India · Delayed Price · Currency is INR Delhivery Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY2026 saw record volumes and strong profitability, with service revenue up 18% YoY and PAT more than quadrupling. All core segments delivered robust growth, margins expanded, and integration costs from acquisitions were lower than expected.
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Revenue grew 16% YoY to INR 2,546 crore, with express parcel shipments up 32.5% and PAT rising to INR 59 crore. Ecom Express integration was smooth, margins expanded across segments, and new business lines and financial services were launched.
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Q1 FY2026 delivered strong revenue and profit growth, led by Express Parcel and PTL segments, with successful Ecom Express integration boosting volumes and margins. Market share expanded, and further gains are expected in Q2 as integration benefits fully materialize.
Fiscal Year 2025
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Q4 FY25 saw record profitability, with margins expanding and all segments except Express Parcel showing strong growth. The PTL business delivered robust revenue and margin gains, and the Ecom Express acquisition is expected to further boost scale and efficiency.
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Q3 FY25 saw strong revenue and profitability, with service revenue up 8.6% QOQ and PAT doubling YOY. Express and PTL segments grew, while D2C and SME volumes surged. Industry headwinds persist, but margin and growth outlooks remain positive.
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Q2 FY25 saw stable performance with 13% revenue growth and continued PAT profitability, despite one-time adjustments. PTL and supply chain segments led growth, while express margins dipped due to pre-peak investments. Management expects ongoing margin stability and further growth from new product launches.
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Revenue grew 13% YOY with improved profitability across all segments, led by strong PTL and SCS growth. Adjusted EBITDA turned positive, aided by a change in depreciation method and ESOP cost reversal. Outlook remains robust with stable margins and continued expansion in key business lines.