Now Reading: Delhivery Q1 net profit plunges 65% to ₹31.9 crore
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Delhivery Q1 net profit plunges 65% to ₹31.9 crore
Delhivery's consolidated net profit for the June quarter of FY27 slumped 65% to ₹31.9 crore from ₹91.1 crore in the same quarter last year. Sequentially, profit declined 56% from ₹72.3 crore. Operating…
The Story in Brief
Delhivery's consolidated net profit for the June quarter of FY27 slumped 65% to ₹31.9 crore from ₹91.1 crore in the same quarter last year. Sequentially, profit declined 56% from ₹72.3 crore. Operating revenue rose 28% to ₹2,930.7 crore from ₹2,294 crore in Q1 FY26, but on a quarter-on-quarter basis, revenue fell 3% from ₹2,850 crore. Total income, including other income of ₹114.1 crore, stood at ₹3,044.8 crore, while total expenditure jumped 29% to ₹3,011.6 crore.
The Indian Opinion
The noise around Delhivery's profit collapse misses the forest for the trees. Yes, net profit fell 65% year-on-year, but operating revenue jumped 28% to ₹2,930.7 crore. The real story is not a one-quarter profit blip but whether the company can convert revenue growth into sustainable earnings. Watch next quarter's Ebitda margin; that number will tell if Delhivery is fixing unit economics or just buying topline with higher costs.
Sources (2): inc42.com, ndtvprofit.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
