Delhivery reports strong Q2 growth, leadership changes, global expansion

Delhivery reported significant growth for Q2 FY26, with revenue from services (excluding Ecom Express) reaching ₹2,546 Cr, a 16% YoY increase. EBITDA (excluding Ecom Express integration costs) surged by 162% YoY to ₹150 Cr, with a 5.9% margin. Profit After Tax (excluding integration costs) was ₹59 Cr, representing a 2.2% margin. Express Parcel shipments grew 32% YoY to 246 million, and Part Truck Load tonnage increased by 12% YoY to 477K MT.

These positive results coincided with important organizational changes. Ms. Aruna Sundararajan resigned as an independent director, effective January 1, 2026. Mr. Amit Agarwal also resigned as chief financial officer, effective December 31, 2025, with Mr. Vivek Pabari, head of corporate finance, treasury, and investor relations, appointed as his successor from January 1, 2026.

Delhivery completed the acquisition of Ecom Express on July 18, 2025, incurring integration costs of ₹90 Cr in Q2 FY26. Additionally, the company is incorporating new wholly owned subsidiaries in India (Delhivery Financial Services Private Limited), the United Kingdom, and the United Arab Emirates to expand logistics and financial services globally. Delhivery also launched "Freight Index One" to enhance transparency in Indian logistics.