Q2 2026 Delhivery Ltd Earnings Call Transcript

Nov 5, 2025 / 12:30 PM GMT

Release Date Price: ₹484.85

Transcript

Key Points

Positve

Delhivery Ltd (BOM:543529) reported a significant year-on-year revenue growth of 16% and a quarter-on-quarter growth of 11%, reaching 2,546 crores.
The company achieved a record-breaking 100 million transportation orders in September, with a peak dispatch of 7.2 million orders in a single day during the festive period.
Express parcel shipments grew by 32.5% year-on-year and 18% quarter-on-quarter, indicating strong demand and market share gains.
The integration of E-com Express has been smoother than expected, with integration costs expected to be materially lower than the initially forecasted 300 crores.
Delhivery Ltd (BOM:543529) maintains a strong cash position with 4,200 crores in cash and cash equivalents, providing financial stability and flexibility for future investments.

Negative

The company incurred 90 crores in integration costs for E-com Express in Q2, which impacted overall profitability.
There was a shift in volumes due to changes in GST rates, which affected the company's operational costs and margins.
Employee expenses increased due to peak period volumes, which may not be sustainable in the long term.
Supply chain services revenue saw a calibrated drop of 14% year-on-year as the company focused on profitability over growth.
The PTL business experienced a temporary dip in margins due to additional costs incurred from capacity building and integration.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DELH.NS - Delhivery Ltd
Q2 2026 Delhivery Ltd Earnings Call
Nov 05, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Recording in progress.

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Unidentified_2 [2]
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Hello everyone, good evening. Welcome to the Q2 F 526 earnings call of Delivery Limited, hosted by Ambit Capital. Before we start, delivery would like to point out that some of the statements made in today's call may be forward-looking in nature, and a disclaimer to this effect has been included in the earnings presentation shared with you earlier. Kindly note that this call is meant only for investors and analysts. If there are representatives from the media, they are requested to kindly drop off this call immediately.

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