Delhivery Reports Flat Net Profit of Rs 72.4 Crore in Q4, with Revenue Soaring 30% Year-on-Year.
Delhivery’s financial performance for Q4FY26 showcased mixed results, with a slight year-on-year decline in net profit of 0.2%, amounting to Rs 72.4 crore, as compared to Rs 72.6 crore in the same quarter last year. However, when excluding the integration costs and other exceptional items, the profit after tax surged to Rs 87 crore. This performance is set against a backdrop of robust revenue growth, which increased by 30% year-on-year reaching Rs 2,850 crore, up from Rs 2,191.6 crore in the same quarter of the previous year. The company also reported significant improvement in quarterly EBITDA, which rose by 80% to Rs 214.2 crore, resulting in an EBITDA margin expansion from 5.4% to 7.5%.
Moreover, Delhivery’s operational metrics for the quarter reflected a noteworthy surge in express parcel volumes, which rose by an impressive 72% year-on-year to 306 million shipments. Additionally, the PTL freight volume experienced a 20% increase, totaling 549,000 metric tonnes. The introduction of an AI-driven autonomous transport management system signifies Delhivery’s commitment to innovation, enhancing supply chain efficiencies in freight procurement, shipment planning, and invoice reconciliation. Furthermore, the successful expansion of Delhivery International’s economy air-parcel services to key markets such as the UK, Canada, and Australia highlights the company’s strategic growth initiatives.
For the full fiscal year FY26, Delhivery’s consolidated performance turned free cash flow positive, reporting Rs 89 crore, alongside revenue generating over Rs 10,486 crore. The company’s express parcel volumes totaled a striking 1 billion shipments, contributing to a 17% year-on-year rise in PTL freight volume, which reached approximately 2 million metric tonnes. The year concluded with an EBITDA of Rs 764 crore, representing a remarkable near doubling from FY25. Delhivery’s overall PAT for FY26 stood at Rs 153 crore, with a return on invested capital (ROIC) of 16% in its transport business, underscoring efficient capital management strategies. As of March 2026, the company held robust cash and cash equivalents of Rs 4,555 crore, positioning it well for future growth and operational advancements.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova team.)