Delhivery reports 65% dip in profit, revenue up 28% in Q1
Delhivery also announced the elevation of Vani Venkatesh to the role of Deputy CEO, effective immediately. Ms Venkatesh joined the company in February 2025 as Chief Business Officer and Key Managerial Personnel, and has been leading the company’s revenue functions.
Delhivery, a leading logistics firm, disclosed a 65% reduction in profit and a 28% increase in revenue for the first quarter of FY27. The decrease in net profit was mainly attributed to integration expenses linked to its Ecomm acquisition. For the same period last year, net profit reached Rs 91 crore against the current Rs 32 crore.
Revenue for the quarter stood at Rs 2,931 crore, a 28% increase from the previous year's Rs 2,294 crore. The company reported a 55.2% year-on-year growth in express shipments, totaling 322 million, and an 18.4% year-on-year increase in partial truck load (PTL) freight. Delhivery attributed the growth to sustained market share gains and strong customer demand from D2C, SME, and consumer segments.
The company expects this momentum to persist and projects an overall express volume growth for FY27 between 20-30%. Additionally, Delhivery named Vani Venkatesh as Deputy CEO, effective immediately, expanding her duties to include revenue, marketing, and customer experience. CEO Ajith Pai is stepping down from his role.
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