Delhivery Limited reported a strong financial performance for the first quarter of FY26, driven by healthy growth across key logistics segments. The company posted a net profit of ₹91 crore in Q1, up 67% from ₹54 crore in the same quarter last year. Revenue from services rose 6% year-on-year to ₹2,294 crore, compared to ₹2,172 crore in Q1 FY25.
EBITDA came in at ₹149 crore, reflecting a 53% jump from ₹97 crore last year, with margins improving to 6.5% from 4.5%. The performance was supported by solid growth in Express Parcel and Part Truck Load businesses. Shipment volumes in the Express Parcel segment touched 208 million, up 14% year-on-year, while revenue from this segment grew 10% to ₹1,403 crore. In the Part Truck Load business, tonnage rose 15% to 458K MT, and revenue increased 17% to ₹508 crore. The segment’s service EBITDA margin expanded sharply to 10.7%, up from 3.2% last year.
However, some softness was seen in other verticals. Supply Chain Services revenue fell to ₹205 crore from ₹259 crore, Truckload services slipped to ₹148 crore from ₹156 crore, and Cross-Border Services declined to ₹24 crore from ₹43 crore year-on-year.
Delhivery is also expanding its newer offerings. Its quick commerce initiative, Delhivery Rapid, is now operating 20 stores across three cities, with a monthly revenue run rate of ₹1.2 crore and plans to double store count by the end of FY26. Meanwhile, Delhivery Direct, active in Ahmedabad, NCR, and Bengaluru, is seeing encouraging early traction.
