Delhivery Limited announced strong financial results for the quarter and nine months ended December 31, 2025 (Q3FY26). The company reported a significant year-on-year (YoY) revenue growth of 18%, reaching ₹2,798 crore. This was driven by record volumes in its transportation businesses, with Express parcel shipments growing by 43% YoY to 295 million and Part Truckload (PTL) freight volumes increasing by 23% YoY to 507,000 metric tons. The company achieved a milestone of crossing ₹1,000 crore in Service EBITDA profits for the nine months of FY26, with Q3FY26 Service EBITDA standing at ₹421 crore (15.1% margin). Adjusted EBITDA for the quarter was ₹147 crore, matching the entire previous fiscal year's performance. Profit After Tax (PAT) was ₹110 crore before Ecom integration costs and ₹40 crore after integration costs, marking a substantial improvement compared to the previous year. Delhivery highlighted operational improvements, including sustained high volumes beyond the festive season, contract wins in Supply Chain Services (SCS), and expansion of its intra-city service, Delhivery Direct, to Mumbai and Hyderabad. The company also launched an air economy product, Delhivery International, for SME customers. Technological advancements include scaling its SaaS footprint with TransportOne and launching Freight Index One. A significant achievement was the successful completion of a test mission with autonomous VTOL drones covering 12 kilometers in 12 minutes. Management expressed confidence in maintaining profitable growth, emphasizing cost discipline and efficient network utilization. The company expects continued momentum into Q4FY26 and Fiscal Year 2027, with a focus on leveraging its cost structure advantage and expanding its salesforce. Investments in new businesses like rapid commerce are planned, with a focus on gross margin positivity and integration with the larger network.