Delhivery (DELHIVERY)₹433.15+0.73%Logistics Solution Provider
In the Sep 2026 quarter (consolidated), Delhivery reported sales of ₹3,060 Cr, up 19.7% from Sep 2025, and net profit of ₹41.10 Cr. For the year to Mar 2026, sales were ₹10,499 Cr and net profit ₹153 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,191 | 2,074 | 2,169 | 2,185 | 2,375 | 2,188 | 2,291 | 2,556 | 2,801 | 2,847 | 2,927 | 3,060 |
| Expenses | 2,082 | 2,023 | 2,071 | 2,131 | 2,269 | 2,065 | 2,145 | 2,484 | 2,588 | 2,626 | 2,785 | 2,855 |
| Operating Profit | 105 | 45.96 | 95.86 | 50.91 | 99.84 | 119 | 141 | 67.93 | 209 | 214 | 139 | 204 |
| OPM % | 4.8% | 2.2% | 4.4% | 2.3% | 4.2% | 5.0% | 6.0% | 2.7% | 7.0% | 8.0% | 4.8% | 7.0% |
| Other Income | 123 | 111 | 105 | 120 | 98.96 | 129 | 130 | 95.94 | 51.96 | 69.95 | 114 | 66.96 |
| Interest | 22.09 | 27.12 | 28.09 | 31.13 | 33.11 | 34.16 | 34.13 | 39.14 | 37.13 | 34.13 | 34.13 | 34.11 |
| Depreciation | 183 | 200 | 119 | 131 | 142 | 142 | 147 | 178 | 187 | 183 | 189 | 197 |
| Profit before tax | 22.99 | −70.96 | 52.99 | 9.01 | 23.99 | 72.03 | 89.99 | −52.96 | 37.02 | 66.97 | 30.02 | 38.97 |
| Tax % | 49.9% | −3.0% | −3.0% | −18.1% | −5.0% | −1.0% | −2.0% | −5.0% | −8.0% | −8.1% | −5.0% | −4.0% |
| Exceptional items | −4.02 | −15.06 | −5.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −27.08 | 2.01 | 0.00 | 0.00 |
| Net Profit | 12.03 | −68.11 | 54.10 | 10.03 | 25.05 | 73.21 | 91.19 | −50.12 | 40.08 | 72.13 | 32.09 | 41.10 |
| EPS (Rs) | 0.17 | −0.94 | 0.75 | 0.15 | 0.35 | 0.98 | 1.23 | −0.68 | 0.54 | 0.98 | 0.44 | 0.55 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,652 | 2,777 | 3,643 | 6,871 | 7,214 | 8,134 | 8,915 | 10,499 | 11,635 |
| Expenses | 3,263 | 2,941 | 3,758 | 7,335 | 7,659 | 7,986 | 8,525 | 9,831 | 10,854 |
| Operating Profit | −1,616 | −171 | −123 | −474 | −451 | 127 | 375 | 639 | 765 |
| OPM % | −98.0% | −6.0% | −3.4% | −7.0% | −6.0% | 1.6% | 4.2% | 6.0% | 6.6% |
| Other Income | 40.99 | 207 | 150 | 156 | 319 | 439 | 442 | 340 | 303 |
| Interest | 36.13 | 49.22 | 89.36 | 100 | 89.28 | 89.39 | 127 | 145 | 140 |
| Depreciation | 170 | 256 | 355 | 611 | 831 | 723 | 535 | 695 | 756 |
| Profit before tax | −1,784 | −269 | −416 | −1,029 | −1,053 | −244 | 157 | 140 | 173 |
| Tax % | 0.0% | 0.0% | 0.0% | −2.0% | −4.0% | 2.0% | −3.0% | −9.1% | — |
| Exceptional items | 3.01 | 39.13 | −31.12 | 19.05 | 14.04 | 20.08 | 21.07 | 174 | −25.07 |
| Net Profit | −1,786 | −269 | −417 | −1,014 | −1,010 | −249 | 162 | 153 | 185 |
| EPS (Rs) | −186.10 | −27.49 | −24.94 | −15.77 | −13.86 | −3.39 | 2.18 | 2.05 | 2.51 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.97 | 0.99 | 2.01 | 64.17 | 73.13 | 74.14 | 75.22 | 75.22 |
| Reserves | 3,345 | 3,129 | 2,796 | 5,891 | 9,095 | 9,066 | 9,361 | 9,608 |
| Borrowings | 450 | 795 | 1,153 | 1,104 | 923 | 1,170 | 1,425 | 1,465 |
| Other Liabilities | 265 | 434 | 647 | 1,198 | 1,095 | 1,144 | 1,215 | 1,635 |
| Total Liabilities | 4,062 | 4,359 | 4,598 | 8,257 | 11,188 | 11,455 | 12,075 | 12,783 |
| Fixed Assets | 488 | 744 | 1,054 | 3,054 | 2,996 | 3,355 | 3,891 | 5,438 |
| CWIP | 1.01 | 32.02 | 77.08 | 60.10 | 23.05 | 29.03 | 33.06 | 1.01 |
| Investments | 1,158 | 1,191 | 1,130 | 2,097 | 2,100 | 2,785 | 3,588 | 2,968 |
| Other Assets | 2,415 | 2,393 | 2,337 | 3,045 | 6,068 | 5,287 | 4,563 | 4,376 |
| Inventories | 23.04 | 18.03 | 26.04 | 25.05 | 19.02 | 16.01 | 16.01 | 24.04 |
| Trade receivables | 216 | 603 | 597 | 994 | 1,528 | 1,435 | 1,416 | 1,376 |
| Cash & equivalents | 1,666 | 410 | 277 | 229 | 646 | 403 | 337 | 244 |
| Total Assets | 4,062 | 4,359 | 4,598 | 8,257 | 11,188 | 11,455 | 12,075 | 12,783 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −244 | −636 | 5.01 | −242 | −30.09 | 473 | 568 | 913 |
| Cash from investing activity | −939 | −933 | 338 | −2,742 | −3,410 | −99.03 | −102 | −474 |
| Cash from financing activity | 2,850 | −16.96 | −147 | 2,893 | 3,527 | −365 | −431 | −531 |
| Net cash flow | 1,674 | −1,582 | 196 | −80.97 | 99.92 | 7.99 | 32.97 | −93.95 |
| Capex | 157 | 215 | 252 | 546 | 603 | 567 | 484 | 423 |
| Free cash flow | −400 | −849 | −245 | −783 | −626 | 4.01 | 92.22 | 507 |
| CFO / OP % | 14.0% | 344.0% | −19.0% | 48.0% | −9.0% | 402.0% | 158.0% | 146.0% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor days | 47 | 79 | 60 | 53 | 77 | 64 | 58 | 48 |
| Cash conversion cycle | 47 | 79 | 60 | 53 | 77 | 64 | 58 | 48 |
| Working capital days | 21 | 88 | 89 | 41 | 178 | 109 | 68 | 37 |
| ROCE % | — | −7.0% | −8.0% | −17.0% | −11.0% | −2.0% | 2.0% | 1.0% |
For the Sep 2026 quarter, Delhivery reported sales of ₹3,060 Cr, up 19.7% year on year and net profit of ₹41.10 Cr. The operating margin was 7.0%.
Delhivery's sales for the year to Mar 2026 were ₹10,499 Cr; over the last twelve months they were ₹11,635 Cr.
Net profit for the year to Mar 2026 was ₹153 Cr, and ₹185 Cr over the last twelve months. Earnings per share over the same trailing period were ₹2.51.
Delhivery reported borrowings of ₹1,465 Cr at Mar 2026, against cash and equivalents of ₹244 Cr.
Cash from operations was ₹913 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹507 Cr.