Logistics company Delhivery reported a 27.8% year-on-year increase in revenue in Q1 FY27, while its profit declined sharply during the quarter. Delhivery’s revenue from operations grew to Rs 2,931 crore in Q1 FY27 from Rs 2,294 crore in Q1 FY26, according to its financial statements filed with the National Stock Exchange (NSE). The company primarily earns revenue from its logistics services, including warehousing, last-mile delivery, and the design and deployment of logistics management systems. Other income declined 12.3% to Rs 114 crore in Q1 FY27 from Rs 130 crore in the year-ago quarter. As a result, the company’s total income rose 25.6% to Rs 3,045 crore from Rs 2,424 crore in Q1 FY26. Freight handling and servicing costs remained Delhivery’s largest expense, accounting for 71.45% of total expenses. The cost increased 31.4% to Rs 2,152 crore in Q1 FY27 from Rs 1,638 crore in the year-ago quarter. Employee benefit expenses increased 21.9% to Rs 429 crore from Rs 352 crore, while depreciation rose 28.6% to Rs 189 crore from Rs 147 crore. Finance costs remained flat at Rs 34 crore, whereas other expenses climbed 33.5% to Rs 207 crore from Rs 155 crore. The company’s total expenses rose 29.4% to Rs 3,012 crore in Q1 FY27 from Rs 2,327 crore in Q1 FY26. Despite the strong growth in revenue, Delhivery’s profit declined 64.8% to Rs 32 crore in Q1 FY27 from Rs 91 crore in Q1 FY26.On a sequential basis, Delhivery’s operating revenue increased 2.8% to Rs 2,930.73 crore in Q1 FY27 from Rs2,850crore in the preceding quarter, while its profit declined 55.9% to Rs 31.91 crore from Rs 72.40 crore during the same period. Delhivery’s shares were closed at Rs 473.30 apiece on Friday, taking the company’s market capitalisation to Rs 35,198 crore. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
