Delhivery Reports Net Loss of INR 50.5 Cr in Q2 FY26, Ecom Express Integration Hits Profits

Delhivery, a prominent logistics company, has reported a net loss of INR 50.5 crore for the second quarter of fiscal year 2026 (Q2 FY26). This marks a significant downturn compared to the profit of INR 10.2 crore recorded in the same quarter of the previous fiscal year (Q2 FY25) and the profit of INR 91.1 crore achieved in the immediately preceding quarter (Q1 FY26). The company's operating revenue saw a healthy increase, growing by 17% year-over-year and 12% quarter-over-quarter to reach INR 2,559.3 crore. Including other income of INR 92.2 crore, the total income for the quarter stood at INR 2,651.5 crore. However, total expenses escalated by 18% year-over-year to INR 2,708.1 crore, which significantly eroded profitability. The primary reason cited for this decline in the bottom line is the ongoing integration of Ecom Express, which has added to the company's costs and operational complexities.

Impact This financial setback could lead to a negative market reaction for Delhivery's stock. Investors may become cautious due to the reported loss, especially after periods of profitability. The challenges associated with integrating Ecom Express highlight potential operational hurdles and their financial consequences, which could impact future growth prospects and investor sentiment. Rating: 7/10

Difficult Terms Net Loss: A company incurs a net loss when its total expenses for a period exceed its total revenues. Operating Revenue: The income a company generates from its core business operations before deducting expenses. YoY (Year-over-Year): A method of comparing financial data over two consecutive years, for the same period (e.g., Q2 FY26 vs. Q2 FY25). QoQ (Quarter-over-Quarter): A method of comparing financial data between two consecutive quarters (e.g., Q2 FY26 vs. Q1 FY26). FY26 (Fiscal Year 2026): The financial accounting period that runs from April 1, 2025, to March 31, 2026. Bottom line: Refers to a company's net profit or net loss after all revenues and expenses have been accounted for. Integration: The process of combining different companies or business units into a single, unified entity or operation.