Delhivery Limited has informed the exchange about Transcript of Earnings Conference Call pertaining to the Financial Results for the quarter and financial year ended March 31, 2026

Delhivery reported FY26 revenue of Rs 10,486 crore with PAT of Rs 347 crore (3.2% margin), and Q4 revenue of Rs 2,848 crore with PAT of Rs 87 crore. The company turned free cash flow positive at Rs 89 crore, one year ahead of its internal plan. Express segment grew 46% YoY (72-73% volume growth) with 306 million packages in Q4; PTL grew 20% in both revenue and volume. Supply chain services (SCS) achieved a fourfold expansion in service EBITDA to Rs 79 crore with margins improving from 2.2% to 10.9%. ROIC expanded to 16% from 5.2% previously. The company holds over Rs 4,500 crore in cash. CapEx intensity reduced to 4.7% of revenue. Management indicated further margin expansion is expected and the company is investing Rs 130-160 crore in new initiatives (local, cross-border, rapid, financial services). On competition, management stated 3P networks are structurally cheaper than 1P and expects gradual volume shift to third-party logistics. Management noted the market is more settled post-acquisition activity and that further industry consolidation is likely not needed.