Q4 2025 Delhivery Ltd Earnings Call Transcript
Key Points
- Delhivery Ltd (BOM:543529) reported its first profitable year with a PAT of INR162 crore, marking a significant turnaround from a PAT loss of INR249 crore in the previous fiscal year.
- The company achieved a revenue growth of nearly 10% year-over-year, with total income reaching INR9,372 crore.
- The PTL (Part Truck Load) business showed strong performance with a 25% revenue growth year-over-year, contributing significantly to the company's profitability.
- Delhivery Ltd (BOM:543529) maintained a strong cash position with INR5,493 crore in cash and cash equivalents, ensuring financial stability.
- The company successfully expanded its customer base from 33,000 to 44,000, indicating strong market penetration and customer acquisition.
- Despite overall profitability, the express parcel business experienced a decline in service EBITDA margins from 18.4% in fiscal '24 to 16.2% in fiscal '25 due to competitive pricing pressures.
- The supply-chain services segment faced challenges, with service EBITDA margins dropping from 6.8% to 2.2% due to participation in the quick-commerce segment.
- There was a sequential decline in Q4 revenues by 8% compared to the peak quarter (Q3), indicating potential seasonal or market-related challenges.
- The integration of Ecom Express is expected to incur INR300 crore in integration costs, which could impact short-term financials.
- The company faced headwinds in the express parcel business due to extreme pricing actions from competitors, affecting margins.
Good evening, everyone. Welcome to Q4 and whole year FY25 earnings call of Delhivery Limited hosted by Macquarie. Before we start, Delhivery would like to point out that some of the statements made in today's call may be forward-looking in nature, and disclaimer to this fact has been included in the earnings presentation shared with you earlier. (Operator Instructions)
To discuss the results, I'm pleased to welcome Mr. Sahil Barua, MD and CEO; Mr. Amit Agarwal, CFO; Mr. Ajuth Mangalore, COO; Ms. Vani Venkatesh, Chief Business Officer; and Mr. Vivek Pabari, Head of Investor Relations at Delhivery.
(Operator Instructions) Now, I invite Mr. Sahil Barua to take us through the key highlights of the quarter post which will open up for Q&A.
Thank you, and over to you, Sharjeel.
Thank you, Baiju. Good evening to all of you, and thank you for joining us this evening on Friday. I'd like to begin by just placing officially on record on behalf of the entire Delhivery
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