Delhivery Limited — PPTs, 01-08-2025: Investor Presentation

**Financial Highlights:**

Revenue from services rose to ₹2,294 Cr, up 5.6% YoY and 4.7% QoQ. Total income reached ₹2,424 Cr. EBITDA saw strong growth to ₹149 Cr, with margin expanding to 6.5%. Profit after tax (PAT) improved significantly to ₹91 Cr, achieving a 3.8% margin. Express Parcel shipments surged 13.6% YoY to 208 Mn. Cost structure efficiencies contributed to improved margins.

**Strategic Initiatives & Growth Drivers:**

The company saw growth in active customers, now at 43,022. Infrastructure expanded to 20.36 million sq ft. Express Parcel remains a key driver with robust volume growth and strong profitability, alongside positive trends in Part Truckload (PTL) freight tonnage.

**Business Developments:**

The acquisition of Ecom Express has been completed for ₹1,369 Cr, with financial consolidation effective from July 18th. Network rationalization is underway, retaining 7 key facilities. The company is also initiating the process to exit Ecom Express's non-express businesses.

**Market Position & Competitive Advantage:**

Positioned as India’s largest integrated logistics platform, the company continues to expand its reach across 18,857 pin-codes and 220+ countries. Its growing fleet size of 17,509 vehicles daily reinforces its scale advantage.

**Investor Implications:**

The robust financial performance, marked by revenue growth and significant margin expansion, suggests positive growth potential. The strategic acquisition of Ecom Express indicates market consolidation and potential for synergy, though integration execution will be a key area to monitor.