• Type of Event: Earnings Conference Call discussing Q2 FY27 (quarter ended September 30, 2026) results, hosted by Ambit Capital.
  • Date and Time: The call was held on October 30, 2026, at 06:00 P.M. IST.
  • Purpose: Discussion of the company's unaudited standalone and consolidated financial results for Q2 FY27 and strategic updates.
  • Management Participants:
  • Mr. Sahil Barua, MD and Chief Executive Officer
  • Ms. Vani Venkatesh, Deputy CEO
  • Mr. Vivek Pabari, Chief Financial Officer
  • Mr. Varun Bakshi, Chief Sales Officer
  • Mr. Navneet Kumar, Head of Supply Chain Solutions
  • Moderator: Mr. Dhruv Jain from Ambit Capital.
  • Availability of Materials: The transcript was submitted to exchanges on November 5, 2026, and is available on the company's website (www.delhivery.com). The earnings presentation and shareholder letter were referenced as publicly available. No indication was given that unpublished price sensitive information (UPSI) would be shared.

Financial Highlights and Guidance References

  • Financial Period: Q2 FY27 (quarter ended September 30, 2026) and half year ended September 30, 2026.
  • Key Financials:
  • Revenue from services: Rs. 3,066 Cr (up 20% YoY)
  • Adjusted EBITDA: Rs. 123 Cr (4% of revenue)
  • PAT: Rs. 41 Cr
  • Cash on balance sheet: Rs. 4,676 Cr
  • Operational Metrics:
  • Express Parcel Volumes: 325 million shipments (up 32% YoY)
  • PTL Freight: 545K metric tonnes (up 14.2% YoY)
  • Forward-Looking Statements & Guidance:
  • Express parcel growth for FY27 is expected to be at the upper end of the 20-30% guided range.
  • Delhivery Local is expected to reach Rs. 240-250 Cr ARR by FY27 exit, but may exceed to Rs. 270-280 Cr with contribution margin breakeven possible in Q4 FY27.
  • International Saver business is at ~Rs. 140 Cr ARR, grown 55% QoQ, and achieved service EBITDA profitability.
  • Overall transportation margins are expected to expand by 130-150 bps between FY26 and FY27.
  • Corporate overheads as a percentage of revenue are expected to reduce, potentially reaching 7% levels within 24 months.
  • Losses from new initiatives for FY27 are guided at Rs. 130-160 Cr, with H1 FY27 loss at Rs. 67 Cr, putting it at the lower end of the range.

Additional Notes Section

  • Attachments: The transcript was the primary attachment to the regulatory filing. References were made to an earnings presentation and a shareholder letter, which were previously shared and are publicly available.
  • Financial Data Disclosure: The announcement itself did not contain financial data beyond what was in the transcript. The transcript contained detailed financial and operational data.
  • Logistical Details: Dial-in numbers or access codes were not included in the provided transcript excerpt, as the call had already concluded.