Delhivery, a logistics company based in Gurugram, has announced its consolidated net profit for Q1 of FY26 amounted to ₹91 crore, marking a 67% rise from ₹54 crore in the year-ago quarter.

The company credited the increase in profitability to scale-driven operating leverage, noting a 53% year-on-year rise in EBITDA to Rs 149 crore and an expansion of EBITDA margins from 4.5% to 6.5% over the past year.

In the June quarter, services revenue reached Rs 2,294 crore, reflecting a modest increase of 5.7% from Rs 2,172.3 crore in the same quarter of the previous year.

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During the quarter, Delhivery’s primary Express Parcel business maintained its momentum, with shipment volumes increasing 14% year-on-year to reach 208 million and segment revenue climbing 10% to Rs 1,403 crore.

The Part Truck Load (PTL) segment showed robust performance, with the tonnage managed rising 15% compared to the previous year, reaching 458,000 metric tonnes.  PTL’s revenue rose by 17% to reach Rs 508 crore, and service EBITDA margins saw a substantial increase, climbing from 3.2% to 10.7% compared to the same quarter of the previous year.

However, Other Businesses encountered challenges.  Supply Chain Services revenue decreased to Rs 205 crore from Rs 259 crore, Truckload revenue dropped to Rs 148 crore from Rs 156 crore, and Cross-Border Services fell sharply to Rs 24 crore from Rs 43 crore.

Two new verticals are being piloted by Delhivery.  With a monthly revenue run rate of Rs 1.2 crore, Rapid, which currently operates 20 stores across three cities, is expected to expand to 40 stores by the end of FY26.  It is said that Direct, which is currently operating in Ahmedabad, NCR, and Bengaluru, is demonstrating promising traction.

Additionally, Delhivery officially concluded its purchase of Ecom Express for a maximum of Rs 1,407 crore.  Having received regulatory clearance from the Competition Commission of India in June, the deal allows Delhivery to acquire a fully diluted stake of up to 99.44% in Ecom Express.

Two new verticals are being piloted by Delhivery.  With a monthly revenue run rate of Rs 1.2 crore, Rapid, which currently operates 20 stores across three cities, is expected to expand to 40 stores by the end of FY26.  It is said that Direct, which is currently operating in Ahmedabad, NCR, and Bengaluru, is demonstrating promising traction.

Additionally, Delhivery officially concluded its purchase of Ecom Express for a maximum of Rs 1,407 crore.  Having received regulatory clearance from the Competition Commission of India in June, the deal allows Delhivery to acquire a fully diluted stake of up to 99.44% in Ecom Express.

Although Ecom’s financials are not included in the Q1 results, integration efforts have commenced and are anticipated to be finished within the next six months.  The firm reiterated that expenses tied to integration would not exceed Rs 300 crore and mentioned that revenue retention from Ecom’s current business is presently exceeding expectations.

According to Delhivery CEO Sahil Barua, “The enhanced profitability from operating at a larger scale reaffirms the efficiencies linked to the inherent operating leverage in our business.  We are optimistic about the upcoming festive sale season.