Delhivery swings to profit in Q2 FY27 as revenue climbs nearly 20%
Delhivery posted a Rs 40.6 crore net profit against a loss a year earlier, with revenue up 19.8%. Shares still closed 3.02% lower.
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what happened
According to Moody's, Delhivery reported a consolidated net profit of Rs 40.6 crore for Q2 FY27 (the September 2026 quarter), compared with a Rs 50.5 crore loss a year earlier. Operating revenue rose 19.8% year on year and 4.6% quarter on quarter, to Rs 3,066.4 crore.
Adjusted EBITDA grew 48% to Rs 123 crore, and its margin improved to 4% from 3.3%. Express parcel volumes rose 32.1%, and the company expects service EBITDA margins to keep improving through the rest of the fiscal year. Shares closed 3.02% lower at Rs 386 on the BSE.
why it matters
The profit swing matters because it came without the one-off Ecom Express integration costs that weighed on the prior year, while higher realisations from fuel-linked price increases helped revenue per shipment. Year-on-year comparisons remain distorted by the acquisition, so margin trends are best judged over several quarters.
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- Delhivery Swings To Rs 40.6 Cr Profit In Q2 FY27, Revenue Rises 19.8% — Moody's, 31 October 2026 at 07:01 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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