Delhivery on Wednesday said it swung to a consolidated net loss attributable of Rs 50.38 crore in the second quarter ended September 2025, compared to a profit of Rs 10.20 crore in the year-ago period.
Revenue from operations stood at Rs 2,559.3 crore for the quarter, reflecting a 16.9% year-on-year (YoY) rise from Rs 2,189.7 crore reported in the September 2024 quarter.
The company said the July–September period marked the completion of its acquisition of Ecom Express and preparations for the Diwali festive season, which began in early September. Despite heavy rains, holidays, and GST rate changes, Delhivery said it handled its highest-ever shipment volumes.
Record festive volumes
Express Parcel shipment volumes rose 32% YoY and 18% sequentially to 246 million orders in Q2 FY26. Part-truckload (PTL) volumes increased 12% YoY to 477,000 metric tonnes, with yields improving by about 3% quarter-on-quarter, leading to a 15% YoY revenue growth in the segment.
Overall revenue from services stood at Rs 2,546 crore in Q2 FY26, up 16.3% YoY. Excluding the impact of the Ecom Express acquisition, the company reported an EBITDA of Rs 150 crore and profit after tax of Rs 59 crore.Integration-related costs during the quarter were Rs 90 crore, with total integration expenses expected to remain within the Rs 300 crore estimate. Service EBITDA margin for the Transportation segment (Express and PTL) came in at 13.5% in Q2 FY26, compared with 11.9% a year earlier.Delhivery said shipment volumes remained strong in October and that it expects to meet its profitability expectations between the second and third quarters.
CFO transition
In a leadership change, Delhivery announced that Vivek Pabari, currently heading Corporate Finance, Treasury and Investor Relations, will take over as Chief Financial Officer from Amit Agarwal with effect from January 1, 2026.
Agarwal, who is stepping down for personal reasons, will continue with the company until December 31, 2025. A 13-year veteran at Delhivery, he joined the firm in 2012 and became CFO in 2018, steering the company through key milestones including its stock market listing and major acquisitions such as SpotOn and Ecom Express.
Also read | Delhivery Q2 Results: Co turns to red, suffers net loss of Rs 50 crore despite 17% rise in revenue
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