Delhivery Limited Earnings Summary — Q4 FY2026
Delhivery Achieves Multi-Quarter High in Revenue and Operating Profit in Q4 FY2026
Key Takeaways
- Revenue for Q4 FY2026 reached an all-time quarterly high of ₹2,850 Crores.
- Operating profit grew to ₹214 Crores, representing a significant improvement in network efficiency.
- Quarterly net profit was ₹72 Crores, recovered from a loss of ₹50 Crores just two quarters prior.
- Operating Profit Margin (OPM) reached 8%, the highest recorded margin since listing.
- Depreciation and interest costs remain significant at ₹183 Cr and ₹34 Cr respectively per quarter.
- The company continues to rely on 'Other Income' to bolster final net profit figures.
- Capital intensity remains high with total assets expanding to ₹12,777 Crores.
- Market dominance in e-commerce logistics continues to drive volume growth.
Management Guidance
Management is shifting focus from 'growth at all costs' toward incremental profitability and cost optimization through technology-driven orchestration.
Sentiment Shift
Improving
Outlook
The outlook is positive as the company benefits from high network density and lower per-parcel costs. Future performance depends on stabilizing the PTL segment and managing heavy depreciation from infrastructure investments.
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This summary is AI-generated from Delhivery Limited's latest annual report and public disclosures. It is for informational purposes only and is not investment advice.