Delhivery Reports Significant Revenue Growth in Q2 FY27
Delhivery has showcased a remarkable 19.8% increase in revenue year-on-year for the second quarter of the current fiscal year (Q2 FY27), maintaining its profitability throughout the period. The company’s revenue from operations surged to Rs 3,066 crore in Q2 FY27, up from Rs 2,559 crore in Q2 FY26, according to financial disclosures retrieved from the National Stock Exchange (NSE).
Revenue Sources and Total Income of Delhivery
The primary revenue for Delhivery stems from its logistics services such as freight handling, transportation, and warehousing. Additionally, the company generated other income amounting to Rs 67 crore, which brought its total income to Rs 3,133 crore in Q2 FY27 compared to Rs 2,652 crore in Q2 FY26.
Cost Analysis for Delhivery
Freight handling and servicing costs emerged as Delhivery’s largest expenditures, making up 70.97% of overall expenses. This cost rose by 19.1%, reaching Rs 2,195 crore in Q2 FY27, up from Rs 1,843 crore in the same quarter last year. Furthermore, employee benefit expenses saw a 4.7% increase to Rs 446 crore, up from Rs 426 crore. Depreciation expenses jumped by 11% to Rs 197.5 crore from Rs 178 crore. In contrast, finance costs saw a reduction of 12.8%, amounting to Rs 34 crore, while other expenses remained stable at Rs 220 crore in Q2 FY27.
Profitability and Market Performance of Delhivery
Delhivery recorded a net profit of Rs 40.64 crore in Q2 FY27, a significant turnaround from a net loss of Rs 50.50 crore in the same period the previous year. The company also achieved a profit of Rs 32 crore in the first quarter of the current fiscal year (Q1 FY27).
Half-Yearly Overview
Over a six-month period, Delhivery’s operating revenue grew by 23.6%, reaching Rs 5,997 crore in H1 FY27, up from Rs 4,853 crore in H1 FY26. The net profit for this half-yearly period climbed 78.9% to Rs 72.55 crore, compared to Rs 40.55 crore in the previous year.
Market Capitalisation
Delhivery’s shares concluded at Rs 386 each on Friday, resulting in a market capitalisation of Rs 29,831 crore for the company.