Delhivery Ltd
P&L
Quarterly Consolidated
vs Q2 FY26
Delhivery Crosses Rs.1,000 Cr Service EBITDA in FY26, Announces Q3FY26 Results
31 Jan 2026 · 31 Jan, 4:32 pm
Summary
Delhivery Limited announced Q3FY26 results with a revenue from services of Rs.2,798 Cr in Q3FY26, growth of 18% YoY and 10% QoQ. The company crossed Rs.1,000 Cr of service EBITDA profits in a FY for the first time and achieved the highest Adjusted EBITDA for Q3FY26 at Rs.147 Cr. Delhivery also launched several new initiatives and completed the first field mission with autonomous VTOL drones.
Key Highlights
- 1
Revenue from services of Rs.2,798 Cr in Q3FY26, growth of 18% YoY and 10% QoQ
- 2
Record festive season for Express Parcel with 295 million shipments in Q3FY26 - growth of 43% YoY
- 3
Part Truck Load (PTL) crossed 500K MT for the first time: growth of 23% YoY
- 4
Key contracts won during Q3FY26 - pan-India mandate for one of India’s largest engineering companies, supply chain redesign for flagship luxury home & lifestyle brand and 9 new e-commerce mandates
- 5
Crossed milestone of Rs.1,000 Cr of service EBITDA profits in a FY for the first time
- 6
Adjusted EBITDA for Q3FY26 at Rs.147 Cr (5.3% margin, 227% YoY growth): highest in company’s history so far, and at par with the whole of FY25
- 7
Expanded on-demand logistics service Delhivery Direct to Mumbai and Hyderabad, in addition to NCR, Bangalore and Ahmedabad
- 8
Launched Delhivery International, an economy air-parcel service aimed at making exports cheaper for Indian SMEs
- 9
Completed TransportOne TMS integration with Supply Chain Services operations and onboarded 12 external TMS clients
- 10
Successfully completed the first field mission with autonomous VTOL drones in Deoria, Uttar Pradesh, performing a 12 km test medical delivery in 12 minutes
Management Comments
Not specified
Business Growth: Revenue from services of Rs.2,798 Cr in Q3FY26, growth of 18% YoY and 10% QoQ. Record festive season for Express Parcel with 295 million shipments in Q3FY26 - growth of 43% YoY, driven by strong SOW gains across clients. Part Truck Load (PTL) crossed 500K MT for the first time: growth of 23% YoY, driven by consistent sales efforts and stable service precision and service quality despite large increase in network volumes Supply Chain Services: Key contracts won during Q3FY26 - pan-India mandate for one of India’s largest engineering companies, supply chain redesign for flagship luxury home & lifestyle brand and 9 new e-commerce mandates Profitability Expansion: Crossed milestone of Rs.1,000 Cr of service EBITDA profits in a FY for the first time Transport (Express + PTL) profitability surged on account of operating leverage, Service EBITDA at 16.4% in Q3FY26 (vs 12.8% in Q3FY25 and 13.5% in Q2FY26) Adjusted EBITDA for Q3FY26 at Rs.147 Cr (5.3% margin, 227% YoY growth): highest in company’s history so far, and at par with the whole of FY25 PAT at Rs.110 Cr in Q3FY26, prior to Ecom integration costs and Exceptional items. PAT of Rs.40 Cr after Ecom integration costs and Exceptional items New Initiatives: Expanded on-demand logistics service Delhivery Direct to Mumbai and Hyderabad, in addition to NCR, Bangalore and Ahmedabad Launched Delhivery International, an economy air-parcel service aimed at making exports cheaper for Indian SMEs Released Freight Index One, an open, national freight index with transparent access to FTL pricing for shippers, fleet owners and transporters with historical price information and forward forecasts Completed TransportOne TMS integration with Supply Chain Services operations and onboarded 12 external TMS clients Successfully completed the first field mission with autonomous VTOL drones in Deoria, Uttar Pradesh, performing a 12 km test medical delivery in 12 minutes All financials excluding impact of Ecom Express acquisition
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