Delhivery reports a 65% drop in net profit for Q1 FY2027, highlighting challenges in translating scale into profitability even as revenue and certain business segments show strong growth.
Delhivery’s first-quarter profit for fiscal 2027 fell sharply even as revenue continued to grow, underscoring the logistics group’s challenge of converting scale into stronger earnings. According to NDTV Profit, the company posted net profit of ₹32 crore for the quarter ended June 30, down 64.9% from ₹91 crore a year earlier, while revenue rose 27.8% to ₹2,931 crore.
Operating performance also weakened. NDTV Profit reported that EBITDA slipped 4.5% to ₹142 crore from ₹149 crore a year earlier, with the margin narrowing to 4.8% from 6.5%. That suggests costs grew faster than profitability despite the top-line expansion.
The latest numbers come after a mixed run in the previous quarter. NDTV Profit said Delhivery’s fourth-quarter profit was broadly flat year on year at ₹72.3 crore, while revenue climbed 30% to ₹2,850 crore. EBITDA in that period jumped 80% to ₹214 crore and the margin improved to 7.5%, indicating the first quarter marked a step back from that stronger operating trend.
Still, some underlying business lines appear to be scaling well. Arthneeti said Delhivery expects medium-term growth of 15% to 20% in India’s e-commerce market and reported strong gains in its express business, with revenue up 46% and volume growth of 72% to 73%. The same analysis said its PTL, or part-truckload, segment grew 20% in both revenue and volume, while supply chain solutions saw service EBITDA rise fourfold to 10.9%. StockAnalysis and Moneycontrol data also show the company remains in a net cash position, with cash and equivalents above total debt, giving it some balance-sheet support as it pursues margin improvement.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
