Delhivery , a leading logistics and supply chain services company, has reported a significant increase in its financial performance for the first quarter and outlined ambitious growth projections.

Strong Profit Growth

The company's quarterly consolidated net profit surged to ₹910.00 million, marking a substantial 67% year-on-year increase from ₹544.00 million in the same period last year. This impressive growth in profitability showcases Delhivery's ability to enhance its bottom line amid challenging market conditions.

Revenue and EBITDA Improvements

Delhivery also reported positive trends in its top-line and operational efficiency:

• Revenue grew by 6% to ₹22.94 billion, up from ₹21.70 billion in the corresponding quarter of the previous year.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose significantly to ₹1.49 billion from ₹971.00 million.
• The EBITDA margin saw a notable improvement, increasing to 6.49% from 4.47% in the previous year.

Financial Performance Overview

To better illustrate Delhivery's financial performance, here's a summary of the key metrics:

Future Growth Projections

During a recent earnings call, Delhivery outlined its growth targets for various business segments:

• The PTL (Part Truckload) division aims for a 20% annual growth in freight volume.
• Supply chain services revenue is projected to reach ₹1,800-2,000 crore by FY29.
• Express parcel margins are expected to remain in the 16-18% range.
• The company anticipates a reduction in corporate overheads from the current 9.1% to 6-6.5%.

The robust growth in net profit, coupled with improvements in revenue and EBITDA, indicates that Delhivery has been successful in optimizing its operations and enhancing its profitability. The significant expansion in EBITDA margin suggests improved operational efficiency and cost management.

These results demonstrate Delhivery's resilience and ability to drive growth in a competitive logistics market. The company's focus on operational excellence and strategic initiatives appears to be yielding positive outcomes, as reflected in its financial performance for the quarter and its ambitious future projections.

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.