Delhivery Q2 PAT at Rs 41 crore against year-ago loss; revenue from services rises 20%
Consolidated revenue from services increased 19.81% year on year to Rs 3,066 crore from Rs 2,559 crore. Revenue rose 4.61% quarter on quarter from Rs 2,931 crore in Q1 FY27.
EBITDA more than tripled year on year to Rs 205 crore in Q2 FY27, with an EBITDA margin of 6.7%. The company said profitability improved despite an inflationary cost environment.
Profit before share of profit or loss of associate and tax stood at Rs 40 crore in Q2 FY27, against a loss of Rs 57 crore in Q2 FY26. Sequentially, it increased 21.21% from Rs 33 crore in Q1 FY27.
Total expenses increased 14.22% year on year to Rs 3,093 crore from Rs 2,708 crore. Freight, handling and servicing costs rose 19.09% to Rs 2,195 crore from Rs 1,843 crore. Employee benefit expenses increased 4.69% to Rs 446 crore, while other expenses declined 1.35% to Rs 220 crore. Finance costs fell 12.82% to Rs 34 crore, while depreciation and amortisation increased 10.67% to Rs 197 crore.
Express parcel volumes increased 32% year on year to 325 million shipments, while revenue from the business grew 22%. Part Truck Load (PTL) volumes rose 14% to 545,000 metric tonnes, with revenue increasing 23%.
The company reported a cash balance of Rs 4,676 crore at the end of Q2 FY27. Its network covered more than 220 countries and territories, with 59,704 active customers. Infrastructure expanded to 25.2 million square feet, while its average daily fleet size stood at 21,079 vehicles.
Delhivery continued to invest in technology and automation, including artificial intelligence applications to improve sales productivity, customer onboarding, claims resolution and fraud detection. Its in-house Delhivery Robotics facility has started producing customised autonomous vehicles for movement within facilities. The company is also testing robotics systems across its operations.
The company said network service levels ahead of the festive season were the best it had recorded, while profitability improved despite rising fuel prices, labour availability challenges and regulatory changes. It expects to carry this operating momentum into the second half of FY27.
Delhivery is India's largest logistics services provider, offering express parcel delivery, freight transportation, warehousing, supply chain management and international logistics. It also provides technology-led solutions, including AI-powered mapping APIs and warehouse and transportation management systems, serving over 59,000 clients.
Shares of Delhivery fell 2.84% to settle at Rs 386 on Friday, 30 October 2026.
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