Delhivery Reports Revenue Growth in Q1 FY27

Delhivery has announced a 27.8% year-on-year rise in revenue for Q1 FY27, although its profits saw a sharp decline during this period. The logistics company’s revenue from operations surged to Rs 2,931 crore in Q1 FY27, up from Rs 2,294 crore in the same quarter last year, as stated in the financial disclosures submitted to the National Stock Exchange (NSE).

Revenue Breakdown and Services

This growth is primarily attributed to Delhivery’s logistics services, which encompass warehousing, last-mile delivery, and the establishment of logistics management systems. Additionally, other income experienced a 12.3% decrease, dropping to Rs 114 crore in Q1 FY27 from Rs 130 crore in the previous year. Therefore, the company’s overall income grew by 25.6% to Rs 3,045 crore, compared to Rs 2,424 crore in Q1 FY26.

Expense Analysis

Freight handling and service costs remain Delhivery’s largest expenditure, comprising 71.45% of total costs. These expenses rose by 31.4% to Rs 2,152 crore in Q1 FY27, up from Rs 1,638 crore the previous year. Employee benefit expenses also increased by 21.9%, reaching Rs 429 crore from Rs 352 crore. Moreover, depreciation costs grew by 28.6% to Rs 189 crore from Rs 147 crore. Finance costs stayed stable at Rs 34 crore, while other expenses escalated by 33.5% to Rs 207 crore from Rs 155 crore. Overall, the company’s total expenses rose by 29.4% to Rs 3,012 crore in Q1 FY27 from Rs 2,327 crore in Q1 FY26.

Profit Decline Amid Revenue Growth

Despite the significant revenue growth, Delhivery’s profit plummeted by 64.8% to Rs 32 crore in Q1 FY27, a decrease from Rs 91 crore in Q1 FY26. On a quarter-on-quarter basis, Delhivery’s operating revenue grew marginally by 2.8% to Rs 2,930.73 crore in Q1 FY27, compared to Rs 2,850 crore in the previous quarter. However, profit saw a substantial decline of 55.9%, falling to Rs 31.91 crore from Rs 72.40 crore during the same period.

Market Performance

Delhivery’s shares closed at Rs 473.30 each on Friday, bringing the company’s market capitalisation to Rs 35,198 crore.