Delhivery Limited — PPTs, 16-05-2026: Investor Presentation

Delhivery reports strong financial results for the quarter and full year, reinforcing its market leadership.

**Business Performance:** Revenue from services grew 17.4% YoY to ₹10,486 Cr in FY26. EBITDA surged 103.2% to ₹764 Cr, while PAT before exceptional items more than doubled to ₹347 Cr. Transport services (Express + PTL) showed a robust 16.0% Return on Invested Capital (ROIC) and 15.6% EBITDA expansion. Supply Chain Services (SCS) quadrupled its Service EBITDA to ₹79 Cr.

**Growth Drivers:** The company is strategically investing cashflow from core Transport services into new capabilities like Delhivery Local, Cross Border, Rapid & Financial Services. A strong focus on tech and engineering includes deploying AI-based prediction systems, a dedicated Robotics Lab, and developing autonomous vehicles and drones to enhance network speed and cost efficiency.

**Recent Developments:** Express Parcel volume exceeded 1 Billion shipments in FY26, up 40.2% YoY. PTL tonnage grew 17.4% YoY to 2 Million MT, positioning Delhivery as the fastest-growing player. They've also secured a ~₹1,800 Cr pipeline of annual business potential for SCS.

**Key Financial Metrics:** Free Cashflow turned positive in FY26 at ₹89 Cr, demonstrating enhanced capital efficiency. The company maintains a healthy cash balance of ₹4,555 Cr.

**Management Commentary:** The focus remains on solidifying its proprietary tech and engineering moat for service and cost leadership, driven by margin expansion and capital efficiency, enabling organic and inorganic investments.