Delhivery Limited has informed the Exchange about Transcript
DELHIVERY · price
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Awaiting price reaction for this filing.
Delhivery reported Q1 FY26 revenue from services of Rs. 2,294 crore, up 6% year-on-year, with EBITDA at Rs. 149 crore (6.5% margin, +200 bps YoY) and PAT at Rs. 91 crore (~4% margin, up from Rs. 54 crore last year). Express Parcel volumes grew 14% YoY to 208 million shipments with service EBITDA margin at 16.3%, while PTL freight grew 15% YoY to 458,000 tonnes. The Ecom Express acquisition was formally completed on July 18, 2025 for a final consideration of Rs. 1,369 crore, and management retained 55-65% of Ecom's volumes versus the original 30% estimate, with full volume impact expected from Q2. Management guided that Express Parcel margins will stay in the 16-18% range, PTL margins can reach 16-18% at ~600,000-640,000 tonnes per quarter, and Supply Chain Services margins have improved from 2.2% in FY25 to 7.2% in Q1.
Strong quarterly execution with profitability expansion, ahead-of-plan Ecom Express integration, and positive volume momentum into Q2 set up a constructive outlook for the stock. Retained volume from Ecom at 55-65% (vs 30% planned) and improved margins across all segments signal operating leverage benefits.