Delhivery Ltd — earnings calls

Delhivery reported Q1FY27 revenue of nearly Rs.3000 Cr, up about 28% year-on-year, and EBITDA of Rs.156 Cr, up about 5% year-on-year. Management said the quarter faced labor shortages, weather and election disruptions, and fuel and wage inflation, while express volumes grew 55% year-on-year to 322 million packages and PTL freight grew 18% to 542,000 tonnes with rising yields. Management also discussed supply chain services margin decline due to two new contract ramp-ups and continued investment in Delhivery Local and Delhivery Direct.

Delhivery reported FY26 consolidated revenue of over Rs 10,400 crore and delivered more than a billion packages during the year, alongside PTL freight volumes of about 2 million metric tons. Management said the company turned free cash flow positive at about Rs 89 crore, a year ahead of its earlier guidance, while service EBITDA expanded across Express, PTL and Supply Chain Services. Executives also discussed the completed Ecom Express integration, reduced net working capital days, and planned investments in new initiatives such as Delhivery Direct and Rapid.