Delhivery Posts ₹41 Cr Profit In Q2, Revenue Crosses ₹3,000 Cr Mark

Delhivery, the logistics company, disclosed a consolidated net profit of ₹40.6 crore in the September quarter of FY27 (Q2), marking a stark contrast to a loss of ₹50.5 crore in the same period last year. This improvement was driven by revenue growth outpacing the rise in expenses. Sequentially, profit saw a 27.4% increase from ₹31.9 crore, while operating revenue climbed 4.6% annually, reaching ₹3,066.4 crore.

Operating revenue grew a substantial 19.8% year-over-year and 4.6% quarter-over-quarter to reach the impressive figure. Other income, however, declined 27.8% year-over-year to ₹66.6 crore from ₹92.2 crore. Despite this, Delhivery's total income stood at ₹3,133 crore, compared to ₹2,651.5 crore a year earlier.

The company's total expenses, which increased by 14.2% year-over-year, reached ₹3,093 crore from ₹2,708.1 crore. Freight, handling, and servicing costs, the largest expense head, rose 19.1% to ₹2,195.1 crore from ₹1,842.9 crore. Delhivery reported a pre-tax profit of ₹39 crore against a pre-tax loss of ₹53.2 crore in Q2 FY26. A net tax credit of ₹1.6 crore boosted its net profit to ₹40.6 crore.

The company's board approved an equity investment of up to ₹36 crore in Delhivery Fintech Distribution, in one or more tranches, to support the subsidiary's operational and business needs.