Delhivery Reports Q4 FY26 Results

Delhivery has unveiled its Q4 FY26 financial results, showcasing a notable 30% rise in revenue year-on-year. However, the company’s profit during this period has largely remained stable. According to financial statements filed with the National Stock Exchange (NSE), Delhivery’s revenue from operations surged to Rs 2,850 crore in Q4 FY26, up from Rs 2,192 crore in the same quarter of FY25.

Revenue Breakdown and Income Sources

The primary source of revenue for Delhivery stems from its logistics services, which encompass warehousing, last-mile delivery, and the design and implementation of logistics management systems. Additionally, the company reported Rs 59 crore in non-operating income, bringing its total income to Rs 2,909 crore for Q4 FY26.

Expenses Impacting Profitability

Delhivery’s major costs arise from freight handling and servicing, making up nearly 70% of overall expenditures. These expenses saw an increase of 28%, amounting to Rs 2,006 crore for the quarter. Employee benefit expenses also escalated, increasing by 23.7% to reach Rs 417 crore. Overall, the company’s total expenditure climbed to Rs 2,853 crore in Q4 FY26, up from Rs 2,249 crore in the equivalent quarter last year.

Profit Performance for Q4 FY26

Despite the impressive revenue growth, Delhivery’s profit for Q4 FY26 showed little change, standing at Rs 72.3 crore. Factors such as a reduction in other income alongside increased employee costs, freight expenditures, and operational overheads have influenced the company’s net income during the quarter.

Annual Results for FY26

For the complete fiscal year ending in March 2026, Delhivery experienced a 17.6% uptick in revenue from operations, reaching Rs 10,508 crore, compared to Rs 8,932 crore in FY25. Nevertheless, the company’s profit decreased by 6%, falling to Rs 152.5 crore in FY26, down from Rs 162.1 crore in the preceding fiscal year.

Recent Share Activity

Recently, Nexus Venture Partners executed a block deal, selling shares worth Rs 716 crore in Delhivery. Notable institutions, such as Morgan Stanley, Edelweiss Mutual Fund, Goldman Sachs, Nippon India Mutual Fund, and Hong Kong-based Viridian Asia Opportunities Master Fund, were among the buyers.

Market Performance

On Friday, Delhivery’s shares were valued at Rs 476.2 each, contributing to the company’s overall market capitalisation of Rs 35,654 crore.