Delhivery reports a surge in business volumes amid a 65% decline in net profit due to merger costs, as it overhauls its leadership structure to support future expansion.
Delhivery said its latest quarterly results were shaped by the integration of Ecom Express, even as business volumes continued to rise. According to YourStory, the logistics company posted revenue of ₹2,931 crore in the quarter, up 28% from a year earlier, but net profit fell 65% to ₹32 crore because of merger-related costs. The company also reported a 55.2% jump in express shipments to 322 million and an 18.4% increase in part-truck load freight volumes, signalling that demand remained strong despite the profit hit.
The numbers mark a sharp reversal from the prior year’s quarter, when Delhivery had reported stronger earnings growth. Moneycontrol said the company’s net profit rose 67% year on year to ₹54.4 crore on revenue of ₹2,294 crore, while Business Standard put consolidated profit at ₹91.05 crore and said revenue climbed 5.6% to ₹2,294 crore. Both reports noted that express parcel volumes increased 14% to 208 million shipments and PTL tonnage rose 15% to 458,000 metric tonnes, with EBITDA reaching ₹149 crore and margins improving to 6.5%.
Delhivery also used the results to refresh its leadership structure. The company announced the elevation of Vani Venkatesh to deputy chief executive, while chief operating officer Ajith Pai is set to step down from the role. That comes as the company continues to push growth in its core logistics network and absorb the operational impact of a major acquisition, a balancing act that will likely remain central through the rest of FY27.
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