Delhivery swings to ₹40.64 Cr Q2 profit as revenue rises 19.8% to Rs 3,066 crore

Delhivery announced its Q2 FY27 results on Friday, October 30, as first reported by CNBC-TV18. Revenue from operations was Rs 3,066 crore, up 19.8% year on year. Net profit was Rs 40.64 crore, compared with a loss of Rs 50.50 crore in the year-ago quarter. Entrackr first reported the year-ago revenue figure of Rs 2,559 crore.

Compared with the previous quarter, operating revenue grew 4.6% from Rs 2,930.7 Cr, as first reported by Inc42. Q1 profit was Rs 32 crore, so Q2 profit rose 27.4% sequentially. Other income was Rs 67 crore and total income was Rs 3,133 crore. Total expenses were Rs 3,093 crore, up 14.2% from Rs 2,708 crore. Freight, handling and servicing was the largest cost at Rs 2,195 crore, up 19.1%.

CNBC-TV18 first reported EBITDA of ₹205 crore, nearly triple the year-ago level, at a 6.7% margin. According to Inc42's first report, profit before tax came to ₹39 Cr, whereas a year ago the company had lost ₹53.2 Cr at the same level. CNBC-TV18 also first reported 325 million express parcel shipments, up 32%, with segment revenue up 22%. PTL volumes were 545,000 MT, up 14%, with revenue up 23%. Cash stood at ₹4,676 crore.

Inc42 first reported that the board cleared an investment of as much as ₹36 Cr in equity of Delhivery Fintech Distribution, which may be made in one or more tranches. CNBC-TV18 first reported that the stock traded at ₹386.00, down ₹12.00 or 3.02% on BSE. CNBC-TV18 and YourStory report that the company sees better service levels and profit carrying it into the second half of FY27.