The company said revenue from operations for the second quarter of FY26 stood at Rs 2,559.3 crore, reflecting a 16.9% rise YoY compared to Rs 2,189.7 crore reported in the September 2024 quarter.
Record festive volumes
In a letter to shareholders, Delhivery said the July–September quarter marked the completion of its acquisition of Ecom Express and preparations for the Diwali festive season, which began in early September. The company reported its highest-ever shipment volumes despite operational challenges from heavy rains, holidays, and GST rate changes.
Express Parcel shipment volumes rose 32% YoY and 18% sequentially to 246 million orders in Q2 FY26. Part-truckload (PTL) volumes grew 12% YoY to 477,000 metric tonnes, with yields improving by about 3% QoQ, driving 15% YoY revenue growth in the segment.
Operational performance
Delhivery said overall revenue from services stood at Rs 2,546 crore in Q2 FY26, up 16.3% YoY, with EBITDA at Rs 150 crore and profit after tax at Rs 59 crore, excluding the impact of the Ecom Express acquisition. Integration-related costs during the quarter were Rs 90 crore, and the company expects total integration expenses to remain within its Rs 300 crore estimate.Service EBITDA margin for the Transportation segment (Express and PTL) came in at 13.5% in Q2 FY26, compared with 11.9% a year earlier. Delhivery said volumes remained strong in October and that it expects to meet profitability expectations between the second and third quarters.
CFO transition
Delhivery also announced that Vivek Pabari, currently heading Corporate Finance, Treasury and Investor Relations, will take over as Chief Financial Officer from Amit Agarwal with effect from January 1, 2026.
Agarwal, who is stepping down for personal reasons, will continue with the company until December 31, 2025, after a 13-year stint. He joined Delhivery in 2012 and became CFO in 2018, overseeing key milestones including the company’s listing on stock exchanges and major acquisitions such as SpotOn and Ecom Express.
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