Delhivery Limited (DELHIVERY) — Financial Results Announcement
Investor Takeaways
Overall Tone: Positive
Key Financial Highlights
| Metric | Value | YoY Change |
|---|---|---|
| Revenue | ₹10,486 Cr | 17.4% |
| Net Profit | ₹347 Cr | N/A |
| EBITDA | N/A | N/A |
| EPS | N/A | N/A |
| OPM | 3.3% | N/A |
What Changed
Delhivery reported FY26 revenue of ₹10,486 crores, up 17.4% YoY, with Transport EBITDA margin expanding to 7.9% and ROIC reaching 16.0%. PAT margin held steady at 3.0% despite ₹227 crore exceptional items. The company generated ₹89 crore free cashflow, ending with ₹5,444 crores cash. Key growth drivers include 40.2% YoY Express parcel volume growth and 17.4% PTL tonnage increase, supporting 16% ROIC in core Transport services. The filing released FY26 earnings presentation for the May 16 conference call. What changed includes ROIC improvement from 5.2% to 16.0% YoY, PAT margin stability at 3.0%, and positive FCF of ₹89 crore. Forward guidance targets 16% ROIC for Transport (Express + PTL) in FY26 with a pipeline of ₹1,800 crore annual business potential.
Peer Comparison
| Company | P/E | ROE | ROCE | Market Cap (₹ Cr) |
|---|---|---|---|---|
| Delhivery Limited | 1652.07 | N/A | N/A | 35,869.95 |
| Adani Ports and SEZ | 30.24 | 7.75% | 12.49% | 4,05,588.96 |
| InterGlobe Aviation | 28.69 | N/A | N/A | 1,74,872.91 |
| GMR Airports | -146.84 | N/A | N/A | 1,06,983.54 |
Delhivery's ROIC of 16.0% exceeds Adani Ports' ROCE of 12.49%, though its P/E ratio is significantly higher at 1652.07 compared to Adani Ports' 30.24.
Risks & Concerns
Quarterly Trend
| Quarter | Revenue (₹ Cr) | Net Profit (₹ Cr) | OPM% |
|---|---|---|---|
| Q3FY25 | 2,378.3 | 24.99 | 4.31 |
| Q2FY25 | 2,189.73 | 10.2 | 2.62 |
| Q1FY25 | 2,172.3 | 54.36 | 4.47 |
| Q4FY24 | 2,075.54 | -68.47 | 2.21 |
📄 View Original Announcement (PDF)
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.