Indian logistics agency Delhivery has reported sturdy development in income and cargo volumes for the monetary 12 months ending March 2026, as the corporate expanded its transport and AI-led providers.

The Gurugram-based firm stated, its income from providers rose 17% year-on-year to Rs 10,486 crore in FY26, whereas EBITDA greater than doubled to Rs 764 crore, with margins bettering to 7.3%.

It delivered over one billion e-commerce parcels throughout the 12 months, matching the cumulative variety of parcels it dealt with throughout its first decade of operations. 

Delhivery stated its categorical parcel enterprise dealt with one billion e-commerce shipments throughout FY26, matching the cumulative quantity delivered throughout its first decade of operations. Its part-truckload (PTL) enterprise additionally carried practically two million metric tonnes of freight, up 17% from the earlier 12 months, the corporate stated.

Its categorical parcel volumes for the quarter climbed 72% year-on-year to 306 million shipments, whereas PTL freight volumes elevated 20% to 549,000 metric tonnes.

The corporate reported a consolidated revenue after tax of Rs 153 crore for FY26. Excluding Ecom integration prices and distinctive objects, revenue stood at Rs 347 crore.

For the quarter ending March 2026, income elevated 30% to Rs 2,848 crore, whereas EBITDA for Q4FY26 stood at Rs 231 crore, with a margin of 8.1%, in contrast with Rs 119 crore and a 5.4% margin a year earlier.

Web revenue for the quarter was broadly flat at Rs 72.4 crore, in contrast with Rs 72.6 crore in the identical interval final 12 months. Revenue earlier than Ecom integration prices and distinctive objects stood at Rs 87 crore.

The corporate stated working money circulate improved considerably throughout FY26. Web money generated from working actions rose to Rs 911 crore, in contrast with Rs 567 crore in FY25 and Rs 472 crore in FY24.

Delhivery ended FY26 with money and money equivalents, together with treasury devices, of Rs 4,555 crore as of March 31, 2026, down from Rs 5,493 crore a 12 months earlier.

Delhivery attributed the development to sustained cargo development, margin growth and decrease capital depth. Adjusted EBITDA margin improved to 4.4% in FY26 from 1.7% in FY25, whereas web working capital days decreased to 11 from 22 a 12 months earlier.

Nevertheless, the corporate additionally reported larger funding spending throughout the 12 months. It spent Rs 1,288 crore on mergers and acquisitions and Rs 405 crore on capital expenditure, contributing to a web money outflow from investing actions of Rs 479 crore.

Delhivery additionally introduced a number of new initiatives throughout the quarter, together with the launch of an AI-powered autonomous transport administration system designed to automate freight procurement, cargo planning and bill reconciliation.

The corporate expanded its worldwide financial system air-parcel service to the UK, Canada and Australia, and launched “Delhivery One SmartAssist”, an AI-driven buyer assist agent built-in into its platform.

It additionally prolonged its intra-city logistics service, Delhivery Native, to Jaipur, taking the service to 6 cities, and introduced a partnership with NVIDIA to develop an India-focused AI-native digital mapping platform.