Interim report
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Date : August 08 , 2026 BSE Limited DELHIVERY National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers , Dalal Street , Mumbai - 400 001 India Scrip Code : 543529 Exchange Plaza , C - 1 , Block G , Bandra Kurla Complex , Bandra ( E ) , Mumbai - 400 051 India Symbol : DELHIVERY Sub : Disclosure under Regulation 30 of SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 - Outcome of the Board Meeting of Delhivery Limited Dear Sir / Ma'am , In reference to our earlier communication dated July 31 , 2026 and pursuant to the provisions of Regulation 30 and 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 ( " SEBI Listing Regulations " ) and SEBI Master Circular No. HO / 49 / 14 / 14 ( 7 ) 2025 - CFD - POD2 / 1 / 3762 / 2026 dated January 30 , 2026 ( " Master Circular " ) , we hereby inform you that the Board of Directors of the Company at its meeting held today i.e. Saturday , August 08 , 2026 , has inter alia considered and approved : 1. the Unaudited Standalone and Consolidated Financial Results ( " Unaudited Financial Results " ) of the Company for the quarter ended June 30 , 2026 . In view of the aforesaid , please find enclosed herewith : a ) Auditor's Limited Review Report on the Unaudited Financial Results ; and b ) Unaudited Financial Results . 2. re - appointment of following directors subject to approval of the shareholders , based on the recommendation of Nomination and Remuneration Committee : a ) Mr. Sahil Barua ( DIN : 05131571 ) as Managing Director and Chief Executive Officer of the Company for a period of 5 years with effect from October 13 , 2026 to October 12 , 2031 ; and b ) Mr. Kapil Bharati ( DIN : 02227607 ) as Whole - time Director ( Executive Director and Chief Technology Officer ) of the Company for a period of 5 years with effect from October 13 , 2026 to October 12 , 2031 . Further , in terms of circular ( s ) dated June 20 , 2018 issued by National Stock Exchange of India Limited , bearing reference no . NSE / CML / 2018 / 24 and circular bearing reference no . LIST / COMP / 14 / 2018-19 issued by BSE Limited , on the subject of enforcement of the SEBI Orders regarding appointment of Directors by listed companies , we hereby affirm that Mr. Sahil Barua and Mr. Kapil Bharati is not debarred from holding the office of Director by virtue of any order of the SEBI or any other such authority . The disclosure as required under SEBI Listing Regulations read with Master Circular , are mentioned in " Annexure - A " . Delhivery Limited Corporate Office : Plot 5 , Sector 44 , Gurugram - 122 002 , Haryana , India Registered Office : N24 - N34 , S24 - S34 , Air Cargo Logistics Centre - II , Opposite Gate 6 Cargo Terminal , IGI Airport , New Delhi - 110037 ( Formerly known as Delhivery Private Limited ) CIN : L63090DL2011PLC221234 +91 124 6225600 corporate@delhivery.com www.delhivery.com
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3. investment in Delhivery Financial Services Private Limited (“ DFSPL”), a wholly owned subsidiary of the Company, not exceeding Rs. 50 crores (Rupees Fifty crores) in one or more tranches. The details of the proposed investment, as required pursuant to the Master Circular, is enclosed as “Annexure-B”. The meeting of the Board of Directors commenced at 01:30 P.M. (IST) and concluded at 03:45 P.M. (IST). The outcome of the board meeting is also being uploaded on the Company's website i.e. www.delhivery.com. You are requested to take this on record. Thank you. Yours sincerely For Delhivery Limited Madhulika Rawat Company Secretary & Compliance Officer Membership No.: F8765 Encl: As above
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Annexure-A Disclosure(s) of information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular no. HO/49/14/14(7)2025 -CFD- POD2/I/3762/2026 dated January 30, 2026 Sl. Particulars Details 1. Name of Director Mr. Sahil Barua (DIN: 05131571) Mr. Kapil Bharati (DIN: 02227607) 2. Reason for change viz. appointment, re- appointment, resignation, removal, death or otherwise Re-appointment of Mr. Sahil Barua as Managing Director and Chief Executive Officer of the Company for a period of 5 years, subject to approval of the shareholders. Re-appointment of Mr. Kapil Bharati as Whole -time Director (Executive Director and Chief Technology Officer) of the Company for a period of 5 years, subject to approval of the shareholders. 3. Date of appointment, re-appointment, cessation and terms of appointment October 13, 2026 Term: For a period of 5 years with effect from October 13, 2026. i.e., from October 13, 2026 to October 12, 2031. October 13, 2026 Term: For a period of 5 years with effect from October 13, 2026. i.e., from October 13, 2026 to October 12, 2031. 4. Brief Profile (In case of appointment) Mr. Sahil Barua holds a bachelor’s degree in Mechanical Engineering from the National Institute of Technology Karnataka, Surathkal and a Post Graduate Diploma in Management from the Indian Institute of Management Bangalore. He has played a crucial role in shaping the long-term vision and strategy of the Company. His contributions have been invaluable in steering the Company towards its goals. Over the past more than a decade, he has been a key figure in the Company’s growth journey, consistently driving progress and innovation. His leadership has significantly impacted the Company’s success and developme nt. Under his leadership, the Company achieved net profitability in the financial year 2025- 26, validating its long -term business model. He was previously associated with Bain & Company India Private Limited as Consultant. Mr. Kapil Bharati holds a bachelor’s degree in technology (Mechanical Engineering) from the Indian Institute of Technology, Delhi. He leads the Technology and Data Science divisions, providing overall technical direction to the organisation and building a global technology and data platform to provide real -time insights for businesses and decision support systems for logistics and supply chain players around the world. His leadership has significantly impacted the Company’s success and development. He was F ounder and Chief Technology Officer of Athena Information Solutions Private Limited and Senior Manager, Technology at Sapient and Publicis Sapient.
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5. Disclosure of relationship between directors (In case of appointment) Not related to any Director of the Company. Not related to any Director of the Company.
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Annexure-B SI. Particulars Details 1 Name of the target entity, details in brief such as size, turnover etc.; Delhivery Financial Services Private Limited (“DFSPL”) DFSPL was incorporated on January 16, 2026 with a paid-up share capital of Rs. 12 crores. 2 Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”; Yes, DFSPL is the wholly -owned subsidiary of the Company. The investment will be done at arm's length basis. There are no identifiable promoters in the Company. 3 Industry to which the entity being acquired belongs; Non-banking financial company 4 Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity); This investment is to fund the operational and business requirements of DFSPL. 5 Brief details of any governmental or regulatory approvals required for the acquisition; There are no governmental or regulatory approvals required prior to the completion of the acquisition. 6 Indicative time period for completion of the acquisition; As per the requirement of DFSPL from time to time. 7 Consideration - whether cash consideration or share swap or any other form and details of the same; Cash Consideration 8 Cost of acquisition and/or the price at which the shares are acquired; Up to Rs. 50 Crores (Rupees Fifty Crores) in one or more tranches. 9 Percentage of shareholding / control acquired and / or number of shares acquired; The Company holds 100% share capital in DFSPL. Post aforesaid investment, the shareholding of the Company in DFSPL will remain the same. 10 Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover DFSPL is a wholly owned subsidiary of Delhivery Limited, which was incorporated on January 16, 2026. The main objective of DFSPL is to carry on the business of non-banking finance activities.
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Deloitte Chartered Accountants 7th Floor Building 10 Tower B Haskins & Sells LLP DLF Cyber City Complex DLF City Phase II Gurugram-122 002 Haryana, India j)y s~ Tel: +91 124 679 2000 Fax: +91 124 679 2012 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF DELHIVERY LIMITED 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of DELHIVERY LIMITED ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net loss after tax and total comprehensive loss of its associate for the quarter ended June 30, 2026 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the LODR Regulations"). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (!CAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a_s amended, to the extent applicable. 4. The Statement includes the results of the following entities as mentioned in Annexure 1. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We did not review the financial results of 12 subsidiaries included in the consolidated unaudited financial results, whose financial results reflect total revenues of Rs. 21.44 million for the quarter ended June 30, 2026, total loss after tax of Rs. 64.21 million for the quarter ended June 30, 2026 and total comprehensive loss of Rs. 54.86 million for the quarter ended June 30, 2026, as considered in the Statement. The consolidated udited financial results also includes the Group's share of loss after tax of Rs.29.97 Regd. Office: One n ernational Center, Tower 3, 31st floor, Senapati Ba pat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: MB-8737
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Deloitte Haskins & Sells LLP million for the quarter ended June 30, 2026 and total comprehensive loss of Rs. 18.51 million for the quarter ended June 30, 2026, as considered in the Statement, in respect of one associate, whose financial results have not been reviewed by us. These financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and associate, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of these matters . Place: Gurugram Date: August 08, 2026 For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) ~ Vikas Khurana Partner Membership No. 503760 UDIN: 2 (,'So 31CokPTYl.le Tl:.?. S
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Deloitte Haskins & Sells LLP Annexure 1 S.No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 ··- =--- :;sK ,~ .. ~~ Chartorod ~ l Accountant& ;; " 0 ..... 6) 0 "' Name of the Entity Delhivery Limited Delhivery Cross Border Services Private Limited Delhivery USA LLC Delhivery Corp Limited, London, United Kingdom (till June 9, 2025) Delhivery HK Pte. Ltd. Orion Supply Chain Private Limited Delhivery Freight Services Pvt Ltd Delhivery Singapore Pte. Ltd Ecom Express Limited (w.e.f July 18, 2025) Algorhythm Tech Private Limited Delhivery Robotics LLC Delhivery Financial Services Private Limited (w.e.f. January 16, 2026) Delhivery Logistics (Shenzhen) Company Limited Delhivery Bangladesh Logistics Pvt. Ltd (till September 27, 2025) Delhivery Robotics India Private Limited Delhivery UK Limited (w .e.f. January 15, 2026) Delhi very Fintech Distribution Private Limited (w .e.f. June 02, 2026) Falcon Autotech Private Limited Relationship The Parent Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Associate
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S. No. I II III IV V VI VII VIII IX X XI XII XIII XIV xv XVI XVII XVIII XIX Delhivery Limited CIN: L63090DL201 IPLC221234 Regd. Office: N24-N34, S24-S34, Air Cargo Logistics Centre-II, Opposite Gate 6 Cargo Tem1inal, JG! Airport, New Delhi 110037 IN E-mail: corporateaffairs@delhivery.com; Website: www.delhivery .com Statement of Consolidated Unaudited Financial Results for the quarter ended June 30, 2026 (All amounts in Indian Rupees in millions, except per equity share data) Particulars Quarter ended Year ended June 30 2026 Morch 31 2026 June 30, 2025 March 31 2026 Unaudited Unaudited • Unaudited Audited (refer note 7) Revenue from operations 29,307.30 28,499.99 22,940.01 105,083.07 Other income 1,141.13 594.18 1,298.93 3,586.48 Total Income (I+II) 30,448.43 29,094.17 24,238.94 108,669.55 Expenses Freight, handling and servicing costs 21,521.62 20,056 .09 16,377.88 74,658.78 Employee benefits expense 4,289.64 4,166.23 3,526.59 16,045.58 Finance costs 337.90 340.53 340.10 1,441.07 Depreciation and amortisation expense 1,892.35 1,832.82 1,474.63 6,954.39 Other expenses 2,074.49 2,135.37 1,547.29 7,978.74 Total Expenses 30,116.00 28,531.04 23,266.49 107,078.56 Profit before share of net profiU(loss) of investments accounted for using the equity method, 332.43 563.13 972.45 1,590.99 exceptional items and tax (III-IV) Share ofprofiU(loss) of associate (net) (29.97) 94.72 (75.69) 71.77 Profit before exceptional items and tax (V+VI) 302.46 657.85 896.76 1,662.76 Exceptional items (refer note 3) 15.00 - (258.56) Profit before fox (VII+VIII) 302.46 672.85 896.76 1,404.20 Tox expense : Current tax 0.52 - 2.13 Deferred tax charge/( credit) (16.60) (51.64) (13.70) (123.33) Total tax expense (16.60) (51.12) (13.70) (121.20) Profit for the period/year (L"'<-X) 319.06 723.97 910.46 1,525.40 Other Comprehensive Income/(Loss) a) Items that will not be reclassified to statement of profit and loss - Re-measurement gains/(losses) on defined benefit plans (15.68) 85.80 (0.43) 126.26 - Income tax relating to items that will not be reclassified to profit and loss . . . - Share of other comprehensive income/(loss) of associate (net) . 5.29 (0.01) 5.38 b) Items that will be reclassified to statement of profit ond loss • Exchange difference s on translation of foreign operations 5.34 15.43 1.74 48.68 • Income tax relating to items that will be re-classified to profit and loss . . • Share of other comprehensive income/(loss) of associate (net) 11.46 (0.60) . (0.60) Total Other Comprehensive Income for the period/year (a+b) 1.12 105.92 1.30 179.72 Total Comprehensive Income for the period/year (XI+XII) 320.18 829.89 911.76 1,705.12 ProfiU(Loss) for the period/ year attributable to: Owners of the parent 319.06 723.97 910.46 1,526.76 Non-controlling interest . . . (1.36) Other comprehensive income/(loss) for the period/year attributable to: Owners of the parent 1.12 105.92 1.30 179.72 Non-controlling interest• . . - (0.00) Total comprehensive income/(loss) for the period/year attributable to (XIV+XV): Owners of the parent 320.18 829.89 911.76 1,706.48 Non-controlling interest . . - (1.36) Paid up equity share capital (face value f 1 per share) 748.85 748.61 746.28 748.61 Other Equity 96,120 .94 Earning per equity share (t) .. Basic 0.43 0.97 1.22 2.04 Diluted 0.42 0.95 1.20 2.00 *Amount less than Rs. 10,000 •• Earning per share is not annualized for quarter ended. See accompanying notes to the consolidated unaudited financial results.
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Delhivery Limited Notes to the Statement of Consolidated Unaudited Financial Result, for quarter ended June JO, 2026: The consolidated financial results ofDolhivery Limited ("the Compllll)'"f'the Po.rent") nnd its 14 subsidinries (tocether referred to as 1the Group") has been prepared in accordance with the recognition rind measurement principles la.id down in tho Indinn Accounting StandRrd 34 "lnlerim Financial Reporting" C-Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder Md other accounting principles generally accepted in India and in terms of Regulation 33 of the SEBI (Listing Obligations nnd Disclosure Requirements) Regulations 2015, as amended ("the LODR RegulationsM). The said consolidated unBudited finllnciol resuJts represent results of the Group and its shllJ'e in I o.ssociate ns reviewed by the Audit Committee, have been approved by Board of Directors at its meeting held on August 08, 2026. The primary reporting of the Group has been perfonned on the basis of business segment. Based on the Mmanagement approach" as defined in Ind AS 108 ~ Operating Segments, the Chief Operaling Decision Maker ('CODM') i.e. Chief Executive Officer of the Company, being the CODM hos evaluated the Group's performlll'lce at an overall level as one segment which is 'I,.ogistics Services' that includes warehousing, last mile logistics, designing end deploying logistics management sys1ems, logistics wid supply chain consulting/advice. inbound/procurement suppon and operates in a single business segment based on the nature of the services, the risks md returns. the organization structure and the internal financial reporting systems. Accordingly, the figures appearing in these consolidated finam::ia1 resulls relate lo the Group's single business segmenl The Group h~ significant operations bo.sed in India, hence there we no reportable geographical segments in consolidated finBncial results. Eitcptionul Items Includes: Particulars Fair value profit/(loss) on investment ot fair value through profil or loss Impact of Labour Codes• Jtine 30, 2016 Ui-iaudited • Quarter ended March 31 1016 UnJudited (ftfer note 7) 15.00 15.00 (All amounts in Indian Rupees in millions) June JO 2015 Unaudited Year ended March 31 2026 Audited (50.00) (208.56) (258.561 •Toe Government of India, with effecl from November 21, 2025, notified the Code on Social Security, 2020; the Occupntional Safety, Health w1d Working Conditions Code 2020; ~1c Industrial Relations Code, 2020; and the Code on Wages, 2019 (collectively, the "Labour Codes"), Ylith the corresponding rules notified on May 08, 2026. The Labour Codes replace the eKisting central labour legislations. Certain provisions of the Labour Codes ore yet to be notified; based on the Company's assessment, the provisions cunently in force do not have a material impact on the financial results of the Group. The Group hos assessed the financial implications of these changes which hes resulted in increase in gratuity liability arising out ofpasl service cost and increase in leave liability by Rs. 208.56 million. Considering the impact arising out ofwi enactment of ~1e new legislation is an even1 of non-recurring nature, the Group has presented this incremental amount as "Impact of Labour Codes" under "Exceptional II ems" in the consolidated financial resu!Ls for the year ended March 31, 2026. The Group continues to monitor the developments pertaining lo Labour Codes w1d will evaluate impact, if any, on the mensuremcnt of liability pertaining to employee benefits. Similarly, various State Governments have also notified lheir own legislations pertaining to gig and platform work: however, the notification of the rules in respect of such state legislotions remain pendinc, except for the Stale ofKamataka, where the rules have been notified on November 19, 2025. The operationaliscd state legislations as of June 30, 2026 (i.e .• ofKarnalaka), does not huve a material impact on the financial results of the Group. The financial impact, if any, of the remaining provisions will be assessed upon notification of the relevant rules and regulations. During the qullrter ended June JO, 2026, the Complll1y has granted 39,3 7,242 slock options under vnrious stock option pion, o.s npproved by Board of Directors, lo the eligible employees of the Company and its subsidiaries. Further 2,40,016 stock options were exercised during the quarter ended June 30, 2026. The Board of Directors of the Company in its meeting held on February 02, 2024 approved e Scheme of Amalgamation between Spoton Logistics Privete Limited, Spoton Supply Cho in Solutions Private limited and the Company under section 23()..232 of the Companies Act 2013. ("Scheme"'). The Hon'ble National Compwiy Law Tribunal (NCLT) approved the Scheme vide its order dated March 20, 2026 ("Order"). In accordance with the Scheme and Order, the Appoin1ed Date is April 01, 202S. TI1e Compan)' filed the certified true copy of the Order with the Regislrar of Companies on May 01 , 2026 ("Effective Dale"). The Scheme came into effect on tJ1e Effective Dale and is opere1ive from the Appointed Dole, according!)' the inipncl of the merger has been given in the consolidated financial results with effect from April 01, 2025. Pursuant to the approval of the Board of Direclors on April 05, 202S, for the acquisition of shares of Ecom Express Limited ("Ecom"), the Company has subsequently completed the acquisition of 99.87% of Ecom's issued and paid-up share capital on o. fully diluted bnsis for o purchase considerntion of approximately Rs. 13.696.36 rJUl\ion. Consequently, Ecom has become o subsidiary of the Comp1111y with effect from July 18. 2025. Further, the Company acquired tho remaining shares constituting 0.13% of stake, mnking Ecom a wholly-owned subsidiary with effecl from December 10, 2025. Ecom is Wl end-to-end lechnology enabled logistics solutions provider, This acquisition aims to enhance Company's sen.le, thereby strengthening its vnlue proposition to clients. The purchase price allocation (PPA) and fair values are as follows: (All amounts in Indian Rupees in millions) Particulars Amounl Purchase consideration ll ;696.36 Add/(Less): Fair Value of Assets and Liabilities acquired Brand (205.00) Cus1omer Relationships (1,047.00) Other Identified assets (net ofliabilities) (2,342.03) Add: Deferred Tnx Liability on intangible assets recognised in consolidalcd finnncilll statements 315.13 Goodwill 10,417.46 The excess of the purchase price over the fair value of the acquiree net assets WllS recorded as goodwill. The useful lives of the acquired intangible assets were assigned as follows: Cus1omer relationship (5 years) and Brand (4 years). Figures ror 1he fourlh quar1er being the balancing figures between audited figures in respect of U1e full financial ycnr and the published year to dole figures upto the third quarter of U1c previous financinJ year, The unmodified consolidaled financial results for the quarter ended June 30, 2026, are available on the BSE Limited website (URL: www.bscindia.com), the National Stock Exchange of India Limited website (URL: www.nseindia.com) and on the CompWl)''s website (URL htlps://www.dclhivery.com/company/mvcstor-relations). Place: Gurugram Dote : August 08, 2026 For and on behalf or Board of Diretlon of Delhivcry Limited si . Managing Director and Chief Executive officer
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Deloitte Haskins & Sells LLP Chartered Accountants 7th Floor Building 10 Tower B DLF Cyber City Complex DLF City Phase II Gurugram-122 002 Haryana, India Tel: +91 124 679 2000 Fax: +91 124 679 201 2 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF DELHIVERY LIMITED 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of DELHIVERY LIMITED ("the Company"), for the quarter ended June 30, 2026 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations , 2015, as amended ("the LODR Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (!CAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. Our conclusion on the Statement is not modified in respect of this matter. Place: Gurugram Date: August 08, 2026 For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) ✓~~~ Vikas Khurana Partner Membership No. 503760 UDIN: i G .503 16'0 PR.Ci AOL5 91/ Regd. Office: One International Center, Tower 3, 31st floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737
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S. No. I II Ill IV V VI vu VIII IX X XI XU Xlll XIV Delhivery Limited CIN: L63090DL2011PLC221234 Regd. Office: N24-N34, S24-S34, Air Cargo Logistics Centre-II, Opposite Gale 6 Cargo Terminal, !GI AllJ)ort, New Delhi 11003 7 IN E-mail: corporateaffairs@delhivery.com; Website: www.delhivery.com Statement of Standalone Unaudited Financial Results for the quarter ended June 30, 2026 (All amounts in Indian Rupees in millions, except per equity share data) Particulars Quarter ended Year ended June30 2026 March 31 2026 June30 2025 March 31 2026 Unaudited Unaudited Unaudited Audited (refer note 7) (refer note 5) Revenue from operations 27,296.67 26,716.69 21,447.78 98,474.87 Other income 1,165.02 503.00 1,328.56 3,546.50 Total Income (1+11) 28,461.69 27,219,69 22,776.34 102,021.37 Expenses Freight, handling and servicing costs 19,442.28 18,177.67 14,904.36 67,985.62 Employee benefits expense 4,129.25 3,992.36 3,409.64 14,957.53 Finance costs 321.99 326.18 339.53 1,357.20 Depreciation and amortisation expense 1,812.41 1,813.05 1,497.19 6,677.65 Other expenses 1,973.77 2,162.69 1,508.95 7,612.11 Total Expenses 27,679 .70 26,471.95 21,659.67 98,590.11 Profit before exceptional items and tax (Ill-IV) 781.99 747.74 1,116.67 3,431.26 Exceptional items (refer note 3) 15.00 - (253.61) Profit before tu (V+VI) 781.99 762.74 1,116.67 3,177.65 Tax expense : Current tax - - Deferred tax charge/(credit) (35.23) (13.70) (76.62) Tota I tax expense (35.23) (13.70) (76.62) Profit for the period/year (VII-VIII) 781.99 797.97 1,130.37 3,254.27 Other Comprehem1ivc Income/{Lon) a) Items that will not be reclassified to statement of profit and loss in sub.!lequent periods - Re-measurement gains/(losses) on defined benefit plans (13.61) 83.64 (1.09) 125.25 - Income tax relating to items that will not be reclassified to profit and loss - b) Items that will be rccla.!lsified to statement of profit and los, in subsequent periods - Exchwige differences on translation of foreign operations - - - Income tax relating to items that will be re-classified to profit and loss - To1al Other Comprehensive Income/(Los,) for the period/year (o+b) (13.61) 83,64 (1.09) 125,25 Total Comprehensive Income for the period/year (IX+X) 768.38 881.61 1,129.28 3,379.52 Paid up equity share capital (face value, I per share) 748.85 748.61 746.28 748.61 Other Equity 99,857.34 Earning per equity shore (f) • Basic 1.04 1.07 1.52 4.36 Diluted 1.02 1.04 1.49 4.27 • Ewning per share is not annualized for quarter ended. Sec accompanying notes to the standalone unaudited fl11at1cia/ results,
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Delhivery Limiled Noles to the Stntcmcnt of Standalone Unaudited Financial Results for quarter ended June 30, 2026 : The standalone financial results has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting 11 (''Ind AS 3411 ), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accou nting principles generally accepted in India and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended ("the LODR Regulations") . The standalone unaudited financial results as reviewed by the Audit Committee, have been approved by Board of Directors at its meeting held on August 08, 2026. 2 In accordance with Ind AS l 08, Operating Segments, the Chief Executive Officer - acting ns the Chief Operating Decision Maker ('CODM), evaluates the Company's performance on an overall basis under a single business segment i.e. Logistics Services . This segment encompasses warehousing, last-mile logistics, logistics management systems design and deployment. supply chain consulting, and inbound/procurement support. Perfonnance is monitored as a unified segment based on the nature of services, risk and return profiles, organizational structure, Ellld internal financial reporting. Consequently, the standalone financial results reflect a single operating segment. Furthermore, as the Company's operations are primarily based in India, there are no separate reportable geographical segments. • Exceptional Items includes: (All amounts in Indian Rupees in millions) Particulars Quar1er ended Year ended June JO, 2026 March JI, 2026 June 30, 1025 Morch JI 2026 Fair value profit/(loss) on investment at fair value through profit or loss Impact of Labour Codes• Unaudited Unaudited (refer note 7) 15.00 15.00 Unaudited (refer note 5) Audited (50.00) (203.61) (253.61) •Toe Government of India, with effect from November 21, 2025, notified the Code on Social Security, 2020; the Occupational Safety, Health and Working Conditions Code 2020; the Industrial Relations Code, 2020; and the Code on Wages, 2019 (collectively, the "Labour Codes"), with the corresponding rules notified on May 08, 2026. The Labour Codes replace the existing central labour legislations. Certain provisions of the Labour Codes are yet to be notified; based on the Company's assessment, the provisions currently in force do not have a material impact on the financial results of the Company. The Company has assessed the financial implications of these changes which has resulted in increase in gratuity liability arising out of past service cost and increase in leave liability by Rs. 203.61 million. Considering the impact arising out of an enactment of the new legislation is an event of non-recurring nature, the Company has presented this incremental amount as "Impact of Labour Codes" under "Exceptional Items" in the standalone financial results for the year ended March 31, 2026. The Company continues lo monitor the developments pertaining to Labour Codes and will evaluate impact, if any, on the measurement of liability pertaining to employee benefits. Similarly, various State Governments have also notified their own legislations pertaining to gig and platform work; however, the notification of the rules in respect of such state legislations remain pending, except for the State ofKamataka, where the rules have been notified on November 19, 2025. The operationalised state legislations as of June 30, 2026 (i.e., ofKamataka), does not have a material impact on the financial results of the Company. The financial impact, if any, of the remaining provisions will be assessed upon notification of the relevant rules and regulations. 4 During the quarter ended June 30, 2026, the Company hes granted 39,37,242 stock options under various stock option plan, as approved by Board of Directors, to the eligible employees of the Company and its subsidiaries. Further 2,40,016 stock options were exercised during the quarter ended June 30, 2026. The Board of Directors of the Company in its meeting held on February 02, 2024 approved a Scheme of Amalgamation between Spoton Logistics Private Limited, Spoton Supply Chain Solutions Private Limited and the Company under section 230-232 of the Companies Act 2013. ("Scheme"). The Hon'ble National Company Law Tribunal (NCLTI approved the Scheme vide its order dated March 20, 2026 ("Order") . In accordance with the Scheme and Order, the Appointed Date is April 01, 2025. The Company filed the certified true copy of the Order with the Registrar of Companies on May 01, 2026 ("Effective Date"). The Scheme came into effect on the Effective Date and is operative from the Appointed Date, accordingly the impact of the merger has been given in the standalone fimmcial results with effect from April 01, 2025. The comparative financial information of the Company for the quarter ended June 30, 2025 have been restated to comply with Ind AS 103. Pursuant to the approva l of the Board of Directors on April 05, 202S, for the acquisition of shares of Ecom Express Limited ("Ecom") , the Company has subsequently completed the acquisition of 99.87½ of Ecom's issued and paid~up share capital on a fully diluted basis for a purchase consideration of approximately Rs. 13,696.36 million. Consequently, Ecom has become a ,ubsidiory of the Company with effect from July 18, 202S. Further, the Company acquired the remaining shares constituting 0.13% of stnke, making Ecom a wholly-owned subsidiary with effect from December 10, 2025. Figures for the fourth quarter being the balancing figures between audited figures in respect of the full financial year and the restated year to date figures (refer note 5 above) upto the third quarter of the previous financial year. The unmodified standalone financial results for the quarter ended June 30, 2026, arc available on the BSE Limited website (URL: www.bseindia.com), the National Stock Exchange oflndia Limited website (URL: www.nseindia .com) and on the Company 's website (URL: https://www.delhivery.com/company/investor-rclations) . For And on behalf or Bonrd of Director, of Place : Gurugram ~"'""'~ Sahil Barua Date : August 08, 2026 Managing Director and Chief Executive officer