According to reports from Business Standard, Delhivery shares slumped 5% to ₹451.8 on Monday, despite reporting strong Q4 FY26 results. The logistics company reported a consolidated net profit of ₹72.39 crore for Q4 FY26, representing a marginal decline of 0.22% year-on-year compared to ₹72.55 crore in the corresponding quarter last year. Despite the flat profit performance, the company demonstrated strong operational growth with revenue from operations increasing 30.04% year-on-year to ₹2,849.99 crore during the quarter. As per Mangalam Maloo from The Economic Times, the stock is up 13% so far in 2026, but has not managed to sustain above its issue price of ₹487.
As reported by Business Standard, profit before tax stood at ₹67.28 crore in Q4 FY26, down 6.19% compared to ₹71.72 crore in the same quarter last year. However, the company showed significant improvement in operational efficiency with EBITDA jumping 94.11% to ₹231 crore compared to ₹119 crore in Q4 FY25. EBITDA margin expanded substantially to 8.1% in Q4 FY26 from 5.4% in Q4 FY25, indicating improved cost management and operational leverage. According to Mangalam Maloo, EBITDA increased by 79.9% to ₹214.1 crore from ₹119 crore in the same quarter last fiscal, with margins expanding to 7.5% from 5.4% in the year-ago period.
According to Business Standard, Delhivery demonstrated strong operational performance with express parcel volumes reaching 306 million shipments in Q4 FY26, up 72% year-on-year. Part Truck Load (PTL) volumes came in at 549K MT, rising 20% YoY, while revenue from services increased 30% YoY to ₹2,848 crore during the quarter. The company also expanded its international footprint by launching economy air-parcel services to the UK, Canada and Australia during the quarter. As per Citi, the company's express parcel volumes of 306 million were up 4% sequentially and 9% more than Citi's estimates, showing continuing gains from 3PL consolidation and increased outsourcing at leading horizontal e-commerce platforms.
As reported by Business Standard, Delhivery introduced an AI agent-powered autonomous transport management system to automate freight procurement, shipment planning, execution and invoice reconciliation. The company launched Delhivery One SmartAssist, an AI-driven agent designed to automate Level 1 customer support, integrated into the Delhivery One platform. Additionally, Delhivery expanded its intra-city logistics offering Delhivery Local to Jaipur, taking its presence to six cities, and announced a partnership with NVIDIA to develop an India-focused AI-native digital mapping platform.
According to Business Standard, Delhivery announced plans to incorporate a wholly owned subsidiary, Delhivery Fintech Distribution, in India to operate in the financial services space. The proposed entity will function as a financial layer within Delhivery's network, leveraging its logistics reach to enhance liquidity access and improve operational efficiency. Delhivery will hold 100% shareholding with an investment of ₹1 crore via cash subscription, with the subsidiary set to house insurance corporate agent business and facilitate distribution of payment solutions including FASTags and fuel cards. As per Mangalam Maloo, of the 23 analysts who have coverage on the stock, 19 have a "buy" rating, three have a "hold" rating and one has a "sell" rating. UBS and Citi have "buy" recommendations with price targets of ₹630 and ₹565 respectively, while Goldman Sachs maintains a "neutral" rating with a price target of ₹480.
