Delhivery announces board reshuffle; returns to profit with record operating performance

Delhivery Limited announced major board changes along with strong business performance. The company said its Chairman Deepak Kapoor and Independent Director Saugata Gupta will step down from the Board from April 1, 2026. This is part of a planned board rejuvenation, meant to prepare Delhivery for its next stage of long-term growth. Both leaders were important in building strong governance and guiding the company through its IPO in 2022. As part of this transition, Delhivery has already appointed new independent directors in 2025, including leaders from Emcure Pharmaceuticals, boAt Lifestyle, PB Fintech, and IIM Bangalore, to strengthen decision-making and oversight. At the same time, Delhivery delivered a strong financial turnaround in Q3 FY26. The company reported a profit of ₹39.6 crore, reversing the loss seen in the previous quarter. EBITDA jumped to ₹147 crore, and margins reached their highest level ever. Revenue increased 18% year-on-year to ₹2,805 crore, supported by higher volumes across businesses. The express parcel segment performed very well, with shipments rising 43% to a record 295 million parcels during the festive season. The PTL (Part Truckload) business also crossed an important milestone, handling over 5 lakh metric tonnes for the first time. Along with improving profits, Delhivery expanded its growth initiatives by launching Delhivery Direct in more cities and introducing Delhivery International, a low-cost air parcel service to help Indian small and medium exporters. Following the results, Delhivery shares rose 2.61% to ₹422.50, reflecting positive sentiment around the company’s improving performance and future plans.