Delhivery swung to a consolidated net profit of ₹40.6 Cr in Q2 FY27 from a ₹50.5 Cr loss a year earlier, while operating revenue grew 19.8% YoY.
Operating revenue growth outpaced the 14.2% increase in total expenses, helping the logistics company turn profitable despite a decline in other income.
The company’s board approved an investment of up to ₹36 Cr in wholly owned subsidiary Delhivery Fintech Distribution to fund its operational and business requirements.
Logistics company Delhivery
reported a consolidated net profit of ₹40.6 Cr in the September quarter of FY27 (Q2) from a loss of ₹50.5 Cr in the year-ago period, supported by revenue growth outpacing the increase in expenses. Sequentially, profit increased 27.4% from ₹31.9 Cr, while operating revenue grew 4.6% from ₹2,930.7 Cr.
Operating revenue rose 19.8% YoY and 4.6% QoQ to ₹3,066.4 Cr during the quarter under review. Other income fell 27.8% YoY to ₹66.6 Cr from ₹92.2 Cr. Including this, Delhivery’s total income stood at ₹3,133 Cr as against ₹2,651.5 Cr a year earlier.
The company’s total expenses increased 14.2% YoY to ₹3,093 Cr from ₹2,708.1 Cr. Freight, handling, and servicing costs, its largest expense head, rose 19.1% to ₹2,195.1 Cr from ₹1,842.9 Cr.
The company reported a pre-tax profit of ₹39 Cr against a pre-tax loss of ₹53.2 Cr in Q2 FY26. A net tax credit of ₹1.6 Cr took its net profit to ₹40.6 Cr.
Alongside the results, Delhivery’s board approved an equity investment of up to ₹36 Cr in Delhivery Fintech Distribution, in one or more tranches, to support the subsidiary’s operational and business requirements.
(The story will be updated soon)
Source: Inc42
