Results · Mobility & Logistics

Delhivery posts Rs 39.6 crore net profit in Q3

By Startup Enthusiast · 2 February 2026

What they do

Delhivery is a Gurugram-based logistics company offering parcel delivery and supply chain solutions

It reported a net profit of Rs 39.6 crore for Q3 FY26, up 58.4% from Rs 25 crore a year ago, with revenue of Rs 2,805 crore

The company swung from a net loss of Rs 50.5 crore in the previous quarter, driven by higher parcel volumes and improved margins

Delhivery reported a net profit of Rs 39.6 crore for the third quarter of FY26, a 58.4% increase from Rs 25 crore in the same quarter last year.
The company had posted a net loss of Rs 50.5 crore in the previous quarter (Q2 FY26).
Revenue from operations stood at Rs 2,805 crore, up about 18% year-on-year from Rs 2,378 crore.
Adjusted EBITDA was Rs 147 crore, with a margin of 5.3%.
Reported EBITDA came in at Rs 234 crore, with a margin of 8.4%, compared to Rs 102 crore and 4.3% a year ago.
Total expenses rose to Rs 2,820 crore from Rs 2,451 crore in Q3 FY25.
Express parcel shipment volumes reached 295 million parcels, up 43% year-on-year.
PTL freight throughput crossed 507,000 metric tonnes for the first time, growing 23% year-on-year.

The company swung to profit after a loss in the previous quarter, showing a strong recovery in its core business.
Year-to-date service EBITDA for the first nine months of FY26 crossed Rs 1,000 crore, indicating sustained operational improvement.
The transportation business service EBITDA margin improved to 16.4% from 12.8% a year ago, reflecting better cost management.
Labour code changes added an exceptional item of Rs 20.86 crore for gratuity and leave liabilities, which did not derail profitability.

Delhivery is a Gurugram-based logistics major providing parcel delivery and supply chain solutions.
It operates a network for express parcel delivery, serving e-commerce and retail clients across India.
The company also offers part-truckload (PTL) freight services for larger shipments.
It has expanded its Delhivery Direct on-demand intracity service to Mumbai and Hyderabad, after launching in NCR, Bengaluru, and Ahmedabad.
It launched Delhivery International economy air parcel service for Indian SME and enterprise exports.
Revenue is generated from transportation and logistics fees, with a focus on volume growth and margin improvement.

The company plans to continue expanding its Delhivery Direct on-demand intracity service to more cities.
It aims to grow its international economy air parcel service for exports by Indian SMEs and enterprises.