Delhivery Reports Q1 Revenue Growth Despite Profit Decline

Delhivery Limited reported a 64% year-on-year decline in net profit to ₹32 crore for Q1 FY27, despite increasing revenue from services by 27.8% to ₹2,931 crore. The company attributed the drop in profitability to higher fuel and labor costs, alongside integration expenses stemming from its 2025 acquisition of Ecom Express.

Operationally, the logistics firm saw a 55.2% surge in express parcel shipments, totaling 322 million packages. CEO Sahil Barua described the record volumes as heartening because the first quarter is typically the slowest period for the logistics industry.

The company announced the resignation of Chief Operating Officer Ajith Pai after ten years of service. To protect future margins, Delhivery is implementing fuel pass-through provisions and expects full-year express parcel volume growth to remain between 20% and 30%.