Gurugram-based logistics main Delhivery Ltd. reported a 17% year-on-year improve in income for the quarter ended September 2025, whilst one-time integration bills from its Ecom Specific acquisition dragged the corporate into losses.

Income from operations rose to Rs 2,559 crore in Q2 FY26 from Rs 2,190 crore a yr earlier. Excluding Ecom Specific integration prices, income from providers stood at Rs 2,546 crore, up 16% YoY.

EBITDA grew 162% YoY to Rs 150 crore, translating to a margin of 5.9%, whereas revenue after tax (excluding integration prices) stood at Rs 59 crore, in contrast with Rs 10 crore in Q2 FY25.

Together with the Ecom Specific prices of Rs 90 crore incurred throughout the quarter, Delhivery reported a internet lack of Rs 50 crore, reversing a revenue of Rs 10 crore in the identical interval final yr. Complete expenditure climbed 18% YoY to Rs 2,708 crore, outpacing income progress. Freight dealing with and servicing prices accounted for 68% of bills, rising to Rs 1,843 crore, whereas worker profit expense rose to Rs 426 crore.

For the half yr ended September 2025, income rose 11% YoY to Rs 4,840 crore, whereas EBITDA (excluding integration prices) almost doubled to Rs 299 crore. Revenue after tax for a similar interval dropped 37% YoY to Rs 40 crore.

Enterprise efficiency

Specific Parcel: Cargo volumes surged 32% YoY to 246 million in Q2 FY26, pushed by consolidation of Ecom Specific volumes, natural consumer progress, and festive demand. Income rose 24% to Rs 1,611 crore, whereas service EBITDA margins improved barely to fifteen.3%.

Half Truck Load (PTL): Tonnage elevated 12% YoY to 477,000 MT, with income up 15% to Rs 546 crore. Phase EBITDA margins expanded sharply to eight.5%, in contrast with 2.9% final yr.

Different companies: Provide Chain Providers income declined 14% YoY to Rs 170 crore, Truckload fell 5% to Rs 150 crore, and Cross Border Providers income dropped 36% to Rs 38 crore.

Delhivery accomplished its acquisition of Ecom Specific on July 18, 2025, and has since wound down non-express operations, with the income transition largely accomplished in Q2. The corporate has rationalised Ecom’s community, retaining seven amenities for long-term use. Integration prices are anticipated to stay inside the earlier Rs 300 crore steerage.

Amongst new initiatives, the corporate stated its Speedy quick-delivery vertical now operates 20 shops throughout three cities and plans to achieve 25 by the top of FY26. The Direct enterprise, lively in Ahmedabad, NCR, and Bengaluru, plans to broaden into 4 extra cities this fiscal yr.