Delhivery Q3 net profit surges 58% on strong volume growth, EBITDA more than doubles

Logistics major Delhivery reported a strong set of numbers for the December quarter, with net profit rising 58.4% year-on-year to ₹39.6 crore, aided by healthy volume growth and operating leverage.

Revenue increased 18% to ₹2,804 crore compared with ₹2,378 crore in the year-ago period.

EBITDA more than doubled to ₹208.5 crore from ₹103 crore a year earlier, while operating margin improved to 7.4% from 4.3%.

The company said its Part Truck Load (PTL) business crossed 500,000 metric tonnes for the first

time, registering 23% year-on-year growth, driven by consistent sales efforts and stable service quality despite a sharp rise in network volumes.

Separately, Delhivery said it has assessed the financial impact of the recently notified Labour Codes, which consolidate multiple existing labour laws into a single framework. The changes have led to an increase in gratuity and leave liabilities amounting to ₹20.86 crore, which has been classified as an exceptional item in the consolidated results for the quarter and nine months ended December 31, 2025.

The company said it continues to monitor developments and will evaluate any further impact once the final rules and effective dates are notified.

Shares of Delhivery ended higher on Friday, January 31, by 3.53% at 426.35 on the NSE.

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