Delhivery Q2 FY27: Revenue Crosses Rs 3,000 Crore, Profit at Rs 41 Crore — Startup Funding India, October 2026

Startup funding in India has a new scale milestone: logistics major Delhivery crossed Rs 3,000 crore in quarterly revenue for the first time, reporting results on 30 October 2026 for the second quarter of FY27. Revenue from services rose 19.8% year on year to Rs 3,066.38 crore, and the company swung to a consolidated net profit of Rs 40.64 crore against a loss of Rs 50.49 crore a year earlier.

Profitability turns with scale

EBITDA surged to Rs 205 crore from Rs 68 crore a year earlier, lifting the EBITDA margin to 6.7% from 2.7%. Total income, including other income of Rs 67 crore, stood at Rs 3,133 crore, while total expenses rose 14.2% to Rs 3,093 crore. The company ended the quarter with a cash balance of Rs 4,676 crore, giving it room to fund expansion and technology bets without fresh dilution.

Volumes and the intracity bet

Express parcel volumes grew 32% year on year to 325 million shipments in the quarter. Delhivery Local, its on-demand intracity logistics and courier service, is now live across eight cities and is on track to exceed its earlier guidance of a Rs 250 crore annual revenue run rate by Q4 FY27, with improving contribution margins. For the first half of FY27, operating revenue grew 23.6% to Rs 5,997.11 crore and net profit rose to Rs 72.55 crore from Rs 40.55 crore. Shares closed at Rs 386 on Friday, valuing the company at Rs 29,831 crore.

Why this quarter matters

Delhivery's profit in the year-ago quarter was a loss, and its Q1 FY27 profit was Rs 32 crore, so Q2 extends a run of profitable quarters rather than a one-off. The combination of parcel growth, margin expansion and a large cash pile is what public-market investors now expect from scaled Indian logistics companies.