Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Delhivery Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,860 | 1,930 | 1,942 | 2,194 | 2,076 | 2,172 | 2,190 | 2,378 | 2,192 | 2,294 | 2,559 | 2,805 | 2,850 |
| Expenses + | 1,846 | 1,943 | 1,957 | 2,089 | 2,030 | 2,076 | 2,139 | 2,278 | 2,072 | 2,153 | 2,491 | 2,596 | 2,636 |
| Operating Profit | 13 | -13 | -16 | 105 | 46 | 96 | 51 | 100 | 119 | 141 | 68 | 209 | 214 |
| OPM % | 1% | -1% | -1% | 5% | 2% | 4% | 2% | 4% | 5% | 6% | 3% | 7% | 8% |
| Other Income + | 75 | 108 | 101 | 123 | 111 | 105 | 120 | 99 | 129 | 130 | 96 | 52 | 70 |
| Interest | 19 | 20 | 20 | 22 | 27 | 28 | 31 | 33 | 34 | 34 | 39 | 37 | 34 |
| Depreciation | 242 | 167 | 171 | 183 | 200 | 119 | 131 | 142 | 142 | 147 | 178 | 187 | 183 |
| Profit before tax | -173 | -92 | -105 | 23 | -71 | 53 | 9 | 24 | 72 | 90 | -53 | 37 | 67 |
| Tax % | -8% | -3% | -2% | 50% | -3% | -3% | -18% | -5% | -1% | -2% | -5% | -8% | -8% |
| Net Profit + | -159 | -89 | -103 | 12 | -68 | 54 | 10 | 25 | 73 | 91 | -50 | 40 | 72 |
| EPS in Rs | -2.18 | -1.22 | -1.40 | 0.16 | -0.93 | 0.74 | 0.14 | 0.34 | 0.97 | 1.22 | -0.67 | 0.53 | 0.97 |
Financials of Delhivery Ltd
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 1,654 | 2,781 | 3,647 | 6,882 | 7,225 | 8,142 | 8,932 | 10,508 |
| Expenses + | 3,272 | 2,952 | 3,769 | 7,357 | 7,677 | 8,015 | 8,556 | 9,868 |
| Operating Profit | -1,618 | -171 | -123 | -475 | -452 | 127 | 376 | 640 |
| OPM % | -98% | -6% | -3% | -7% | -6% | 2% | 4% | 6% |
| Other Income + | 41 | 207 | 150 | 156 | 319 | 439 | 442 | 340 |
| Interest | 36 | 49 | 89 | 100 | 89 | 89 | 126 | 144 |
| Depreciation | 170 | 256 | 355 | 611 | 831 | 722 | 535 | 695 |
| Profit before tax | -1,783 | -269 | -416 | -1,029 | -1,053 | -244 | 157 | 140 |
| Tax % | 0% | 0% | 0% | -2% | -4% | 2% | -3% | -9% |
| Net Profit + | -1,783 | -269 | -416 | -1,011 | -1,008 | -249 | 162 | 153 |
| EPS in Rs | -18,607.05 | -2,758.26 | -2,492.60 | -15.75 | -13.83 | -3.38 | 2.17 | 2.04 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Delhivery Ltd
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.96 | 0.98 | 2 | 64 | 73 | 74 | 75 | 75 |
| Reserves | 3,348 | 3,130 | 2,800 | 5,893 | 9,104 | 9,071 | 9,358 | 9,612 |
| Borrowings + | 450 | 794 | 1,152 | 1,102 | 923 | 1,169 | 1,422 | 1,463 |
| Other Liabilities + | 264 | 432 | 644 | 1,192 | 1,090 | 1,139 | 1,209 | 1,627 |
| Total Liabilities | 4,063 | 4,357 | 4,598 | 8,251 | 11,191 | 11,453 | 12,063 | 12,777 |
| Fixed Assets + | 488 | 744 | 1,053 | 3,052 | 2,995 | 3,354 | 3,887 | 5,432 |
| CWIP | 1 | 32 | 77 | 60 | 23 | 29 | 33 | 1 |
| Investments | 1,155 | 1,188 | 1,128 | 2,091 | 2,094 | 2,776 | 3,578 | 2,961 |
| Other Assets + | 2,419 | 2,394 | 2,340 | 3,048 | 6,078 | 5,295 | 4,565 | 4,383 |
| Total Assets | 4,063 | 4,357 | 4,598 | 8,251 | 11,191 | 11,453 | 12,063 | 12,777 |
Financials of Delhivery Ltd
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -243 | -634 | 5 | -241 | -30 | 472 | 567 | 911 |
| Cash from Investing Activity + | -939 | -933 | 338 | -2,742 | -3,408 | -99 | -102 | -479 |
| Cash from Financing Activity + | 2,858 | -17 | -147 | 2,902 | 3,538 | -366 | -432 | -532 |
| Net Cash Flow | 1,676 | -1,583 | 196 | -81 | 100 | 8 | 33 | -99 |
| Free Cash Flow | -399 | -847 | -244 | -780 | -624 | 4 | 92 | -802 |
| CFO/OP | 14% | 344% | -19% | 48% | -9% | 402% | 158% | 146% |
Financials of Delhivery Ltd
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 47 | 79 | 60 | 53 | 77 | 64 | 58 | 48 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 47 | 79 | 60 | 53 | 77 | 64 | 58 | 48 |
| Working Capital Days | 21 | 88 | 89 | 41 | 178 | 109 | 68 | 98 |
| ROCE % | -7% | -8% | -17% | -11% | -2% | 2% | 3% |