Results · Mobility & Logistics

Delhivery reports flat profit with strong volume expansion

What they do

Delhivery provides logistics, parcel delivery, and supply chain solutions across India

The company posted FY26 net profit of Rs 153 crore with revenue growing 17% to Rs 10,486 crore

Express parcel volumes exceeded one billion shipments while the stock price fell after results were announced

Delhivery announced its financial results for the fourth quarter and full year of fiscal 2026 on May 16, 2026.
The company reported a consolidated net profit of Rs 153 crore for the full fiscal year 2026.
Full-year revenue from services reached Rs 10,486 crore, representing a year-on-year growth of 17%.
EBITDA doubled to Rs 764 crore with a margin of 7.3%, compared to Rs 380 crore in the previous year.
Operating cash flow improved significantly to Rs 911 crore from Rs 567 crore in the prior fiscal year.
Free cash flow turned positive at Rs 89 crore, marking a shift from negative positions in earlier years.
Net working capital days were reduced to 11 days from 22 days in the previous fiscal year.
Market participants reacted negatively as the stock slid 6% intraday following the announcement of the results.

The company expanded its international economy air-parcel service to markets including the UK, Canada, and Australia.
Nexus Venture Partners executed a block deal selling shares worth Rs 716 crore to institutional investors.

The express parcel segment handled over one billion shipments annually with a 40% year-on-year volume increase.
Part-truckload freight volume grew by 17% to nearly two million metric tonnes during the fiscal year.
Intra-city services were extended to Jaipur, bringing the total coverage to six cities under Delhivery Local.
The company designs and deploys logistics management systems and offers AI-led services to enterprise clients.
Warehousing and last-mile delivery remain core components of the comprehensive supply chain solutions offered.
Transport segment revenue surged 38% year-on-year to Rs 2,453 crore in the fourth quarter alone.
Freight handling and servicing costs accounted for approximately 70% of total expenditures in the latest quarter.
Employee benefit expenses increased by 23.7% to Rs 417 crore reflecting workforce expansion and retention efforts.

Delhivery plans to launch an AI-powered autonomous transport management system for freight procurement and planning.
The company is developing an India-focused AI-native digital mapping platform in partnership with NVIDIA.
Delhivery One SmartAssist will be deployed as an AI-driven customer support agent for users.
International expansion continues with economy air-parcel services in the UK, Canada, and Australia.

Nexus Venture Partners (seller) — Venture capital firm that sold shares via block deal.
Morgan Stanley (buyer) — Investment bank that purchased shares in the block deal.
Edelweiss MF (buyer) — Mutual fund house that participated in the share purchase.
Goldman Sachs (buyer) — Investment bank that bought shares in the transaction.
Nippon India MF (buyer) — Asset management company involved in the block deal purchase.
Viridian Asia (buyer) — Investment firm that acquired shares from Nexus Venture Partners.