Delhivery posted a sharp 67% surge in net profit for Q1 FY26, reaching ₹91 crore, up from ₹54 crore in the same quarter last year.

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This boost in profitability was mainly due to scale-led operating leverage, with EBITDA rising 53% YoY to ₹149 crore and margin expanding to 6.5%.

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Revenue for the June quarter stood at ₹2,294 crore, showing a moderate year-on-year growth of 5.7%.

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The Express Parcel segment performed strongly, with shipment volumes climbing 14% YoY to 208 million and revenue growing 10% to ₹1,403 crore.

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PTL (Part Truck Load) operations reported a 15% jump in tonnage and a 17% increase in revenue, alongside a major improvement in service margins to 10.7%.

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Some verticals faced pressure, including Supply Chain Services, which dropped from ₹259 crore to ₹205 crore, and Cross-Border Services, down from ₹43 crore to ₹24 crore.

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Delhivery is piloting two new verticals—Rapid and Direct—showing early signs of success, with Rapid projected to double its store count by FY26.

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The company completed the acquisition of Ecom Express for up to ₹1,407 crore and expects integration to be complete within six months.

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