Delhivery Reports Flat Profit in Q4, Revenue Growth Reaches 30%

Delhivery Reports Flat Net Profit in Q4, Despite Revenue Growth

Logistics major Delhivery's net profit remained flat on a year-on-year (YoY) basis at Rs 73.4 crore in the fourth quarter (Q4) of financial year 2025-26 (FY26), compared to Rs 72.6 crore in the same period a year ago, according to the company's latest earnings release on May 16.

The Gurugram-based firm had reported a loss of Rs 39.6 crore in the previous quarter. The company's profit for FY26 came in at Rs 152.5 crore, down almost 6 percent from Rs 162.1 crore in the previous year.

Delhivery's revenue from operations rose 30 percent YoY to Rs 2,850 crore in Q4, up from Rs 2,191.6 crore a year ago. On a sequential basis, revenue grew from Rs 2,805 crore in Q3 FY26.

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Revenue Growth Comparison

For the full year, the firm's revenue rose almost 18 percent to Rs 10,508.3 crore, compared to Rs 8,931.9 crore in the previous fiscal.

Delhivery's total expenses increased 27 percent YoY to Rs 2,853.1 crore in the quarter ended March, up from Rs 2,248.7 crore a year ago and Rs 2,820 crore a quarter ago.

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The company reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 764 crore in FY26, with margins expanding to 7.3 percent, nearly double the Rs 380 crore reported in FY25.

Delhivery also turned free cash flow positive during the year, reporting Rs 89 crore in free cash flow (FCF), aided by higher shipment volumes, margin expansion and lower capital intensity.

As of March 2026, the company had cash and cash equivalents of Rs 4,555 crore on its balance sheet.

On May 15, Delhivery's shares on BSE closed 1.15 percent higher at Rs 475.70 apiece.