Warehousing & Logistics company Delhivery announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from Operations: Stood at Rs 28,499.99 million in Q4FY26, registering a slight growth of 1.60% QoQ compared to Rs 28,049.86 million in Q3FY26, and a robust increase of 30.04% YoY from Rs 21,915.66 million in Q4FY25. For the full year FY26, revenue increased by 17.65% to Rs 1,05,083.07 million from Rs 89,319.01 million in FY25. Total Income: Reported at Rs 29,094.17 million in Q4FY26, marking an increase of 0.95% QoQ from Rs 28,821.08 million in Q3FY26, and a 26.30% growth YoY from Rs 23,034.88 million in Q4FY25. For FY26, total income stood at Rs 1,08,669.55 million compared to Rs 93,720.09 million in FY25. Profit Before Tax (PBT): Came in at Rs 672.85 million in Q4FY26, showcasing a sharp surge of 83.44% QoQ from Rs 366.80 million in Q3FY26, but down 6.19% YoY compared to Rs 717.22 million in Q4FY25. Profit After Tax (PAT): Reached Rs 723.97 million in Q4FY26, demonstrating a significant increase of 82.87% QoQ from Rs 395.89 million in Q3FY26, and a marginal decline of 0.22% YoY from Rs 725.57 million in Q4FY25. For FY26, PAT stood at Rs 1,525.40 million, declining by 5.90% YoY against Rs 1,621.10 million in FY25. Standalone Financial Highlights: Revenue from Operations: Reached Rs 26,716.69 million in Q4FY26, up 1.46% QoQ from Rs 26,332.82 million in Q3FY26, and an increase of 30.94% YoY from Rs 20,404.21 million in Q4FY25. For FY26, it stood at Rs 98,474.87 million, growing by 18.28% YoY versus Rs 83,252.84 million in FY25. Total Income: Stood at Rs 27,219.69 million in Q4FY26, growing 0.52% QoQ from Rs 27,080.10 million in Q3FY26, and up 26.45% YoY from Rs 21,526.02 million in Q4FY25. Profit Before Tax (PBT): Reported at Rs 762.74 million in Q4FY26, up 4.75% QoQ from Rs 728.14 million in Q3FY26, and marking a successful turnaround from a loss of Rs 216.74 million in Q4FY25. Profit After Tax (PAT): Reported at Rs 797.97 million in Q4FY26, jumping 7.55% QoQ from Rs 741.98 million in Q3FY26, and demonstrating a strong turnaround from a net loss of Rs 203.19 million in Q4FY25. For FY26, standalone PAT was Rs 3,254.27 million, jumping by 233.24% YoY compared to Rs 976.55 million in FY25. Business & Segment Highlights: Segment Performance: The company evaluates its performance at an overall level as a single business segment, which is 'Logistics Services' (including warehousing, last mile logistics, designing and deploying logistics management systems, etc.). Hence, there are no reportable geographical or separate business segments. Acquisition of Ecom Express Limited: The company completed the acquisition of a 99.87% stake in Ecom Express Limited for a purchase consideration of approximately Rs 13,696.36 million, making it a subsidiary with effect from July 18, 2025. The remaining 0.13% stake was acquired on December 10, 2025, making Ecom a wholly-owned subsidiary. Amalgamation Update: The National Company Law Tribunal (NCLT) approved the Scheme of Amalgamation between Spoton Logistics Private Limited, Spoton Supply Chain Solutions Private Limited, and the Company via an order dated March 20, 2026. The scheme came into effect on May 01, 2026, with an appointed date of April 01, 2025. Exceptional Item (Labour Codes Impact): The company recorded an exceptional item reflecting the financial implications of newly notified Labour Codes. This resulted in an increased gratuity and leave liability of Rs 208.56 million (consolidated) and Rs 203.61 million (standalone) for the year ended March 31, 2026. Result PDF