Delhivery posts a Q2 profit of ₹41 crore against a ₹51 crore loss a year earlier

What happened

• Delhivery reported a profit of ₹41 crore for the September 2026 quarter against a loss of ₹51 crore a year earlier, on revenue from operations of ₹3,066 crore, Upstox reported. It gave the revenue rise as 19%; Free Press Journal gave it as 20% and said revenue from services crossed ₹3,000 crore for the first time.
• Upstox put reported EBITDA at ₹205 crore against ₹68 crore, with the margin at 6.7% against 2.7%; adjusted EBITDA was ₹123 crore against ₹83 crore, up 48%. Free Press Journal gave profit as a 1.3% margin and the cash balance at the end of the quarter as ₹4,676 crore.
• Express parcel shipments rose 32% to 325 million, Free Press Journal said, with revenue from the segment up 22%. Part truckload freight was 545,000 tonnes, up 14%, with revenue up 23%.
• Free Press Journal's report is timed at 4:54 PM and Upstox's at 5:52 PM, both after the close. The shares closed at ₹394.55 against ₹397.30 on Thursday on Kite data, a fall of 0.69% by my calculation.

Why it matters

Good to know: Part truckload freight moves consignments too large for a parcel network but too small to fill a whole truck. Several customers' loads share one vehicle.

Key facts

Net profit

₹41 crore (loss of ₹51 crore a year earlier)

Revenue from operations

₹3,066 crore, up 19% per Upstox and 20% per Free Press Journal

Reported EBITDA, per Upstox

₹205 crore (₹68 crore); margin 6.7% (2.7%)

Express parcel shipments

325 million, up 32%

Cash balance, per Free Press Journal

₹4,676 crore

Read the source

• Delhivery Q2 results: Revenue jumps 19% YoY; net profit soars to ₹41 crore led by 48% jump in EBITDAUpstox
• Delhivery reports ₹3,066 crore Q2FY27 revenue, EBITDA triples to ₹205 crore; PAT at ₹41 croreFree Press Journal