Delhivery Reports Rs 2,931 Cr Revenue in Q1 FY27; Profit Declines 65% Logistics company Delhivery reported a 27.8% year-on-year increase in revenue for the first quarter of fiscal year 2027, reaching Rs 2,931 crore, according to financial statements filed with the National Stock Exchange (NSE). This marks a significant growth compared to the same period in the previous fiscal year, when revenue stood at Rs 2,294 crore. However, the company’s profit declined sharply during the quarter, dropping 64.8% to Rs 32 crore from Rs 91 crore in the corresponding quarter of the prior year. Delhivery’s revenue from operations surged to Rs 2,931 crore, driven by its core logistics services, which include warehousing, last-mile delivery, and the design and deployment of logistics management systems. Other income, which includes non-operational revenue streams, fell 12.3% to Rs 114 crore in Q1 FY27 from Rs 130 crore in Q1 FY26. Despite the decline in other income, the company’s total income rose 25.6% to Rs 3,045 crore, up from Rs 2,424 crore in the same period last year. The company’s largest expense category, freight handling and servicing costs, accounted for 71.45% of total expenses and increased 31.4% to Rs 2,152 crore in Q1 FY27 from Rs 1,638 crore in Q1 FY26. Employee benefit expenses also rose 21.9% to Rs 429 crore, while depreciation costs climbed 28.6% to Rs 189 crore. Finance costs remained unchanged at Rs 34 crore, but other expenses increased 33.5% to Rs 207 crore from Rs 155 crore. As a result, total expenses for the quarter rose 29.4% to Rs 3,012 crore, compared to Rs 2,327 crore in Q1 FY26. Despite the strong revenue growth, Delhivery’s profitability suffered due to rising operational costs. On a sequential basis, the company’s operating revenue increased 2.8% to Rs 2,930.#national_stock_exchange #fiscal_year_2027 #delhivery #bareback_media #classplus
High energy cost transfer 'inevitable' to users: Finance ministry The Union Finance Ministry has stated that it is "inevitable" for countries to pass on higher energy costs to households and industries, emphasizing that this process is already underway in some nations. In its monthly economic review, released on Wednesday, the ministry noted that while certain countries have begun allowing energy price increases to be passed on to end-users, others have not. However, it warned that this transfer is unavoidable, particularly during periods of supply disruption. The ministry highlighted that without a moderation in demand, countries risk paying significantly higher prices for energy supplies in the long term. The review also called for maintaining macroeconomic stability, cautioning that any attempts to artificially boost near-term growth could jeopardize medium- to long-term economic prospects. The ministry further suggested that the challenges posed by the energy crisis will persist for an extended period, as restoring energy supplies will take time. It criticized international agencies for assuming a rapid return to normal energy production and shipping, pointing out that such forecasts often overlook the time required to rebuild production capacity and resume global trade. The ministry warned that energy prices may remain elevated for an extended period. India's crude oil basket averaged $113 per barrel in March, with prices just under $115 per barrel in April. According to an ICRA report, marketing margins for petrol and diesel are currently estimated at negative Rs 14 per litre and Rs 18 per litre, respectively. The report also noted that domestic LPG under recoveries are projected to reach Rs 80,000 crore for the fiscal year 2027.#energy_security #strategic_reserves #union_finance_ministry #icra_report #fiscal_year_2027
