Delhivery posted a consolidated net profit of ₹40.6 crore in Q2 FY27, turning around from losses the previous year, with total income crossing ₹3,100 crore supported by significant increases in express parcel shipments and freight volumes.
- Net profit of ₹40.6 crore in Q2 FY27 against ₹50.5 crore loss year ago
- Revenue grew 19.8% YoY to over ₹3,000 crore with express volumes up 32%
- Adjusted EBITDA margin improved to 4% with increased realisations
What happened
Delhivery reported a consolidated net profit of ₹40.6 crore for Q2 FY27, reversing a ₹50.5 crore loss in the same quarter last year. This improvement was driven by revenue growing faster than expenses, with operating revenue rising 19.8% year-over-year to ₹3,066 crore. Including other income, total income reached approximately ₹3,133 crore.
The company's express parcel shipments grew substantially by 32.1% year-over-year to 325 million, while part truckload (PTL) freight volumes increased by 14.2%. Revenue from these segments rose to ₹1,961 crore and ₹672 crore, respectively. Additionally, Delhivery's adjusted EBITDA rose 48% year-over-year to ₹123 crore, with margins expanding thanks to pricing revisions and efficiency gains.
Why it matters
Delhivery's turnaround to profitability and revenue milestone over ₹3,000 crore underline its successful market position and operational scale in India’s highly competitive logistics sector. The company attributed growth to market share gains and diversified customer demand, signaling strong fundamentals amid evolving e-commerce and freight logistics trends.
Reduced integration costs from the Ecom Express acquisition and ongoing improvements in pricing and network utilisation have bolstered margins. This financial health supports Delhivery's further investment in newer business lines and technology, positioning it well for sustainable long-term growth.
What to watch next
Delhivery’s focus on expanding newer ventures such as its intra-city logistics platform Delhivery Local and financial services business will be key to watch. The Local business has doubled its annualised revenue run rate recently and targets substantial growth over the next two years, aiming for heightened presence in major Indian cities.
Another area of interest is Delhivery’s continued investment in technology and automation, including AI-led customer support and autonomous robotics. These innovations aim to reduce operating costs and enhance service efficiency. Stakeholders will monitor how these initiatives impact margins and operational scale throughout FY27 and beyond.