Delhivery Limited has delivered exceptional financial performance in Q3, demonstrating strong growth momentum in India's logistics sector. The company reported consolidated revenue of ₹28.04 billion compared to ₹23.7 billion in the year-ago period, marking a robust 18% year-on-year growth. The company also achieved consolidated net profit of ₹396 million compared to ₹249 million in the corresponding quarter, representing a 58% increase.

Strong Revenue Performance Drives Q3 Results

The logistics major reported impressive revenue growth with revenue from contracts with customers reaching ₹28,049.86 million in Q3, marking an 18% increase from ₹23,782.98 million in the corresponding quarter of the previous year. Sequential growth was also robust, with revenue rising 10% from ₹25,593.21 million in Q2.

EBITDA Performance Shows Significant Improvement

Delhivery demonstrated remarkable operational efficiency with EBITDA reaching ₹2.08 billion in Q3, representing a substantial 108% year-on-year increase from ₹1.00 billion in the corresponding quarter of the previous year. The EBITDA margin expanded significantly to 7.44% from 4.21% in the year-ago period, indicating improved operational leverage and cost optimization.

Nine-Month Performance Shows Sustained Growth

For the nine months ended December 31, 2025, Delhivery maintained its growth trajectory with revenue of ₹76,583.08 million, representing a 14% increase from ₹67,403.35 million in the corresponding period of the previous year. However, net profit for the nine-month period was ₹801.42 million, down from ₹895.53 million in the previous year.

Exceptional Items and Operational Metrics

The company recorded exceptional items totaling ₹273.56 million during the quarter, which included impact of Labour Codes worth ₹208.56 million due to new Government of India notifications regarding consolidated labour laws, and fair value loss of ₹65.00 million on investments. Total expenses stood at ₹28,199.82 million compared to ₹24,509.32 million in the year-ago quarter.

Strategic Developments and Capital Structure

The company completed the acquisition of 99.87% of Ecom Express Limited's share capital for approximately ₹13,696.36 million, with Ecom becoming a subsidiary effective July 18, 2025. Subsequently, Delhivery acquired the remaining 0.13% stake, making Ecom a wholly-owned subsidiary from December 10, 2025. Basic earnings per share for the quarter stood at ₹0.53 compared to ₹0.34 in the previous year.

Delhivery Limited has formally notified stock exchanges about an upcoming board meeting scheduled for January 31, 2026, to review and approve the company's third-quarter financial performance for fiscal year 2026. The logistics company issued the intimation on January 23, 2026, adhering to regulatory requirements under SEBI's listing obligations.

Board Meeting Details

The board meeting will focus on considering and approving the unaudited financial results for the quarter and nine months ended December 31, 2025. The meeting follows standard corporate governance practices and regulatory compliance requirements.

Trading Window Restrictions

In accordance with insider trading regulations, Delhivery has implemented trading restrictions for designated persons and their immediate relatives. The trading window closure aligns with the company's Insider Trading Code and SEBI's Prohibition of Insider Trading Regulations, 2015.

Regulatory Compliance

The notification was issued under Regulation 29 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. Company Secretary and Compliance Officer Madhulika Rawat signed the intimation, ensuring proper documentation and regulatory adherence. The announcement has been made available on the company's official website at www.delhivery.com for stakeholder access and transparency.