Delhivery Q2 Results: Revenue crosses ₹3,000 crore for first time; EBITDA nearly triples

Delhivery Ltd on Friday reported its first-ever quarterly revenue of over ₹3,000 crore, with revenue from services rising 20% year-on-year to ₹3,066 crore in the second quarter of FY27.EBITDA nearly tripled year-on-year to ₹205 crore, with a margin of 6.7%, while consolidated net profit stood at ₹41 crore, or a margin of 1.3%.The company's express parcel business handled 325 million shipments during the quarter, up 32% year-on-year, while revenue from the segment grew 22%. Part Truck Load volumes rose 14% to 545,000 metric tonnes , with revenue increasing 23% year-on-year.ALSO READ | Delhivery shares close in on IPO price yet again after Motilal Oswal projects 26% upsideDelhivery ended the September quarter with a cash balance of ₹4,676 crore.The company said its profitability improved sequentially despite an inflationary cost environment. It also reported its best network service levels ahead of the festive season, despite rising fuel prices, labour availability issues and multiple statutory changes.Delhivery said it continues to invest in technology to improve demand shaping, infrastructure productivity, reduce dependence on labour in under-the-roof operations and simplify customer experience.The company said its early investments in artificial intelligence are beginning to deliver results through improved sales productivity and customer onboarding, faster resolution of claims and disputes, and fraud detection.ALSO READ | Delhivery Q4 Results | Net profit flat amid strong revenue growthDelhivery Robotics, its in-house automation lab, has started production of customised autonomous vehicles for in-facility movement operations. The company has also begun testing robotics systems across under-the-roof operations in partnership with global leaders in the physical AI domain.Delhivery said the improvements in network service levels and profitability provide momentum heading into the second half of FY27.The company serves over 59,000 clients across e-commerce and express parcel transportation, PTL and full truckload freight, warehousing and supply chain solutions, international freight, intra-city on-demand logistics, data solutions and software-as-a-service offerings, including AI-powered mapping APIs and warehouse and transportation management systems.Shares of Delhivery Ltd ended at ₹386.00, down by ₹12.00, or 3.02%, on the BSE.