Summary

Delhivery Limited announced robust Q4 and full-year FY26 results, with revenue from services for FY26 growing by 17% Year-on-Year to ₹10,486 crore. The company reported a significant increase in EBITDA to ₹764 crore for FY26, double the previous year, with a 7.3% margin. Notably, Delhivery achieved free cashflow positive status, reporting ₹89 crore for the full year. In Q4FY26, revenue from services surged by 30% Year-on-Year to ₹2,848 crore, alongside an EBITDA of ₹231 crore with an 8.1% margin, and a consolidated PAT of ₹72 crore. These strong results are attributed to sustained volume growth, consistent margin expansion, and reduced capital intensity.

Key Highlights

1. 1

   Revenue from services reached ₹10,486 crore in FY26, representing a 17% Year-on-Year growth.

2. 2

   The company achieved an EBITDA of ₹764 crore for FY26, which is double the FY25 EBITDA, with a margin of 7.3%.

3. 3

   Consolidated Profit After Tax (PAT) for FY26 stood at ₹153 crore, with PAT before accounting for Ecom Integration costs and exceptional items at ₹347 crore.

4. 4

   Delhivery turned free cashflow positive in FY26, recording ₹89 crore, driven by sustained volume growth, steady margin expansion, and continuous reduction in capital intensity.

5. 5

   The Express parcel business delivered 1 billion e-commerce parcels in FY26, equivalent to the cumulative volumes delivered during Delhivery’s first 10 years of operations.

6. 6

   Q4FY26 revenue from services grew by 30% Year-on-Year to ₹2,848 crore.

7. 7

   Q4FY26 EBITDA was ₹231 crore, achieving an 8.1% margin, and consolidated PAT for the quarter was ₹72 crore.