Delhivery Reports Impressive Growth in Revenue for Q2 FY27
Delhivery, a leading logistics company, announced a remarkable 19.8% growth in revenue year-on-year for the second quarter of the fiscal year 2027 (Q2 FY27). The company managed to stay profitable during this quarter.
The revenue from operations climbed to Rs 3,066 crore in Q2 FY27, up from Rs 2,559 crore in Q2 FY26, as detailed in its financial statements released by the National Stock Exchange (NSE). Delhivery earns its revenue primarily through logistics services which encompass freight handling, transportation, and warehousing services. Additionally, the firm recorded other income amounting to Rs 67 crore, raising its total income to Rs 3,133 crore in Q2 FY27, compared to Rs 2,652 crore in Q2 FY26.
Expenses Breakdown at Delhivery
Freight, handling, and servicing costs represented the largest portion of Delhivery’s expenses, constituting 70.97% of the total. These costs surged by 19.1% to Rs 2,195 crore in Q2 FY27 from Rs 1,843 crore in the same quarter last year. Employee benefit expenses saw a rise of 4.7%, increasing to Rs 446 crore from Rs 426 crore. Moreover, depreciation expenses escalated by 11% to Rs 197.5 crore from Rs 178 crore. In contrast, finance costs decreased by 12.8% to Rs 34 crore, while other expenses remained relatively stable at Rs 220 crore in Q2 FY27.
Total Expense Overview
In summary, Delhivery’s total expenses grew by 14.2%, amounting to Rs 3,093 crore in Q2 FY27, compared to Rs 2,708 crore in Q2 FY26.
Profitability Insights
Delhivery’s net profit for Q2 FY27 reached Rs 40.64 crore, a significant turnaround from a net loss of Rs 50.50 crore during the same period last year. The company also reported a profit of Rs 32 crore in the first quarter of the current fiscal year (Q1 FY27).
Half-Yearly Performance
On a half-yearly scale, Delhivery achieved an impressive 23.6% increase in operating revenue, totaling Rs 5,997 crore in the first half of fiscal year 2027 (H1 FY27), compared to Rs 4,853 crore for H1 FY26. Their net profit also saw a notable rise of 78.9%, growing to Rs 72.55 crore from Rs 40.55 crore over the same timeframe.
Market Capitalisation
As of Friday, Delhivery’s shares closed at Rs 386 each, leading to a market capitalisation of Rs 29,831 crore.