Key Financial Performance (Q1 FY27)

Revenue & Scale

  • Revenue from Operations: ₹1,358 Crore, a 64.9% Year-on-Year (YoY) growth and a 9.8% Quarter-on-Quarter (QoQ) growth.
  • Total Orders Delivered: 24.7 Crore orders across Express & Hyperlocal services, an 83.3% YoY and 9.2% QoQ growth.

Segmental Revenue Performance

  • Express Revenue: ₹997 Crore, an 87.3% YoY and 7.9% QoQ growth.
  • Hyperlocal Revenue: ₹272 Crore, a 53.0% YoY and 17.0% QoQ growth.
  • Other Logistics Revenue: Not quantified but mentioned as driving sustained growth momentum.

Profitability

  • Ind AS EBITDA: ₹92 Crore at a 6.8% margin, a 370 bps YoY and 21 bps QoQ improvement.
  • Adjusted EBITDA: ₹67 Crore at a 4.9% margin, a 181% YoY growth (204 bps YoY and 23 bps QoQ margin improvement).
  • Profit After Tax (PAT): ₹65 Crore at a 4.8% margin, a 384 bps YoY and 31 bps QoQ margin improvement.

Balance Sheet (as of June 30, 2026)

  • Total Assets: ₹2,924 Crore (vs. ₹2,834 Cr as of Mar 31, 2026).
  • Property, Plant & Equipment: ₹292 Crore.
  • Right-of-Use Assets: ₹261 Crore.
  • Goodwill & Intangible Assets: ₹101 Crore.
  • Cash & Bank Balance: ₹1,537 Crore.
  • Trade Receivables: ₹562 Crore.
  • Total Equity: ₹1,813 Crore.
  • Lease Liabilities: ₹270 Crore.
  • Borrowings: ₹0.
  • Trade Payables: ₹386 Crore.

Cash Flow (For the quarter ending Jun 30, 2026)

  • Profit Before Tax: ₹65 Crore.
  • Net Cash Flow from Operating Activities: ₹50 Crore.
  • Capex Outflow: ₹(71) Crore.
  • Net Cash Flow from Investing Activities: ₹136 Crore.
  • Net Cash Flow from Financing Activities: ₹(28) Crore.
  • Net Increase in Cash: ₹158 Crore.

Operational & Strategic Highlights

Market Share & Scale

  • The company claims to be India's fastest-growing Third-Party Logistics (3PL) company.
  • Market share estimates are based on a Redseer report for FY25 and company estimates for FY26 and Q1 FY27.
  • Active Delivery Partners: 2.9 Lakh, a 56.9% YoY and 13.8% QoQ growth.
  • Workforce: 5,900+ Permanent Employees and 20,600 Employees on a Contractual basis.

Growth Initiatives

  • Quick Commerce & Dark Stores: Network expanded from 15 to 47 dark stores in Q1, live across 6 metro cities (Delhi, Bengaluru, Mumbai, Chennai, Hyderabad, Pune).
  • Network Coverage: 716 new pin codes opened in the quarter.
  • Prime & Shadowfax 360: D2C revenue grew 2.7x YoY; service reaches 120+ cities.
  • Prime Large: Full-year pin code target for this segment was achieved in Q1.

Technology & AI Integration

  • Delivery Partner Buddy: An AI-powered support system handling ~16k rider chats daily with a 97% resolution rate without human agents.
  • AI Quality Control at Pickup: A vision AI model for reverse logistics, reducing loss on targeted mismatches by ~50% and inference costs by ~35x.

Capital Investment

  • Capex is described as being front-loaded to build capacity for the upcoming festive season, driven by higher-than-anticipated growth.
  • Focus areas are network infrastructure, automation capabilities, and geographic expansion.

Cost Breakdown (% of Revenue)

  • Employee Benefit Expenses: 8.9%
  • Partner Expenses: 52.4%
  • Transportation charges: 18.8%
  • Rent: 3.2%
  • Lost Shipments & Quality Check Cost: 5.5%
  • Consumables Cost: 2.2%
  • Other Expenses: 4.1%
  • Total Expenses: 95.1%

Definitions

Key Performance Indicators (KPIs) such as Express Orders, Hyperlocal Orders, Adjusted EBITDA, etc., are defined in a dedicated section of the presentation.