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Earnings Call Transcript

Delhivery Earnings Call Transcript: Key Takeaways

Strong Q1 results led by robust volume growth in Express business, despite margin headwinds from fuel and statutory wage inflation.

Guidance and delivery
Management target Revenue 25.0% FY27
Highlights
Revenue growth28% YoY growth driven by record quarterly Express parcel volumes.
MarginsEBITDA margins impacted by wage hikes and fuel lag; recovery expected.
Demand visibilityStrong visibility with festive spikes expected to continue through H2.
Management confidenceBalanced; optimistic on volumes but cautious about near-term input costs.

Growth

Revenue rose 28% YoY to ₹3,000 Cr; Express volumes grew 55% YoY, partly inorganic.

Outlook

Management expects Express volumes to hit upper end of 20-30% guidance range for FY27.

Risks

Rising fuel and minimum wage costs lack immediate contractual pass-through in some segments.

Last quarter's promises, checked

Delivered

  • Free cash flow positive by FY27 → delivered ₹89 Cr in FY26 (= BEAT)
  • Revenue target >₹10,000 Cr → delivered ₹10,486 Cr (= BEAT)
  • Express volume target 1B parcels → delivered 1B+ (= BEAT)

Partly delivered

  • CapEx intensity target 4% → delivered 4.7% (= PARTIAL)
Source

Earnings Call Transcript 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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