Q1 2026 Delhivery Ltd Earnings Call Transcript
Key Points
- Delhivery Ltd (BOM:543529) reported strong revenue growth in its core transportation businesses, with a 6% year-on-year increase and a 5% quarter-on-quarter increase.
- EBITDA margins improved significantly to 6.5% from 5.4% in the previous quarter, indicating enhanced profitability.
- The company successfully integrated Ecom Express, which is expected to contribute positively to volumes and profitability in the upcoming quarters.
- Express parcel volumes grew by 14% year-on-year and 17% quarter-on-quarter, showcasing robust demand and operational efficiency.
- The company expanded its active customer base significantly, adding 8,000 new customers to reach a total of 43,000 active customers.
- Supply chain services experienced a decline both year-on-year and quarter-on-quarter, attributed to exiting certain warehousing services and seasonal impacts.
- The yield in the express parcel business saw a decline due to a shift in volume mix, although pricing remained stable.
- There were disruptions in the PTL business due to external factors such as weather conditions and operational challenges.
- The company anticipates integration costs related to Ecom Express, which could impact short-term profitability.
- Despite improvements, corporate overheads remain a significant portion of revenue, though they have slightly declined from the previous year.
Welcome to the Q1 earnings Call of Delhivery Limited. I am [Apar] from the Investor Relations team of Delhivery. Before we start, we would like to point out that some of the statements made on today's call will be forward-looking in nature, and a disclaimer to this effect has been included in the earnings presentation shared with you earlier.
To discuss the Q1 FY26 results, I am pleased to welcome Mr. Sahil Barua, MD and Chief Executive Officer; Mr. Amit Agarwal, Chief Financial Officer; Mr. Ajit Pai, Chief Operating Officer; Ms. Vani Venkatesh, Chief Business Officer; Mr. Varun Bakshi, SVP and Head of Patra; and Mr. Vivek Pabari, SVP and Head of Investor Relations and Delivery.
(Event Instructions)
Now I (technical difficulty) Mr. Sahil Barua to take us through the key highlights of the quarter, post which we will open up for the Q&A. Thank you and over to you, Sahil.
Thank you. Can we have the presentation,
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