Delhivery Limited , India's largest fully-integrated logistics services provider, has announced the appointment of two new independent directors and reported robust financial results for the first quarter of fiscal year 2026.

Board Appointments

The company has appointed Dr. Padmini Srinivasan and Mr. Yashish Dahiya as Additional Directors in the Independent Director category for five-year terms, subject to shareholder approval. Their tenures will run from August 01, 2025, to July 31, 2030.

Dr. Padmini Srinivasan is a senior faculty member and Chairperson at IIM Bangalore's Centre for Corporate Governance and Sustainability. She holds a PhD and serves as a Board Member at BSE Ltd. Mr. Yashish Dahiya is the Chairman & CEO of PB Fintech, founder of Policybazaar.com, and previously served as Managing Director of ebookers.com.

These appointments come as part of Delhivery's board rejuvenation process. The company also announced the resignation of Mr. Srivatsan Rajan, its longest-serving independent board member, effective September 30, 2025.

Q1 FY26 Financial Highlights

Delhivery reported strong financial results for Q1 FY26:

• Revenue from services reached ₹2,294.00 crore, a 5.6% year-over-year increase
• EBITDA grew by 53% YoY to ₹149.00 crore, with a margin of 6.5%
• Profit after tax (PAT) increased by 67% YoY to ₹91.00 crore, representing a 3.8% margin

Operational Performance

The company's key business segments showed significant growth:

Notably, the PTL segment's Service EBITDA margin expanded to 10.7%, up 750 basis points YoY.

New Initiatives

Delhivery is also focusing on new business initiatives:

• Rapid: Currently operating 20 dark stores in 3 cities, with plans to expand to 40 stores by the end of FY26
• Delhivery Direct: An on-demand pickup and delivery service launched in Ahmedabad, Delhi NCR, and Bengaluru

Strategic Developments

The company completed the acquisition of 99.87% of Ecom Express Limited's share capital on July 18, 2025, for approximately ₹13,694.00 crore. This acquisition is expected to strengthen Delhivery's market position further.

Sahil Barua, MD & Chief Executive Officer of Delhivery, commented on the results: "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."

As Delhivery continues to expand its operations and strengthen its board, the company appears well-positioned to capitalize on the growing logistics market in India.

Delhivery Limited , India's largest fully-integrated logistics services provider, has announced its financial results for the first quarter, showcasing robust growth across key metrics.

Financial Highlights

• Revenue from services reached ₹2,294.00 crore, marking a 5.6% year-over-year increase from ₹2,172.00 crore in the same quarter of the previous year.
• EBITDA surged by 53% YoY to ₹149.00 crore, with the margin expanding to 6.5% compared to 4.5% in the same quarter last year.
• Profit after tax (PAT) saw an impressive 67% YoY growth, reaching ₹91.00 crore, up from ₹54.00 crore in the corresponding quarter of the previous year.

Operational Performance

Express Parcel

The Express Parcel segment demonstrated strong momentum:

• Shipment volumes grew by 14% YoY to 208 million orders.
• Revenue increased by 10% YoY to ₹1,403.00 crore.

Part Truck Load (PTL)

PTL business continued its growth trajectory:

• Tonnage increased by 15% YoY to 458K MT.
• Revenue rose by 17% YoY to ₹508.00 crore.
• Service EBITDA margin expanded significantly to 10.7%, a 750 basis points improvement from 3.2% in the same quarter of the previous year.

Other Business Segments

New Initiatives

Delhivery is making progress with its new initiatives:

1. Rapid:

   • 20 active stores in 3 cities
   • Monthly revenue run-rate of approximately ₹1.20 crore
   • Plans to expand to 40 active stores by the end of the fiscal year

2. Delhivery Direct:

   • Currently active in Ahmedabad, NCR, and Bengaluru
   • Showing promising early traction

Management Commentary

Sahil Barua, MD & Chief Executive Officer of Delhivery, expressed satisfaction with the company's performance: "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."

Future Outlook

Delhivery's strong Q1 performance sets a positive tone for the rest of the fiscal year. The company's focus on expanding its Express Parcel and PTL segments, coupled with new initiatives like Rapid and Delhivery Direct, positions it well for continued growth. As the e-commerce and logistics sectors in India continue to evolve, Delhivery's integrated approach and nationwide network covering over 18,850 pin codes provide a solid foundation for capturing market opportunities.

The company's ability to improve profitability while growing its service offerings demonstrates its operational efficiency and scalability. With the festive season approaching, Delhivery appears well-positioned to capitalize on increased demand and further strengthen its market leadership in India's logistics sector.