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Delhivery's Profit Streak Extends Into FY26 With Record Q1, Ecom Express Deal Recasts the Logistics Landscape
Images Business of Food
|September 2025
In an environment where many listed startups still struggle to reconcile growth with profitability, Gurugram-based logistics powerhouse Delhivery is managing both — and in style.
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After closing FY25 in the black for every single quarter, the company has opened FY26 with its strongest quarterly earnings to date. Revenue for the April-June 2025 quarter reached Rs.2,294 crore, while net profit rose nearly 68% year-on-year to Rs.91.1 crore. The numbers underline Delhivery's ability to scale while tightening operational discipline.
Investor sentiment has mirrored this performance. Just weeks after announcing its biggest acquisition yet — the Rs.1,369 crore purchase of rival Ecom Express in July — Delhivery's stock surged 5.32% on August 4, hitting a fresh 52-week high of Rs.452.75. Analysts have turned more optimistic, pointing to a combination of volume-led expansion, healthier margins, and a constructive demand outlook.
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