Delhivery Q1 Profit Sinks 65% YoY To ₹32 Cr Despite A 28% Uptick In Revenue

Delhivery’s consolidated net profit for the June quarter of FY27 slumped 65% to ₹31.9 Cr from ₹91.1 Cr in the same quarter last year

Sequentially, the company’s profit declined 56% from ₹72.3 Cr

Operating revenue increased 28% to ₹2,930.7 Cr in the quarter under review from ₹2,294 Cr in Q1 FY26

Logistics major Delhivery’s consolidated net profit for the June quarter of FY27 slumped 65% to ₹31.9 Cr from ₹91.1 Cr in the same quarter last year. Sequentially, the company’s profit declined 56% from ₹72.3 Cr.

Operating revenue increased 28% to ₹2,930.7 Cr in the quarter under review from ₹2,294 Cr in Q1 FY26. However, on a quarter on quarter basis, Delhivery’s top line declined 3% from ₹2,850 Cr. 

Including other income of ₹114.1 Cr, the company’s total income for the quarter stood at ₹3,044.8 Cr. Meanwhile, total expenditure for the quarter stood at ₹3,011.6, up 29% from ₹2,326.6 Cr in the same quarter last year.

Delhivery recorded an EBITDA of ₹156 Cr in the quarter ended in June 2026, up 6.5% YoY from ₹149 Cr. 

On the operational front, Delhivery faced cost and capacity pressures in Q1 FY27 due to labour availability challenges, climate disruptions, higher fuel prices and revisions to statutory minimum wages across four states. 

The company said it deployed additional staff and network capacity to maintain service quality, while fuel price pass-through mechanisms and pricing revisions are expected to offset the impact of higher input costs over the coming quarters. Service EBITDA remained largely stable at 13.1% in Q1 FY27 compared with 13% in the year-ago period.

The company has also stepped up investments in new businesses, technology and automation. 

Delhivery Local, its B2C offering, ended the quarter with an annualised revenue run-rate of more than ₹100 Cr and is targeting over ₹200 Cr by the end of FY27. Further, its financial services subsidiary received an NBFC licence in July 2026 and will offer insurance and lending solutions to fleet owners and transporters.

On the technology front, Delhivery launched SmartNDR, an AI-powered solution for reducing return-to-origin rates, which had more than 500 subscribers by the end of Q1. 

It also commissioned a 6,000-pallet automated storage and retrieval system and launched Delhivery Maps, an AI-native mapping platform built using data from more than 2 Bn shipments. The company said it is also deploying AI agents across customer support, claims, auditing and other operational functions.

The company’s transport business comprises express parcel and part truckload (PTL) services. Delhivery expects its express parcel volumes to grow 20-30% in FY27, after volumes rose 55% YoY in Q1 FY27, driven by market share gains among existing customers and new client additions across the D2C, SME and consumer segments.

The logistics company said sustained customer demand and continued market share gains are expected to support the momentum through the year.

Meanwhile, part-truckload (PTL) volumes grew 18% YoY in Q1 FY27, while revenue from the segment increased 24% YoY. Delhivery attributed the growth to the expansion of its business development teams across geographies, which helped accelerate new customer additions alongside growth from existing clients.

The company expects PTL volumes to grow 18-22% in FY27, with further improvement in yields.

Besides, Delhivery’s board also cleared the following proposals

Shares of Delhivery ended Friday’s trading session 0.26% higher at ₹471.10 on the BSE.

Source: Inc42 - Startups