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Earnings Call

Delhivery Earnings Call: Key Takeaways

Delhivery achieved a major milestone in FY26, crossing ₹10,400Cr revenue and turning free cash flow positive. Management highlighted the Ecom Express acquisition completion and a shift towards profitable growth.

Why this was an Alfa AlertNot a filter event. Performance was strong but achieved one year ahead of plan rather than beating a specific numeric guidance range by over 5%.
Highlights
Revenue growth40% overall growth; Express business up 46% YoY.
MarginsExpress margins at 16-18%; overall adjusted EBITDA at 7.3%.
Order bookBillion-plus shipments in FY26; 2 million metric tons in PTL.
Demand visibilityPositive 15-20% medium-term e-commerce industry growth expected.
Management confidenceHigh; Board reconstitution complete; profitable and cash generative core.

Growth

Revenue reached ₹10,486Cr; Express parcel revenue grew 46% YoY with a billion-plus shipments. PTL revenue was ₹2,254Cr.

Outlook

Guided for 15-20% e-commerce industry growth; planned ₹130-160Cr investment in new initiatives (Delhivery Direct/Rapid) for FY27.

Risks

Fuel price increases (diesel) and tightening labor markets in India creating cost pressures and potential consumption headwinds.

Source

Earnings Call filed with NSE, NSE: DELHIVERY. Summary written with AI assistance from the document.

Read the document ↗

Delhivery Ltd: key numbers

Share price
₹422.70
Market cap
₹31,673 Cr
Revenue (annual)
₹10,508 Cr
Net profit (annual)
₹152.7 Cr
P/E (TTM)
338.6×Sector 29.0×
Promoter holding
0.00%+0.00% QoQ
FII holding
41.93%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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