Delhivery Reports Strong FY26 Results: Achieves Free Cashflow Positive Status with Rs.10,486 Cr Revenue

Delhivery Reports Strong FY26 Results: Achieves Free Cashflow Positive Status with Rs.10,486 Cr Revenue​

Delhivery Limited announced its audited standalone and consolidated financial results for the fourth quarter and full fiscal year ended March 31, 2026. The company reported robust performance, achieving free cashflow positivity, significant year-on-year revenue growth, and milestone achievements in logistics volume.

The financial results highlight Delhivery's operational scale, which saw the express parcel business deliver 1 billion e-commerce parcels in FY26, marking the cumulative volume delivered over the company’s first 10 years of operations. The Part Truck Load (PTL) business also demonstrated strong growth, recording approximately 2 million metric tonnes of freight in FY26, a 17% year-on-year increase.

In FY26, the company generated Rs.10,486 Cr in revenue from services, reflecting a 17% year-on-year growth. Profitability metrics also saw a substantial uplift, with EBITDA reaching Rs.764 Cr, corresponding to a 7.3% margin and marking a two-fold increase compared to FY25 EBITDA.


The business successfully turned free cashflow positive, recording Rs.89 Cr in FCF. This positive movement was attributed to sustained volume growth, steady margin expansion, and continuous reduction in capital intensity. Furthermore, the transport (Express + PTL) business achieved a 16.0% Return on Invested Capital (ROIC) in FY26.

Q4FY26 Quarterly Highlights​

Performance in the final quarter of the fiscal year showed continued acceleration across key segments. During Q4FY26, the Express parcel volume reached 306 million shipments, a significant increase of 72% year-on-year. The Part Truck Load segment recorded 549K MT, up 20% YoY.

Revenue from services for Q4FY26 totaled Rs.2,848 Cr, representing 30% YoY growth. EBITDA for the quarter stood at Rs.231 Cr, maintaining an 8.1% margin. Standalone PAT for Q4FY26 was Rs.87 Cr, with the consolidated PAT recorded at Rs.72 Cr.

Strategic Growth and Expansion​

Delhivery continues to expand its technological and geographical footprint through several new initiatives. The company introduced an AI agent-powered autonomous transport management system designed to automate key processes, including freight procurement, shipment planning, execution, and invoice reconciliation.

The international reach of Delhivery International, the economy air-parcel service, was strengthened during the quarter with launches into the UK, Canada, and Australia. On the domestic front, the company expanded its Delhivery Local on-demand intra-city logistics service to Jaipur, bringing its presence to six cities.

Furthermore, Delhivery launched Delhivery One SmartAssist, an AI-driven smart agent aimed at automating Level 1 customer support and integrated directly into the Delhivery One platform. The company also announced a key partnership with NVIDIA to develop an India-focused AI native digital mapping platform.

Delhivery is reported as India's largest logistics services provider, offering services including e-commerce and express parcel transportation, on-demand logistics, part truck-load (PTL) and full-truckload (FTL) freight services, cross-border air express and freight services, warehousing, supply chain solutions, and various software solutions for over 52,000 clients.

DELHIVERY Stock Price Movement​

On Friday, Delhivery Limited shares edged higher to close at ₹475.75, posting a solid 1.25% gain for the session. The stock settled robustly, buoyed by strong investor interest that saw total trading volume hit 5.85 million shares.