Delhivery, the Gurgaon‑based logistics company, said its revenue jumped 17 % in the second quarter of FY26, but the company still posted a loss because costs grew faster than sales.
Revenue from its core logistics operations hit ₹2,559 crore in Q2 FY26, up from ₹2,190 crore a year earlier. Adding ₹92 crore from non‑operating activities, total sales reached ₹2,651 crore.
Freight handling and servicing—Delhivery’s biggest expense—rose 12.5 % to ₹1,843 crore, or 68 % of total spend. Because expenses outpaced revenue, the company reported a Q2 loss of ₹50 crore, compared with a ₹10 crore profit the same period last year. For the first half of FY26, its profit fell 37 % to ₹40.5 crore, down from ₹64.5 crore in the first half of FY25.
Total costs climbed 18 % to ₹2,708 crore in Q2 FY26, up from ₹2,294 crore in Q2 FY25. Delhivery said the jump came from higher legal, depreciation and other overhead costs, even though employee benefit expenses fell 22 % to ₹425 crore.
The company’s main revenue streams are logistics services, including warehousing, last‑mile delivery, and custom logistics software solutions. Delhivery’s shares closed at ₹486 on the latest trading day, giving the firm a market cap of about ₹36,335 crore.
In its letter to shareholders, Delhivery highlighted record volumes: more than 100 million e‑commerce and freight shipments each month in September and October, and a single‑day dispatch peak of 7.2 million orders.
In June 2025, Delhivery acquired almost 100 % of Ecom Express, a e‑commerce logistics provider, for up to ₹1,400 crore in cash.
Source: ianslive
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