Delhivery Limited — Q3 FY26
Delhivery delivered a record Q3 with revenue of ₹2,798 crore (+18% YoY) and adjusted EBITDA of ₹234 crore (8.4% margin).
bullish
high
✓ Verified against BSE filing
Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.
Q2 FY26
Integration costs materially below ₹300 crore envelope
Total integration costs for Ecom Express will be significantly lower than the original ₹300 crore estimate, with ₹90 crore incurred in Q2 and ₹100-110 crore expected over the next two quarters.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
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