Delhivery Ltd reported a consolidated profit of Rs 152.54 crore for FY26, marking a significant milestone as the company turned free cash flow positive at Rs 89.3 crore. Revenue from operations climbed to Rs 10,508.31 crore, while EBITDA surged nearly 70% to Rs 640 crore. Shareholders also received confirmation of leadership continuity, with MD & CEO Sahil Barua and WTD Kapil Bharati reappointed for five-year terms beginning October 2026. The company continues to benefit from operational leverage and successful integration of its recent logistics acquisitions.
Delhivery FY26 Performance: Profitability Milestone and Leadership Continuity
Consolidated Profit: Rs 152.54 crore | EBITDA: Rs 640 crore
Reader Takeaway: Improved operational leverage and successful acquisition integration drove a transition to free cash flow positive status.
What just happened
Delhivery Ltd has released its FY26 financial results, showcasing significant growth in profitability and core logistics operations. The company reported a consolidated net profit of Rs 152.54 crore compared to Rs 162.11 crore in the previous year, with standalone profit showing a stronger rise to Rs 325.43 crore. EBITDA saw a substantial jump of nearly 70% YoY to Rs 640 crore, while revenue from operations hit Rs 10,508.31 crore.
Why this matters
This year marks an inflection point for the firm, as it successfully generated Rs 89.3 crore in free cash flow. The expansion of EBITDA margins to 6.1% confirms that the company’s multi-year investments in automation infrastructure and fleet optimization are now providing tangible operating leverage. The successful integration of Ecom Express has also boosted client retention and network density.
Board and Management Update
The company has ensured leadership stability by reappointing Sahil Barua as Managing Director & CEO and Kapil Bharati as Whole-time Director. Both leaders have received a five-year mandate starting October 13, 2026. Additionally, the board approved significant ESOP grants for top management, including 450,000 options for Sahil Barua.
Risks to watch
While the financial trajectory is positive, management highlighted potential headwinds from geopolitical tensions that could impact crude oil prices and global supply chain costs. Investors should also note the Rs 148 crore cash expenditure related to the Ecom Express acquisition during the year and a minor Rs 10,000 regulatory fine paid to the NSE for a delayed disclosure in late 2025.
What to track next
The focus will remain on the scaling of new service offerings, specifically 'Delhivery Local' and 'Delhivery Rapid', to sustain revenue momentum and further capitalize on the company's automated network.