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Delhivery Ltd

Q4 FY26Transport Services

Delhivery Q4 FY26 earnings call: Revenue & Margins

Q4 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 e-commerce industry growth at 15-20% in the medium term, supported by their customer data (Page 20). Delhivery anticipates industry e-commerce growth at 15-20% medium-term, supporting revenue growth.

From Delhivery Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Delhivery expects e-commerce industry growth at 15-20% in the medium term, supported by their customer data (Page 20).
  • The company anticipates continuing robust growth in both Express and PTL segments with record volumes (billion plus shipments in Express, 2 million metric tons in PTL) and strong revenue growth (Page 4).
  • Supply Chain Solutions (SCS) is scaling with a healthy, margin-accretive pipeline (Page 14).
  • Express segment showed 46% YoY revenue growth and 72-73% volume growth recently; PTL grew 20% in both revenue and volume (Page 4).

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

  • In FY26, Delhivery invested around ₹76 crores, mainly in on-demand intracity logistics (Delhivery Direct).
  • For FY27, planned investments are guided between ₹130 to ₹160 crores, focusing on scaling on-demand intracity services.
  • The on-demand intracity logistics run rate is expected to exceed ₹200 crores, excluding internal services.
  • No significant change anticipated in overall CapEx intensity; the trend has reduced from 7.8% of revenue three years ago to about 4.7% currently.
  • Investments in AI and robotics, including Automated Guided Vehicles (AGVs) in mega gateways, aim to improve labor efficiency but won't materially impact CapEx trajectory or operational costs.

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
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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 transcript from Delhivery Ltd.'s Q4FY26 Earnings Call does not explicitly mention current or expected orderbook or pending orders in specific numerical terms. However, relevant insights include: - Sahil Barua highlighted crossing a milestone of a billion orders in e-commerce during FY26. - Varun Bakshi emphasized continuous growth in PTL business, with strategies focusing on gradually increasing share of wallet from customers starting small and expanding over time. - Delhivery maintains that the playbook for growth has been consistent over 2-3 years and will continue to drive order volumes across multiple geographies.

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.

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Frequently Asked Questions

What were Delhivery Ltd Q4 FY26 results?

Delhivery expects e-commerce industry growth at 15-20% in the medium term, supported by their customer data (Page 20). Delhivery anticipates industry e-commerce growth at 15-20% medium-term, supporting revenue growth.

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?

In FY26, Delhivery invested around ₹76 crores, mainly in on-demand intracity logistics (Delhivery Direct).

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.