Delhivery swings back to profit in second quarter on transport growth
Indian logistics firm Delhivery lifted revenue 20% year on year and booked a 41 crore net profit versus a loss a year earlier, according to Moody's.
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what happened
According to Moody's, Indian logistics company Delhivery raised its operating revenue 20% year on year, to 3,066 crore rupees, in the quarter ended September. Growth was led by its transport services business, which covers ecommerce shipments and part-truckload transport.
Net profit reached 41 crore rupees, compared with a 50 crore rupee loss in the same period a year earlier. The company had also posted a 32 crore rupee profit in the April to June period. Express parcel delivery, its largest segment, saw volumes rise 32% year on year and revenue rise 22%.
In its letter to shareholders, management said October volumes had exceeded its initial expectations, calling it an encouraging start to the third quarter. Delhivery plans to focus on four key initiatives to sustain growth through the rest of the fiscal year and beyond.
why it matters
The return to profit points to the better unit economics the company had been describing over recent quarters. Investors will also watch the October to December period, when most of the festive shopping season falls and logistics and ecommerce firms typically see a lift.
market impact
Delhivery shares: return to profit and strong October volumes support sentiment on the stock.
- Delhivery pressure up — a swing to net profit and stronger October volumes support the stock
tags
instruments
sources
- Delhivery Back in Black in Q2 on Transport Biz — Moody's, 31 October 2026 at 04:13 UTC
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