Delhivery Swings to Rs 40.6 Crore Profit as Q2 Revenue Up 19.8%
Delhivery returned to profit in Q2 FY27 after a loss a year earlier.
Key Takeaways
- Delhivery posted a consolidated net profit of Rs 40.6 crore in Q2 FY27, against a loss of about Rs 50.5 crore a year earlier.
- Revenue from operations rose 19.8% to about Rs 3,066 crore.
- Adjusted EBITDA was Rs 123 crore, at a margin of 4.0%.
- Express parcel shipments were 325 million, up 32.1%.
- Q1 FY27 net profit was Rs 31.9 crore.
Delhivery reported a consolidated net profit of Rs 40.6 crore for the September 2026 quarter (Q2 FY27), against a loss of about Rs 50.5 crore in the same quarter last year. Revenue from operations rose 19.8% to about Rs 3,066 crore, from Rs 2,559.3 crore a year earlier.
Adjusted EBITDA was Rs 123 crore, at a margin of 4.0%. A year ago, Ecom Express integration costs were Rs 90 crore.
Delhivery Q2 FY27 at a glance
| Detail | Delhivery |
|---|---|
| Consolidated net profit | Rs 40.6 crore (loss of about Rs 50.5 crore a year earlier) |
| Net profit in Q1 FY27 | Rs 31.9 crore |
| Revenue from operations | About Rs 3,066 crore, up 19.8% from Rs 2,559.3 crore |
| Adjusted EBITDA | Rs 123 crore |
| Adjusted EBITDA margin | 4.0% |
| Ecom Express integration costs in Q2 FY26 | Rs 90 crore |
How Delhivery's shipments and freight volumes grew
Delhivery handled 325 million express parcel shipments in the quarter, up 32.1% from a year earlier. Its PTL freight business moved about 545,000 metric tonnes, up 14.2%.
Reported EBITDA was Rs 205 crore, about three times the level a year earlier.
How Delhivery's quarterly result moved from loss to profit
| When | What happened |
|---|---|
| Q2 FY26 (July to September 2025) | Loss of about Rs 50.5 crore, with Rs 90 crore of Ecom Express integration costs |
| Q1 FY27 (April to June 2026) | Net profit of Rs 31.9 crore |
| Q2 FY27 (July to September 2026) | Net profit of Rs 40.6 crore |
Where Delhivery stands after its Q2 FY27 profit
Delhivery earned Rs 31.9 crore in Q1 FY27 and Rs 40.6 crore in Q2 FY27, and its quarterly revenue is now above Rs 3,000 crore. Its adjusted EBITDA margin in the quarter was 4.0%.
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