Delhivery Ltd has posted a strong start to the financial year with a 67.5 percent year-on-year increase in consolidated net profit for Q1 FY26. The logistics tech company reported a profit of Rs 91.04 crore in the April-June quarter, compared to Rs 54.35 crore in the same period last year.
Revenue from operations rose 5.6 percent year-on-year to Rs 2,294 crore, while profit before tax jumped 69.3 percent to Rs 89.67 crore from Rs 52.97 crore in Q1 FY25.
EBITDA Margin Improves
The company’s EBITDA rose sharply by 53.6 percent on a sequential basis to Rs 149 crore from Rs 97 crore in the previous quarter. EBITDA margin improved to 6.5 percent, compared to 4.5 percent in Q1 FY25, reflecting better operational efficiencies.
Delhivery’s express parcel services, its largest business unit, recorded a 10 percent year-on-year revenue rise to Rs 1,403 crore. Shipment volumes grew 14 percent to 208 million from 183 million in the same quarter last year.
PTL Segment Gains Strength
The part truckload (PTL) segment also delivered a strong operational performance. Volumes increased 15 percent year-on-year to 458,000 metric tonne, while revenue grew 17 percent to Rs 508 crore, up from Rs 435 crore in Q1 FY25.
Service Ebitda margin for the PTL segment improved significantly by 750 basis points to 10.7 percent, compared to 3.2 percent in the same period last year. This growth was driven by better network utilisation and strong cost controls.
Other Segments Underperform
While parcel and PTL segments performed strongly, other business units faced challenges. Revenue from supply chain services dropped 20.84 percent year-on-year to Rs 205 crore, and the truckload (TL) segment saw a 5.12 percent fall in revenue to Rs 148 crore.
The cross-border services business recorded the steepest decline, with revenue halving to Rs 24 crore from Rs 43 crore in Q1 FY25. Despite this, Delhivery noted that its overall growth momentum has continued into Q2, supported by steady demand in e-commerce and B2C shipments.
