Did Meesho's Valmo really deliver a knockout punch to e-commerce logistics?
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Business Standard
a day ago
- Business Standard
Delhivery Q1 PAT climbs 68% YoY to Rs 91 cr
Delhivery's consolidated net profit jumped 67.50% to Rs 91.04 crore in Q1 FY26, compared with net profit of Rs 54.35 crore in Q1 FY25. Revenue from operations increased 5.60% year on year to Rs 2,294 crore in Q1 FY26. During the quarter, profit before tax stood at Rs 89.67 crore, up 69.28% from Rs 52.97 crore posted in the same quarter last year. EBITDA stood at Rs 149 crore in Q1 FY26, up 53.60% compared with Rs 97 crore in Q4 FY24. EBITDA margin expanded to 6.5% in Q1 FY26 as against 4.5% in Q1 FY25. Revenue from the express parcel business rose 10% year-on-year to Rs 1,403 crore in Q1 FY26, up from Rs 1,276 crore in Q1 FY25. Shipment volumes also saw a strong 14% YoY growth, reaching 208 million in Q1 FY26 compared to 183 million in the same period last year. The company noted that this growth momentum has continued into Q2. The Part Truck Load (PTL) segment delivered robust performance in Q1 FY26, with tonnage rising 15% year-on-year to 458,000 metric tonnes, compared to 399,000 metric tonnes in Q1 FY25. Revenue for the segment grew 17% YoY, reaching Rs 508 crore, up from Rs 435 crore in the corresponding quarter of the previous year. Operational efficiency also improved significantly, with the Service EBITDA margin expanding by 750 basis points to 10.7% in Q1 FY26, up from 3.2% in Q1 FY25. The company's other business segments reported a mixed performance in Q1 FY26. Revenue from supply chain services declined 20.84% year-on-year to Rs 205 crore in Q1 FY26, compared to Rs 259 crore in Q1 FY25. The Truckload segment also reported a dip, with revenue falling 5.12% to Rs 148 crore from Rs 156 crore in the same quarter last year. Similarly, Cross Border Services saw a significant decline, with revenue dropping to Rs 24 crore from Rs 43 crore in Q1 FY25. Sahil Barua, MD & chief executive officer, said, Were pleased with the strong start to the financial year. The improved profitability as a result of operating at a higher scale reaffirms the inherent operating leverage linked efficiencies in our business. We look forward to the upcoming festive sale season with optimism. Delhivery is India's largest fully-integrated logistics services provider. With its nationwide network covering over 18,850 pin codes, the company provides a wide range of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services. Shares of Delhivery rose 1.07% to settle at Rs 429.85 on Friday, 1 August 2025
Time of India
a day ago
- Time of India
Delhivery Q1 Results: Net Profit surges 68% YoY to Rs 91 crore
New-age third party logistics firm Delhivery on Friday reported a 68.5% year-on-year jump in its net profit for the first quarter ended June to ₹91 crore, driven by tighter operations and stable revenue. The company reported a 5.6% growth in its operating revenue at ₹2,294 crore. The firm's biggest segment of express parcel shipments saw a 14% volume growth to 208 million. Explore courses from Top Institutes in Please select course: Select a Course Category Technology Healthcare Data Science Data Analytics Others Artificial Intelligence Leadership Finance healthcare others Cybersecurity PGDM Public Policy Management Digital Marketing Project Management Design Thinking Product Management Operations Management CXO MBA MCA Degree Data Science Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Click here for more information Undo In the post-earnings analysts call, Delhivery CEO Sahil Barua said the impact of volume growth from Ecom Express acquisition will be visible from the July-September quarter. The deal was closed on July 18. Delhivery will incur integration costs of around ₹300 crore over a six-month period. Barua said the acquisition would increase Delhivery's market share in the third-party logistics (3PL) segment by around 25% - considering Ecom Express was around half its size in volumes. In a separate stock exchange filing, Delhivery said Srivatsan Rajan , its longest-serving independent director, will step down effective September 30. Live Events Yashish Dahiya, founder of PB Fintech , and Padmini Srinivasan, will join the company's board as independent directors .
Time of India
a day ago
- Time of India
Delhivery integrates Ecom Express volumes, Q1 profit rises 67% in Q1
Bengaluru: Delhivery said it brought more than half of Ecom Express's volumes onto its platform after the acquisition received regulatory approval in June. It shifted all client contracts to what it described as "rational pricing. " "The irrational pricing that existed in the market has been cleaned out, at least out of what was the erstwhile Ecom Express network," Sahil Barua, CEO, Delhivery said during the investor call on Friday. Delhivery bought Ecom Express for Rs 1,369 crore this year. "Clients now get volume-linked discounts, but not the below-cost contracts that were distorting the market. Logistics is not a business where pricing below cost works. Wages rise 7-8% annually, rentals by 5-8%, and fleet costs inflate in a very predictable way. Balance sheet constraints will ultimately force every third-party logistics to price sustainably, whether we do anything or not." Barua stated that the integration also helped consolidate client relationships across marketplaces, SMEs, and direct-to-consumer brands. Express parcel volumes rose 14% year-on-year to 208 million in the June quarter. He added that July volumes were "materially higher" than June, with the festive season expected to support further growth. Part-truckload freight tonnage grew 15% year-on-year to 4.6 lakh tonnes. While sequential volumes were flat in what the company described as a seasonally weak quarter, partial truckload (PTL) margins improved to 10.7%, up 750 basis points from a year earlier. Barua mentioned that PTL demand was supported by deliveries to quick commerce dark stores and mother warehouses. Delhivery reported a net profit of Rs 91 crore for the June quarter, up 67% from Rs 54 crore a year ago. Revenue from services grew 6% to Rs 2,294 crore, and the EBITDA margin rose to 6.5% from 4.5%. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru The company also invested Rs 14 crore during the quarter in its new initiatives, including Delhivery Direct, an intra-city pickup and delivery service for SMEs and consumers, and Delhivery Rapid, a sub-2-hour delivery offering. It is also preparing to launch an economy cross-border shipping product for small exporters. Separately, Delhivery appointed PB Fintech chairman Yashish Dahiya and IIM Bangalore's Dr Padmini Srinivasan as independent directors. Long-serving board member Srivatsan Rajan will step down in September as part of a planned transition.
