Delhivery reports net profit of Rs 41 crore in Q2 of FY27

Delhivery, the logistics company, announced a net profit of Rs 40.63 crore in the second quarter of FY27, marking a stark contrast to a loss of Rs 50.49 crore in the same period last year. The company's revenue increased by 19.8% to Rs 3,066.38 crore, up from Rs 2,559.3 crore in the previous year. Despite inflationary pressures, Delhivery managed a strong performance, with a remarkable 32% year-on-year growth in express parcel volume, totaling 325 million shipments.

The part truck load segment also saw an impressive 14% YoY growth. The company attributed its success to faster-than-anticipated growth of its new businesses. Delhivery Local, an on-demand intracity logistics and courier service, is now operational in eight cities and is projected to surpass its previous guidance of an annual revenue run rate of Rs 250 crore by the fourth quarter of FY27.

Additionally, the company's Financial Service arm has started early monetisation of its vendor ecosystem and is forging co-lending partnerships to enhance financial access to vendor partners.

Delhivery's investments in AI are bearing fruit, leading to improved sales productivity, faster customer onboarding, and efficient resolution of claims and disputes. The company's in-house automation lab, Delhivery Robotics, has commenced production of custom-made autonomous vehicles for in-facility movement operations and is testing robotics systems across its under-the-roof operations, partnering with global leaders in physical AI.

Despite a volatile macro environment, Delhivery remains confident heading into the second half of the fiscal year, citing its best-ever network service levels for the festive season and improved profitability.