Additionally, the consolidated Profit After Tax (PAT) for the quarter was a positive ₹410 million, yielding a margin of 1.3%.

The company maintains a highly robust balance sheet and is showing consistent reduction in capital intensity. Delhivery closed the second quarter with a substantial cash balance of ₹46,760 million. Receivable days also improved significantly, dropping to 41 days in September 2026 from 53 days in the same period last year.

To support this expanding scale, Delhivery has continued to fortify its vast operational footprint. As of the end of the second quarter, the company’s infrastructure spans an impressive 25.2 million square feet, equipped with 144 gateways and 51 automated sort centres. Its delivery network reaches 18,799 unique pin codes across India and provides cross-border services to over 220 countries and territories worldwide. This expansive reach is sustained by an active daily average fleet size of 21,079 vehicles, a dedicated team of 75,251 personnel, and 87,948 partner agents.

Beyond sheer growth, Delhivery continues to heavily invest in advanced technology and infrastructure capabilities to improve demand shaping and enhance productivity. A particular area of focus is artificial intelligence (AI), where early investments are already yielding tangible benefits across the organisation. These technological advancements have led to enhanced sales productivity, seamless customer onboarding, faster resolution of claims and disputes, and more effective fraud detection mechanisms.

The company is actively striving to reduce its dependence on manual labour within its under-the-roof operations. Delhivery Robotics, the firm’s internal automation and mechanisation lab, has successfully commenced the production of customised autonomous vehicles designed for in-facility movement and operations. The company is also running active tests on advanced robotics systems across its warehouses, working in partnership with global leaders specialising in the physical AI domain.

According to the company's management, the macroeconomic environment remains volatile. The industry is grappling with persistent inflationary pressures, including rising fuel prices, ongoing labour availability challenges, and multiple statutory shifts. However, despite these formidable headwinds, Delhivery’s network service levels heading into the crucial festive season have been the best the company has ever recorded.

This peak operational performance, coupled with improved profitability metrics, provides the Delhivery team with strong momentum as they advance into the second half of the financial year 2027. By continually adapting to dynamic market demands, simplifying customer experience, and enhancing end-to-end delivery efficiencies, the logistics giant is well-positioned to capitalise on future growth opportunities, delivering optimal value to its vast network of over 59,000 active clients.