# Delhivery profit plunges 65% in Q1; shares fall 4%

2026-08-10T04:58:57+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Delhivery’s Q1 FY27 net profit fell 65% year-on-year to Rs 31.9 crore, despite operating revenue rising 28% to Rs 2,931 crore. Total expenses jumped 29% to Rs 3,012 crore, driven by labour shortages, fuel costs, weather disruptions, and revised statutory minimum wages in four states. EBITDA improved 6.5% to Rs 156 crore, but the margin shrank to 4.9% from 6.5% a year ago. The stock fell 4% on Monday. Brokerage Nuvama retained a Buy rating but cut its target price to Rs 570 from Rs 580, citing margin pressure and higher spends. Delhivery expects pricing revisions to aid recovery from Q2. The firm projects express parcel volume growth of 20-30% and PTL growth of 18-22% in FY27. Its new B2C offering, Delhivery Local, crossed an annualised revenue run rate of Rs 100 crore in Q1.

## Coverage

- inc42.com <https://inc42.com/buzz/delhiverys-q1-show-weekly-funding-rebounds-more/>
- economictimes.indiatimes.com <https://economictimes.indiatimes.com/markets/stocks/news/delhivery-shares-plunge-4-as-net-profit-tumbles-65-yoy-why-nuvama-still-maintains-buy-rating/articleshow/133081619.cms>

Tags: Delhivery, Flipkart quick commerce, logistics, profit decline, Q1 results, startup funding
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