Delhivery Q1FY27 Revenue Up 27.8% to ₹2,931 Cr, Express Parcels Up 55.2%
Delhivery reported Q1FY27 revenue of ₹2,931 crore, up 27.8% YoY, with express parcel shipments growing 55.2% YoY to 322 million. Adjusted EBITDA was ₹76 crore. The company forecasts FY27 Express volume growth of 20-30% and PTL volume growth of 18-22%. New businesses like Delhivery Local and DFS are scaling, and technology investments in AI and automation continue.
The announcement details significant financial performance for the quarter, including revenue growth, volume increases, and EBITDA figures. It also provides forward-looking guidance on growth expectations and outlines strategic initiatives and investments, which are crucial for investors and stakeholders.
The company reported strong year-on-year growth in revenue and shipment volumes, alongside positive commentary on future growth expectations and strategic investments in technology and new businesses. Despite some cost headwinds, the overall outlook and financial performance are positive.
Delhivery Limited reported its financial results for the first quarter of FY27 (ended June 30, 2026), showcasing strong growth across key metrics. The company's network handled 322 million express parcel shipments, marking a year-on-year increase of 55.2%, and 542K metric tons of PTL freight, up 18.4% YoY.
Overall revenue from services reached ₹2,931 crore, a 27.8% YoY increase. Adjusted EBITDA stood at ₹76 crore (2.6% margin), reported EBITDA was ₹156 crore (5.3% margin), and Profit After Tax (PAT) was ₹62 crore, prior to integration costs. The company maintained focus on service quality amidst challenging external factors like labor availability, fuel price increases, and statutory changes.
Delhivery anticipates continued growth momentum, projecting overall Express volume growth for FY27 in the range of 20-30% and PTL volume growth of 18-22%. The company also expects margins to improve in the latter half of FY27, with contractual fuel cost pass-through mechanisms expected to fully reflect in Q2FY27. Integration costs related to the Ecom Express acquisition are largely complete, with total costs incurred being ₹165 crore, lower than the initial guidance of ₹300 crore.
New business initiatives are scaling, with Delhivery Local operational in 6 cities and planning expansion to 10 cities in FY27, reaching an annualized revenue run-rate of ~₹140 crore. Delhivery Financial Services (DFS) received an NBFC license and plans to offer insurance and lending to fleet owners. Investments in technology include the launch of SmartNDR for reducing return rates, the commissioning of an Automated Storage and Retrieval System (ASRS), and the development of Autonomous Mobile Robots (AMRs). Delhivery Maps, an AI-native mapping suite, is also being offered to enterprises.
The company is investing in its frontline workforce through initiatives like Vishram, a network of rest stops, and Abhayam, a welfare program offering accident insurance and family health cover. Capital expenditure for the quarter was 3.1% of revenue, and net working capital remained at 9 days. The cash balance at quarter-end was robust at ₹4,677 crore.
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