Delhivery Limited — Investor Meet, 11-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Delhivery delivered strong Q2 FY26 results with revenue at ₹2,546 Cr (+16% YoY) and PAT at ₹59 Cr (+2.2% margin). Express parcel shipments surged 32.5% YoY to 246 million. PTL tonnage grew 12%, with yields improving and profitability expanding significantly for Supply Chain Services. Ecom Express integration is ahead of schedule, with costs expected to be materially lower than initial estimates. New businesses like Rapid Commerce and intra-city services are scaling up. Management is confident about continued market share gains driven by an improved cost structure and competitor challenges.