Delhivery Reports Strong Q3 FY26 Results with 18% Revenue Growth

Delhivery has announced its Q3 FY26 results, revealing an impressive 18% year-on-year growth in revenue. Concurrently, the company’s profit saw a remarkable increase of 59%, reaching Rs 40 crore.

Financial Highlights for Q3 FY26

According to the financial statements submitted to the National Stock Exchange (NSE), Delhivery’s revenue from operations grew to Rs 2,805 crore in Q3 FY26, up from Rs 2,378 crore in Q3 FY25. The primary source of revenue for Delhivery is its logistics services, which include warehousing, last-mile delivery, and the design and implementation of logistics management systems. Additionally, the company accrued Rs 77 crore from non-operating activities, bringing total revenue to Rs 2,882 crore for the quarter.

Expenditure Breakdown

In terms of expenses, freight handling and servicing costs represented 70% of total expenditure, which increased by 7.4% to Rs 1,980 crore in Q3 FY26. Meanwhile, employee benefit expenses saw a slight decline of 4%, amounting to Rs 410 crore. Depreciation and amortization costs were reported at Rs 187 crore. Legal, finance, and other overhead costs contributed an additional Rs 243 crore, reflecting a 4% rise year-on-year.

Profitability and Year-on-Year Comparisons

The combination of an 18% increase in operating revenue and controlled spending enabled the firm to boost its profit by 59% to Rs 40 crore in Q3 FY26, compared to Rs 25 crore in Q3 FY25. It is noteworthy that the company had reported a loss of Rs 50 crore in the previous quarter.

Performance Over Nine Months

For the first nine months of the fiscal year ending in March 2026, Delhivery’s revenue from operations saw an over 13% year-on-year growth, amounting to Rs 7,658 crore. The profit for this period stood at Rs 88 crore.

Employee Stock Options and Market Position

In a separate filing, Delhivery granted 70,900 employee stock options, valued at Rs 3 crore, based on the company’s current share price. As of the last trading session, Delhivery’s share price was Rs 426.35, which translates to a market capitalization of Rs 31,903 crore (approximately $3.54 billion).