Delhivery Ltd

The transcript from the Q2 FY26 earnings call does not explicitly mention any current or planned future fundraising activities through debt or equity for Delhivery Ltd. Key points relevant to funding and financials are: - Delhivery has made investments in new businesses like Rapid Commerce and Delhivery Direct, but investment levels are moderate (~Rs. 15 crores currently). - Integration costs for the Ecom Express acquisition are within the original Rs. 300 crore estimate. - There is mention of calibrated Capex spend trending towards long-term goals without indicating new fundraising. - No direct references to plans for raising additional capital via debt or equity during the call. Therefore, there is no disclosed information about any ongoing or planned new fundraising through debt or equity in this call.

- H1 FY26 capex intensity was 5.1%, down from 6.6% same period last year, trending towards a long-term goal of about 4% capex intensity. - Capex investments are heavier in H1 compared to H2, with expectations to end the year with even better capital efficiency. - Investments in two new businesses: Rapid Commerce (sub two-hour delivery) and Delhivery Direct (on-demand intracity service). - Current investment in Rapid Commerce and Delhivery Direct is about Rs. 15 crores in Q2 FY26. - Rapid Commerce currently operates 20 dark stores in 4 cities, expanding to 5 cities by Q4. - Capex for these new businesses is moderate, with a strategic focus on reducing delivery costs and scaling these services. - No mention of large new facility or massive capital expenditure; instead, focus on network engineering and technology integration to improve margins and service capabilities.

- Delhivery expects continued significant growth, especially in the Express business (Q2 showed 32% YoY volume growth). - PTL (Part Truck Load) business aims for around 20% volume growth over 24 months, though first half was about 15%, with potential pent-up demand in H2. - Organic growth in Delhivery volumes is estimated north of 15%, with direct-to-consumer and SME volumes growing 40% YoY. - Market growth for express parcel industry anticipated at 15-20%, with Delhivery aiming to outperform through market share gains. - Ecom Express acquisition contributes to volume and margin improvements; volume retention from Ecom Express is about 45-50%. - Overall capacity utilization and yield improvements across network expected to further drive revenue growth. - Profitability-focused pivots in supply chain services show positive trends supporting sustainable growth.

- Delhivery expects continued growth across core businesses, particularly in Express and PTL segments. - PTL business targeted to achieve 16-18% service EBITDA margins within 24 months, even if growth is slightly below 20%. - Express business margins aimed at 16-18%, with potential to exceed 18% as volume scale and share of wallet increase. - Operational efficiencies, network capacity utilization, and yield improvements are key drivers for margin expansion. - Supply chain services have significantly improved profitability, with margins rising from negative to 12.8% in Q2 FY26. - Integration costs of Ecom Express are expected to be materially below the Rs. 300 crore original estimate, aiding profitability. - Overall PAT improved in Q2 FY26 to Rs. 59 crores (2.2%), with optimistic outlook for Q3 and Q4 based on stable operations and growth. - Delhivery anticipates maintaining aggressive volume growth, benefiting from market consolidation and improved cost structures.

The transcript from Delhivery Ltd.'s Q2 FY26 Earnings Call does not specifically mention current or expected orderbook or pending orders in explicit numbers or terms. However, relevant points related to volumes and growth expectations include: - Express business showed a significant volume growth with around 91 million to 107 million consignments processed monthly in recent quarters. - October volumes were similar or better than September, indicating strong volume momentum. - The PTL business volume grew 11% with 3% yield growth. - Organic growth in Delhivery volumes (excluding some segments) was estimated north of 15%. - The company expects continued volume momentum into Q3 and Q4 with improved asset utilization. - Current focus includes managing capacity and building network utilization, not dependent solely on 20% growth for margin targets. No direct quantitative data on orderbook or pending orders was provided on page 36 or surrounding pages.