Delhivery slides 6% as Q4 profit stays flat despite 26% revenue jump
Q4FY26 revenue rose 26.31% YoY to ₹2,909 cr but net profit held at ₹72.39 cr. Express parcel volumes surged 73% to 306 mn post Ecom Express integration, pushing FY26 volumes past 1 bn. FY26 PAT slipped 6.81% to ₹152.54 cr. Brokerages stay constructive with targets of ₹480-630.
Delhivery shares fell 6% after Q4FY26 showed flat profit at ₹72.4 cr despite 26% revenue growth to ₹2,909 cr. Express parcel volumes surged 73% YoY post Ecom Express integration; brokerages largely positive with target prices ₹480-630.
Why this matters
Third consecutive quarter where Delhivery's strong topline growth has failed to translate into profit expansion, reinforcing investor concerns on margin path post Ecom Express integration.
Retail-company signals steady at 503 in last 90 days, indicating consistent sector newsflow.