Delhivery FY26 Revenue Rs.10,486 Cr, Turns Free Cashflow Positive

Delhivery reported FY26 revenue of Rs.10,486 Cr (+17% YoY) with consolidated PAT of Rs.153 Cr after integration costs and exceptional items.
Company achieved free cashflow positive status in FY26 with Rs.89 Cr FCF, driven by margin expansion, reduced capex intensity, and improved working capital.
Express volumes hit record 306 million in Q4FY26 with Service EBITDA margin at 18.8%, while PTL delivered 549K MT (+20% YoY) at 13.4% margin.
New businesses including Local, International, and Financial Services received Rs.76 Cr investment in FY26 with planned FY27 outlay of Rs.130-160 Cr.