Delhivery Limited — quarter ended March 31, 2026 (audited/reviewed) and year ended March 31, 2026 (audited)
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| S. No. | Particulars | Quarter ended March 31, 2026 (Unaudited, refer note 8) | Quarter ended December 31, 2025 (Unaudited) | Quarter ended March 31, 2025 (Unaudited, refer note 8) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|---|
| I | Revenue from contracts with customers | 28,499.99 | 28,049.86 | 21,915.66 | 1,05,083.07 | 89,319.01 |
| II | Other income | 594.18 | 771.22 | 1,119.22 | 3,586.48 | 4,401.08 |
| III | Total Income (I+II) | 29,094.17 | 28,821.08 | 23,034.88 | 1,08,669.55 | 93,720.09 |
| IV | Expenses | |||||
| Freight, handling and servicing costs | 20,056.09 | 19,795.95 | 15,663.31 | 74,658.78 | 65,347.85 | |
| Employee benefits expense | 4,166.23 | 4,096.91 | 3,375.48 | 16,045.58 | 13,759.04 | |
| Finance costs | 340.53 | 371.86 | 337.07 | 1,441.07 | 1,257.87 | |
| Depreciation and amortisation expense | 1,832.82 | 1,865.83 | 1,424.85 | 6,954.39 | 5,349.08 | |
| Other expenses | 2,135.37 | 2,069.27 | 1,686.14 | 7,978.74 | 6,453.89 | |
| Total Expenses | 28,531.04 | 28,199.82 | 22,486.85 | 1,07,078.56 | 92,167.73 | |
| V | Profit before exceptional items, share of profit of an associate and tax (III-IV) | 563.13 | 621.26 | 548.03 | 1,590.99 | 1,552.36 |
| VI | Share of profit of associate (net) | 94.72 | 19.10 | 169.19 | 71.77 | 70.30 |
| VII | Profit before exceptional items and tax (V+VI) | 657.85 | 640.36 | 717.22 | 1,662.76 | 1,622.66 |
| VIII | Exceptional items (refer note 3) | 15.00 | (273.56) | – | (258.56) | (51.34) |
| IX | Profit before tax (VII+VIII) | 672.85 | 366.80 | 717.22 | 1,404.20 | 1,571.32 |
| X | Tax expense: | |||||
| – Current tax | 0.52 | 1.54 | 5.19 | 2.13 | 6.71 | |
| – Deferred tax charge/(gain) | (51.64) | (30.63) | (13.54) | (123.33) | (57.04) | |
| – Income tax for earlier years | – | – | – | 0.55 | – | |
| Total tax expense | (51.12) | (29.09) | (8.35) | (121.20) | (49.78) | |
| XI | Profit for the period/year (IX-X) | 723.97 | 395.89 | 725.57 | 1,525.40 | 1,621.10 |
| XII | Other Comprehensive Income/(Loss) | |||||
| a) Items that will not be reclassified to statement of profit and loss in subsequent periods | ||||||
| – Re-measurement gains/(losses) on defined benefit plans | 85.80 | 0.64 | (0.40) | 126.26 | 34.87 | |
| – Income tax relating to items that will not be reclassified to profit and loss | – | – | – | – | – | |
| – Share of other comprehensive income/(loss) of associate (net) | 5.29 | 0.01 | (1.87) | 5.38 | (1.46) | |
| b) Items that will be reclassified to statement of profit and loss in subsequent periods | ||||||
| – Exchange differences on translation of foreign operations | 15.43 | 8.58 | 8.52 | 48.68 | 15.73 | |
| – Income tax relating to items that will be re-classified to profit and loss | – | – | – | – | – | |
| – Share of other comprehensive loss of associate (net) | (0.60) | – | – | (0.60) | – | |
| Total Other Comprehensive Income for the period/year (a+b) | 105.92 | 9.23 | 6.25 | 179.72 | 49.14 | |
| XIII | Total Comprehensive Income for the period/year (XI+XII) | 829.89 | 405.12 | 731.82 | 1,705.12 | 1,670.24 |
| XIV | Profit for the period/ year attributable to: | |||||
| Owners of the parent | 723.97 | 396.08 | 725.57 | 1,526.76 | 1,621.10 | |
| Non-controlling interest | – | (0.19) | – | (1.36) | – | |
| XV | Other comprehensive income for the period/year attributable to: | |||||
| Owners of the parent | 105.92 | 9.23 | 6.25 | 179.72 | 49.14 | |
| Non-controlling interest* | – | (0.00) | – | (0.00) | – | |
| XVI | Total comprehensive income for the period/year attributable to (XIV+XV): | |||||
| Owners of the parent | 829.89 | 405.31 | 731.82 | 1,706.48 | 1,670.24 | |
| Non-controlling interest | – | (0.19) | – | (1.36) | – | |
| XVII | Paid up equity share capital (face value ₹ 1 per share) | 748.61 | 748.09 | 745.58 | 748.61 | 745.58 |
| XVIII | Other Equity | – | – | – | 96,120.94 | 93,575.93 |
| XIX | Earning per equity share (₹) | |||||
| Basic | 0.97 | 0.53 | 0.97 | 2.04 | 2.19 | |
| Diluted | 0.95 | 0.52 | 0.96 | 2.00 | 2.14 |
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| Assets | ||
| Non-current Assets | ||
| Property, plant and equipment | 15,960.52 | 11,846.35 |
| Right-of-use assets | 13,179.77 | 12,993.87 |
| Capital work in progress | 9.67 | 328.96 |
| Goodwill | 23,859.09 | 13,441.63 |
| Other intangible assets | 1,317.32 | 588.81 |
| Investment in associate | 3,355.15 | 3,278.60 |
| Financial Assets | ||
| i) Investments | 8,878.20 | 6,942.51 |
| ii) Other financial assets | 7,628.60 | 8,609.63 |
| Non-current tax assets (net) | 3,605.72 | 2,882.42 |
| Other non-current assets | 202.92 | 197.31 |
| Total Non-current Assets | 77,996.96 | 61,110.09 |
| Current Assets | ||
| Inventories | 236.38 | 164.80 |
| Financial Assets | ||
| i) Investments | 17,381.47 | 25,561.08 |
| ii) Trade receivables | 13,709.92 | 14,121.07 |
| iii) Cash and cash equivalents | 2,419.37 | 3,359.66 |
| iv) Other bank balances | 24.07 | – |
| v) Loans | 34.69 | 40.52 |
| vi) Other financial assets | 13,414.45 | 14,502.40 |
| Other current assets | 2,551.10 | 1,771.73 |
| Total Current Assets | 49,771.45 | 59,521.26 |
| Total Assets | 1,27,768.41 | 1,20,631.35 |
| Equity and Liabilities | ||
| Equity | ||
| Equity share capital | 748.61 | 745.58 |
| Other equity | 96,120.94 | 93,575.93 |
| Equity attributable to owners of the Parent | 96,869.55 | 94,321.51 |
| Non-controlling interests | – | – |
| Total Equity | 96,869.55 | 94,321.51 |
| Liabilities | ||
| Non-current Liabilities | ||
| Financial Liabilities | ||
| i) Borrowings | – | 24.63 |
| ii) Lease liabilities | 11,196.32 | 11,380.51 |
| Provisions | 205.99 | 747.54 |
| Deferred tax liabilities (net) | 268.42 | 76.62 |
| Total Non-current Liabilities | 11,670.73 | 12,229.30 |
| Current Liabilities | ||
| Financial Liabilities | ||
| i) Borrowings | 25.35 | 372.06 |
| ii) Lease liabilities | 3,404.04 | 2,438.81 |
| iii) Trade payables | ||
| (a) Total outstanding dues of micro and small enterprises | 154.05 | 15.13 |
| (b) Total outstanding dues of creditors other than micro and small enterprises | 11,162.23 | 8,537.17 |
| iv) Other financial liabilities | 2,165.67 | 1,150.75 |
| Other current liabilities | 1,873.35 | 1,178.92 |
| Provisions | 441.19 | 382.44 |
| Current tax liabilities | 2.25 | 5.26 |
| Total Current Liabilities | 19,228.13 | 14,080.54 |
| Total Liabilities | 30,898.86 | 26,309.84 |
| Total Equity and Liabilities | 1,27,768.41 | 1,20,631.35 |
| Particulars | For the year ended March 31, 2026 Audited | For the year ended March 31, 2025 Audited |
|---|---|---|
| A) Operating Activities | ||
| Profit before tax | 1,404.20 | 1,571.32 |
| Adjustments to reconcile profit before tax to net cash flows | ||
| Depreciation of property, plant and equipment | 2,986.16 | 2,062.95 |
| Amortisation of intangible assets | 552.32 | 341.78 |
| Depreciation of right-of-use assets | 3,415.91 | 2,944.35 |
| Allowances for doubtful debts and provision for lost shippment expenses | 1,825.32 | 1,372.96 |
| Allowances for doubtful advances | (55.87) | (146.00) |
| Inventory written off | – | 0.04 |
| Credit balance written back | (1.06) | (23.63) |
| Share based payment expense (equity settled – ESOP) | 844.65 | 1,165.76 |
| Employee stock appreciation right expense | 19.65 | (16.94) |
| Share of profit of associates (net) | (71.77) | (70.30) |
| Interest expense | 42.78 | 68.21 |
| Interest on lease liability | 1,393.94 | 1,185.20 |
| Fair value loss/(gain) on investment at fair value through profit or loss | 864.53 | (1,596.17) |
| Assets written off | 20.83 | – |
| Gain on modification / termination of lease contracts | (196.92) | (76.91) |
| Fair value loss on investment at fair value through profit or loss/impairment (exceptional item) | 50.00 | 51.34 |
| Interest income | (2,001.40) | (2,309.31) |
| Interest income on unwinding of discount on security deposits paid | (104.91) | (87.71) |
| Net gain on sale of current investments | (1,937.24) | (243.50) |
| Profit on disposal of property, plant and equipment | (50.13) | (18.76) |
| Operating profit before working capital changes | 9,000.99 | 6,174.68 |
| Movements in working capital: | ||
| – Inventories | (71.58) | (0.58) |
| – Trade and other receivables | (705.37) | (1,197.13) |
| – Financial assets | 23.11 | (35.62) |
| – Other assets | (11.32) | 6.04 |
| – Trade payables | 978.96 | 578.49 |
| – Other liabilities | 695.75 | 252.81 |
| – Provisions | (562.17) | 146.75 |
| Cash flow from operations | 9,348.37 | 5,925.44 |
| Income taxes paid | (233.80) | (251.81) |
| Net cash from operating activities (A) | 9,114.57 | 5,673.63 |
| B) Investing Activities | ||
| Purchase of property, plant & equipment (including other intangible assets, capital work in progress, capital advances and capital creditors) | (4,221.30) | (4,831.81) |
| Proceeds from sale of property, plant & equipment | 171.55 | 74.93 |
| Payment towards acquisition of business (net of cash & cash equivalents) | (13,083.28) | – |
| Proceeds from unquoted equity instruments | 200.00 | – |
| Proceeds from sale of financial assets – Liquid mutual fund units, debt instruments | 91,350.20 | 54,349.85 |
| Payment to acquire financial assets – Liquid mutual fund units, debt instruments | (84,239.52) | (60,512.62) |
| Proceeds from maturity of bank deposits (having maturity of more than 3 months) | 12,565.65 | 21,732.77 |
| Investments in bank deposits (having maturity of more than 3 months) | (9,521.22) | (13,893.09) |
| Interest received | 1,990.74 | 2,043.92 |
| Net cash used in investing activities (B) | (4,787.18) | (1,036.05) |
| C) Financing Activities | ||
| Proceeds from issuance of equity share capital (net off share issue expenses and including stock options exercised) | 13.48 | 39.06 |
| Purchase of shares from non-controlling interests | (18.27) | – |
| Repayment of long term borrowings | (1,108.11) | (856.97) |
| Interest paid | (32.48) | (72.75) |
| Payment of interest portion of lease liabilities | (1,393.94) | (1,185.20) |
| Payment of principal portion of lease liabilities | (2,777.46) | (2,246.80) |
| Net cash used in financing activities (C) | (5,316.78) | (4,322.66) |
| Net increase/(decrease) in cash and cash equivalents (A+B+C) | (989.39) | 314.92 |
| Net foreign exchange difference |