Delhivery Limited (NSE: DELHIVERY; BSE: 543529) reported its financial results for the second quarter of FY27, recording quarterly revenue from services of ₹3,066 crore, up 20% year-on-year. EBITDA more than tripled to ₹205 crore, representing a margin of 6.7%, while consolidated profit after tax (PAT) stood at ₹41 crore, with a margin of 1.3%.
The company registered strong growth across its principal transportation businesses. Express parcel volumes reached 325 million shipments during the quarter, an increase of 32% over the corresponding period last year. Revenue from the express parcel business grew 22% year-on-year. Part Truck Load (PTL) operations handled 545,000 metric tonnes, registering 14% volume growth and 23% revenue growth over Q2FY26.
Delhivery ended the quarter with a cash balance of ₹4,676 crore, reflecting its strong balance sheet position. The company continued to invest in technology to improve demand planning, increase infrastructure productivity, reduce dependence on labour in facility operations and simplify the customer experience.
Investments in artificial intelligence are beginning to deliver improvements in sales productivity, customer onboarding, claims and dispute resolution, and fraud detection. Delhivery Robotics, the company’s in-house automation laboratory, has commenced production of customised autonomous vehicles for movement operations within facilities. The company has also started testing robotics systems in its facility operations in partnership with global players in the physical AI sector.
Despite rising fuel prices, labour availability constraints and multiple statutory changes, Delhivery reported improved profitability and strong network performance ahead of the festive season. The company said service levels during the period were the best it had recorded, providing a positive start to the second half of FY27.
Delhivery is India’s largest logistics services provider, offering e-commerce and express parcel transportation, Part Truck Load (PTL) and Full Truck Load (FTL) freight, warehousing and supply chain solutions, international freight, and intra-city on-demand logistics. The company also provides data solutions and software-as-a-service offerings, including AI-powered mapping APIs, warehouse management and transportation management systems, serving more than 59,000 clients.
