Delhivery Ltd (DELHIVERY) Q2FY26 Concall Summary - Sep-2025 Qtr
Performance Overview
- The company reported a quarter of tremendous growth, highlighted by a 16% YoY increase in revenue from services, driven significantly by the successful integration of the Ecom Express acquisition.
- Express parcel volumes saw a substantial 32.5% YoY growth, with the company breaking operational records by crossing 100 million transportation orders in September and handling a peak dispatch of 7.2 million orders in a single day during the festive season.
- Profitability showed significant improvement, with adjusted EBITDA scaling up from Rs. 10 crores (0.5% margin) in Q2 FY25 to Rs. 83 crores (3.3% margin) in Q2 FY26, and PAT growing from Rs. 10 crores to Rs. 59 crores YoY.
- The company has made a conscious, calibrated effort to pivot its Supply Chain Services business towards profitability, resulting in a margin expansion from -4.4% in Q2 FY25 to 12.8% in the current quarter, despite a planned revenue dip.
- The integration of Ecom Express is proceeding smoothly and more efficiently than anticipated, with integration costs well within the guided envelope and expected to be materially lower than the initial Rs. 300 crores forecast.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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