Delhivery (DELHIVERY) announced record volumes and improved profitability in its Q3FY26 earnings call. Revenue from services grew 18% YoY to nearly ₹2,800 crores. For the first 9 months of FY26, Delhivery exceeded ₹1,000 crores in service EBITDA profits. The company saw about 295 million express parcel shipments. Adjusted EBITDA came in at about ₹147 crores and PAT profitability is at ₹110 crores before Ecom integration costs.
Q3FY26 Financial Highlights
Delhivery announced key financial results during its Q3FY26 earnings call, reflecting substantial growth and improved profitability:
- Record Volumes: The company saw record volumes across its transportation businesses.
- Revenue Growth: Overall revenue from services grew 18% YoY, reaching nearly ₹2,800 crores.
- EBITDA Performance: Adjusted EBITDA reached approximately ₹147 crores.
- PAT Figures: The company’s PAT (Profit After Tax) stood at ₹110 crores before accounting for Ecom integration costs.
- Express Parcel Shipments: Approximately 295 million express parcel shipments were processed during the quarter, a 43% YoY increase.
- PTL Volumes: The company handled 507k metric tons of PTL (Part Truckload) volumes, representing a 23% YoY growth.
Segment Performance
The earnings call highlighted impressive performances across key business segments:
- Express Revenue: Express services generated revenue of ₹1,839 crores, a 24% YoY growth.
- PTL Revenue: PTL revenue saw a growth of 25% YoY.
Strategic Initiatives and Outlook
Delhivery is focused on technology advancements and new service offerings. Key points include:
- Delhivery Direct: Expansion of on-demand intra-city services to Mumbai and Hyderabad.
- Air Economy Product: Launched an air economy product to benefit SME (Small and Medium-sized Enterprises) customers via Delhivery International.
- Technology: Scaled SaaS footprint with TransportOne and launched Freight Index One.
Delhivery is emphasizing profitable growth and strategic investments in core and new businesses.
Executive Commentary
Sahil Barua, MD & CEO, noted the company’s strong service quality and the positive impact of technology and automation. The company aims to continue margin expansion. Vani Venkatesh highlighted the achievement of a ₹1,000 crore service EBITDA.
Guidance and Future Plans
Looking ahead, Delhivery aims for sustained profitable growth with further investments in technology, sales force expansion, and new business ventures.
Source: BSE
