Delhivery Ltd

- The transcript does not explicitly mention any current or planned future fundraising activities through debt or equity. - Sahil Barua and other management discuss financial metrics, asset utilization, and operational performance but do not indicate new fundraising. - Amit Agarwal mentions a significant outflow of Rs. 1,400 crore used to acquire Ecom Express on July 18, 2025, which impacts other income. - The company focuses on integration and operational efficiency post-acquisition with no clear comment on raising new capital. - Overall, no direct references have been made regarding intentions or plans for new debt or equity fundraising during the call.

- 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. - Investment in newer ventures like on-demand intracity logistics is ongoing; for example, Delhivery Direct has reached contribution margin break-even in about four months since launch in Ahmedabad. - Future investments will focus on capabilities seen as significant growth drivers like intracity logistics and value-added services for trucking, but with a capital-light approach.

- 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. - July volumes post-acquisition were significantly higher, indicating a strong start to Q2 FY26. - Long-term growth is expected as consolidation and operational integration continue.

- Delhivery expects volume growth in Express Parcel and PTL businesses, aiming for about 20% annual tonnage growth in PTL. - Q1 FY26 saw ~14% volume growth in Express Parcel, with further market share gains anticipated. - Service EBITDA margins are targeted at 16-18%, with potential to expand beyond 18% as volumes increase and automation improves. - Adjusted EBITDA margins (after corporate overheads) are expected around 11%, aiming for a return on capital above 24% in Express Parcel and PTL combined. - Network utilisation is improving, with expected increases in delivery centres from 4,500 to ~4,850-4,900 by year-end. - Ecom Express acquisition is expected to contribute positively, with standalone revenue shifting entirely to Delhivery by Q2 FY26. - Overall confidence expressed for continued growth into Q2 and beyond, with Q2 numbers expected to clarify trajectory.

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). - July volumes significantly higher than Q1, indicating strong momentum. - No direct reference to a formal order book or pending order backlog. Thus, while volume growth and share gains are highlighted, no explicit orderbook or pending orders data is disclosed.