Arthneeti
D

Delhivery Ltd

Q1 FY26Transport Services

Delhivery Q1 FY26 earnings call: Revenue & Margins

Q1 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹451
Market cap₹35.2K Cr
P/E197.3
Updated23 Aug 2026
Read4 min read

The short version

Delhivery expects significant volume growth, with Q1 FY26 volume reaching 208 million packages, a 14% increase from Q4 FY25. Delhivery expects volume growth in Express Parcel and PTL businesses, aiming for about 20% annual tonnage growth in PTL.

From Delhivery Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Delhivery expects significant volume growth, with Q1 FY26 volume reaching 208 million packages, a 14% increase from Q4 FY25.
  • Post Ecom Express acquisition, volumes are anticipated to rise further, with Q1 Ecom volumes at around 30 million and expectations of increased retention and volume shift towards Delhivery.
  • The company forecasts strong annual growth in the Part Truckload (PTL) business at around 20%, with the PTL segment’s tonnage projected to grow to 200,000-215,000 tonnes monthly from 150,000 tonnes currently.
  • Revenue growth in some segments, like Ecom Express, is targeted at about 20% annually, with variability across quarters.
  • Network utilization improvements and operating leverage gains are expected to enhance margins and support growth.

2 more points management made on revenue & sales performance

Profitability & Margins

See what Delhivery Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Delhivery has deployed close to Rs. 5,000 crore in hard assets and working capital, with Rs. 4,500 crore effectively utilized.
  • They have front-loaded Capex by approximately Rs. 300 crore due to the Ecom Express acquisition; much of this is for sorting equipment warehoused for future capacity needs.
  • The Rs. 300 crore Capex related to Ecom Express will not be put into active use immediately but gradually as long-term capacity builds.
  • Delhivery plans a 6-8% infrastructure increase over 2-3 quarters, primarily in the distribution centre network.

2 more points management made on capital expenditure plans

Top-ranked in Transport Services

Ranked on what management guided this quarter

5x potential
1Ritco Logistics
Rev 1Mar 2
2Shadowfax Technologies
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 2Mar 1
Sign up free to see 3 moreTakes 30 seconds · no cardSign up

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Delhivery Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript of the Delhivery Ltd Q1 FY26 Earnings Call (Aug 1, 2025) does not explicitly mention the current or expected order book or pending orders in terms of specific numbers or values. However, some relevant volume and operational insights include: - Q1 FY26 express parcel volume grew by ~14%, reaching 208 million packages. - Ecom Express contributed approximately 30 million packages in Q1. - Combined volumes with Ecom Express: about 238 million packages in Q1. - Market share has expanded roughly by 25% post Ecom acquisition. - Network utilization increased without proportional rise in distribution centers (4,500 to ~4,850-4,900 planned by year-end).

2 more points management made on order book & pipeline

Delhivery Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹2.9K Cr, net profit ₹72 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

Continue your research

What Delhivery Ltd's management said in earlier quarters

Others in Transport Services this season

  • Afcom Holdings Ltd (Q1 FY26)

    EBITDA:** ₹78.34 crore, with a year-on-year (YoY) growth of 40.7%. Key concall takeaways from Afcom Holdings Ltd's Q1 FY26 earnings call — and how it ranks…

  • Tejas Cargo India Ltd (Q1 FY26)

    H1 FY24 Total Income: ₹255.09 Cr . Key concall takeaways from Tejas Cargo India Ltd's Q1 FY26 earnings call — and how it ranks against sector peers.

  • Interglobe Aviation Ltd (Q1 FY26)

    Load factors remain robust (~85%), with IndiGo outperforming competitors domestically and internationally due to network strength and smart pricing. Key…

  • SEAMEC Ltd (Q1 FY26)

    . Key concall takeaways from SEAMEC Ltd's Q1 FY26 earnings call — and how it ranks against sector peers.

Compare:vs Interglobe Aviation Ltdvs Container Corporation Of India Ltdvs GE Shipping Co

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were Delhivery Ltd Q1 FY26 results?

Delhivery expects significant volume growth, with Q1 FY26 volume reaching 208 million packages, a 14% increase from Q4 FY25. Delhivery expects volume growth in Express Parcel and PTL businesses, aiming for about 20% annual tonnage growth in PTL.

What is Delhivery Ltd share price analysis?

Delhivery Ltd currently shows a neutral. The stock trades at a P/E of 197.3 with a market cap of ₹35,224 Cr. Investors should review the full earnings analysis for detailed insights.

Is Delhivery Ltd planning capital expenditure?

Delhivery has deployed close to Rs.

Keep Delhivery Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.