Delhivery Limited — PPTs, 05-11-2025: Investor Presentation

Delhivery delivered strong Q2 FY26 performance, with revenue climbing 16.3% YoY to ₹2,546 Cr. Express Parcel shipments surged 32.5% YoY to 246 Mn, highlighting robust growth in its core business. Profit after tax (PAT) stood at ₹59 Cr, and EBITDA hit ₹150 Cr (5.9% margin). For H1 FY26, revenue reached ₹4,840 Cr, with PAT at ₹150 Cr.

The company is expanding its reach, with active customers growing to 48,442 and infrastructure expanding to 22.05 Mn sq ft. A key recent development is the completion of the Ecom Express acquisition for ₹1,369 Cr, with significant progress in network rationalization and an 85% reduction in Ecom Express's corporate overheads. Management noted a "strong start to the festive season," signalling positive demand. Delhivery continues to optimize costs and capital, reflected in improving working capital and decreasing capex intensity, with integration costs expected within budget.