Delhivery Limited has released its investor presentation for the second quarter and half year ended September 30, 2026. The presentation, shared on October 30, 2026, details the company’s continued growth momentum across key operational and financial metrics for Q2FY27 and H1FY27. Key highlights include increases in express parcel shipments, PTL freight tonnage, and overall revenue from services.
Delhivery Unveils Q2 FY27 Earnings Presentation
Delhivery Limited has issued an investor presentation for the quarter and half year ended September 30, 2026. The presentation, made public on October 30, 2026, outlines the company’s financial performance and operational achievements during this period. The Earnings Conference Call to discuss these results was scheduled for the same day at 06:00 P.M. (IST).
Key Financial and Operational Highlights (Q2FY27 & H1FY27)
The company reported continued growth momentum in its operations. For Q2FY27, Delhivery handled 325 million express parcel shipments, a year-on-year increase of 32.1%, and 545K MT of PTL freight tonnage, up 14.2%. Revenue from services reached ₹3,066 Cr, showing a 19.8% year-on-year growth, with total income at ₹3,133 Cr. Adjusted EBITDA stood at ₹123 Cr with a margin of 4.0%, and PAT was ₹41 Cr with a margin of 1.3%.
For the first half of fiscal year H1FY27, express parcel shipments reached 647 million (up 42.7% YoY), and PTL freight tonnage was 1,087K MT (up 16.3% YoY). Revenue from services grew by 23.6% to ₹5,997 Cr, and total income increased to ₹6,178 Cr. Adjusted EBITDA for H1FY27 was ₹199 Cr (3.3% margin), and PAT was ₹73 Cr (1.2% margin).
Transport Segment Performance
The transport segment demonstrated strong performance. In Q2FY27, Transport (Express + PTL) revenue was ₹2,633 Cr, a 22.1% increase year-on-year. Express parcel shipments in Q2FY27 grew by 32.1% to 325 million, and express parcel revenue rose by 21.7% to ₹1,961 Cr. PTL freight tonnage saw a 14.2% increase to 545K MT, with PTL freight revenue up by 23.1% to ₹672 Cr. Adjusted EBITDA for the segment in Q2FY27 was ₹166 Cr, with a margin of 6.3%.
For H1FY27, Transport (Express + PTL) revenue increased by 26.2% to ₹5,135 Cr. Express parcel shipments grew by 42.7% to 647 million, and express parcel revenue was up by 27.1% to ₹3,830 Cr. PTL freight tonnage increased by 16.3% to 1,087K MT, with PTL freight revenue rising by 23.8% to ₹1,305 Cr. Adjusted EBITDA for H1FY27 was ₹294 Cr, with a margin of 5.7%.
Service Line-wise Profitability and Capital Intensity
The company’s service line-wise profitability shows consistent trends, with Transport (Express + PTL) reporting an Adjusted EBITDA margin of 6.3% in Q2FY27 and 5.7% in H1FY27. Supply Chain Services reported an Adjusted EBITDA margin of 0.9% in Q2FY27 and 1.3% in H1FY27. The presentation also highlighted a consistent reduction in capital intensity, with Net Working Capital Days decreasing to 5 days by Sep’26 and Capex as a percentage of revenue standing at 4.8% for H1FY27.
Consolidated Financials
The consolidated balance sheet as of September 26 indicates total assets of ₹12,970 Cr and total equity and liabilities of ₹12,970 Cr. Cash equivalents stood at ₹4,676 Cr. The consolidated cash flow summary shows net cash from operating activities of ₹525 Cr for H1FY27, while investing and financing activities resulted in net cash used of ₹237 Cr and ₹222 Cr, respectively, leading to a net change in cash of ₹66 Cr.
The presentation also detailed employee stock options, with 58,45,403 vested (unexercised) ESOPs and 1,63,15,395 unvested ESOPs as of September 30, 2026. The estimated non-cash P&L charge for ESOPs already granted is projected to be ₹141 Cr in FY27.
Source: BSE
