Integrated Filing — IndAS



General information about company

Scrip Code 543529
NSE Symbol DELHIVERY
MSEI Symbol NOTLISTED
ISIN INE148O01028
Name of company DELHIVERY LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 05-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 29-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Logistic
Start date and time of board meeting 05-11-2025   13:45:00
End date and time of board meeting 05-11-2025   16:20:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 2,55,932.10 4,85,332.20
Other income 9,221.50 22,210.80
Total income 2,65,153.60 5,07,543.00
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 42,558.50 77,824.40
(e) Finance costs 3,885.80 7,286.80
(f) Depreciation, depletion and amortisation expense 17,811.10 32,557.40
(f) Other Expenses
1 Freight, Handling and Servicing Costs 1,84,288.60 3,48,067.40
2 Other expenses 22,268.10 37,741.00
Total other expenses 2,06,556.70 3,85,808.40
Total expenses 2,70,812.10 5,03,477.00
3 Total profit before exceptional items and tax (5,658.50) 4,066.00
4 Exceptional items 0.00 0.00
5 Total profit before tax (5,658.50) 4,066.00
6 Tax expense
7 Current tax 0.70 0.70
8 Deferred tax (273.50) (410.50)
9 Total tax expenses (272.80) (409.80)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (5,385.70) 4,475.80
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 336.40 (420.50)
16 Total profit (loss) for period (5,049.30) 4,055.30
17 Other comprehensive income net of taxes 632.80 645.80
18 Total Comprehensive Income for the period (4,416.50) 4,701.10
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent (5,037.60) 4,067.00
Total profit or loss, attributable to non-controlling interests (11.70) (11.70)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (4,404.80) 4,712.80
Total comprehensive income for the period attributable to owners of parent non-controlling interests (11.70) (11.70)
21 Details of equity share capital
Paid-up equity share capital 7,474.10 7,474.10
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.68 0.54
Diluted earnings (loss) per share from continuing operations -0.68 0.53
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.68 0.54
Diluted earnings (loss) per share from continuing and discontinued operations -0.68 0.53
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. One of the Companys wholly owned subsidiary Spoton Logistics Private Limited had recorded goodwill in its books of account upon amalgamation of Vankatesh Pharma Private Limited the transferor Company and Spoton Logistics Private Limited the Transferee Company. The scheme of amalgamation was approved by the NCLT vide its order dated November 27 2019 with an appointed date of August 30, 2018 and a certified copy has been filed by the transferee Company with the Registrar of Companies Gujarat on January 10 2020. In accordance with the scheme approved by the NCLT the Group amortised Goodwill over a period of 5 years in unaudited Consolidated Financial Results for which accounting treatment is different from the accounting treatment prescribed under Accounting Standard Ind AS 103 on Business Combinations. Accordingly, the aforesaid Goodwill has been fully amortised in the books of account during the quarter ended on September 30 2023. If amortisation of goodwill had not been done in the financial results, Goodwill & Other equity balance would have been higher by Rs. 881.01 million as on September 30, 2025. 2. Pursuant to the approval of the Board of Directors on April 5, 2025, for the acquisition of shares of Ecom Express Limited Ecom, the Company has subsequently completed the acquisition of 99.87 percent of Ecoms issued and paid-up share capital on a fully diluted basis for a purchase consideration of approximately Rs. 13696.36 million. Consequently, Ecom has become a subsidiary of the Company with effect from July 18 2025. 3. 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 and Spoton Supply Chain Solutions Private Limited and the Company under section 230-232 of the Companies Act 2013. The scheme been filed with Honble National Company Law Tribunal NCLT and is currently pending approval. Pending receipts of the regulatory approvals no effect of the proposed merger has been given in the consolidated financial results for the year ended September 30 2025. The Company shall account for the merger in accordance with the applicable Indian Accounting Standards once the scheme is effective. 4. The unmodified consolidated financial results for the quarter and half year ended September 30, 2025, are available on the BSE Limited website, the National Stock Exchange of India Limited website and on the Companys website.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 3,01,904.20
Capital work-in-progress 2,515.70
Investment property 0.00
Goodwill 2,31,331.10
Other intangible assets 15,901.40
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 32,366.30
Non-current financial assets
Non-current investments 82,616.50
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 66,232.40
Total non-current financial assets 1,48,848.90
Deferred tax assets (net) 0.00
Other non-current assets 40,657.00
Total non-current assets 7,73,524.60
2 Current assets
Inventories 3,042.00
Current financial asset
Current investments 1,48,420.10
Trade receivables, current 1,49,571.40
Cash and cash equivalents 35,546.50
Bank balance other than cash and cash equivalents 4,424.30
Loans, current 342.70
Other current financial assets 1,28,928.10
Total current financial assets 4,67,233.10
Current tax assets (net) 0.00
Other current assets 26,121.00
Total current assets 4,96,396.10
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 12,69,920.70
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 7,474.10
Other equity 9,45,425.80
Total equity attributable to owners of parent 9,52,899.90
Non controlling interest 28.20
Total equity 9,52,928.10
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1,31,594.80
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 0.00
Total non-current financial liabilities 1,31,594.80
Provisions, non-current 7,996.60
Deferred tax liabilities (net) 3,507.00
Deferred government grants, Non-current 0.00
Other non-current liabilities 0.00
Total non-current liabilities 1,43,098.40
Current liabilities
Current financial liabilities
Borrowings, current 32,556.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 115.90
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1,11,143.10
Total Trade payable 1,11,259.00
Other current financial liabilities 14,246.60
Total current financial liabilities 1,58,061.60
Other current liabilities 12,105.10
Provisions, current 3,705.20
Current tax liabilities (Net) 22.30
Deferred government grants, Current 0.00
Total current liabilities 1,73,894.20
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 3,16,992.60
Total equity and liabilites 12,69,920.70
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block

Textual Information(1) 1 PPE includes tangible asset of 15562.05 Mns and Rights of use asset 14628.37 Mn 2 Other Non current assets Non Current Tax assets net 3873.01 Mn and Other non current assets 192.69 Mn 3 Non current Borrowings includes Lease liability 12964.46 Mns 4 Current Borrowings includes Lease liability 2855.74 Mns



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement gains/(losses) on defined benefit plans 402.50 398.20
2 Income tax relating to items that will not be reclassified to profit and loss 0.00 0.00
3 Share of other comprehensive income of associate (net) 0.90 0.80
Total Amount of items that will not be reclassified to profit and loss 403.40 399.00
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences on translation of foreign operations 229.40 246.80
Total Amount of items that will be reclassified to profit and loss 229.40 246.80
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 632.80 645.80



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 4,066.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 6,849.50
Adjustments for decrease (increase) in inventories (1,394.10)
Adjustments for decrease (increase) in trade receivables, current (11,358.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (1,167.00)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (1,637.30)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 8,540.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (1,829.20)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 32,557.30
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (1,154.50)
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 10,775.10
Adjustments for share-based payments 4,975.40
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (9,417.90)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 8,598.20
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 22,787.30
Net cash flows from (used in) operations 26,853.30
Dividends received 0.00
Interest paid (409.30)
Interest received 0.00
Income taxes paid (refund) 5,800.70
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 21,461.90
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 1,30,832.80
Other cash receipts from sales of equity or debt instruments of other entities 6,40,809.20
Other cash payments to acquire equity or debt instruments of other entities 5,37,164.60
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 829.50
Purchase of property, plant and equipment 22,039.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 13,200.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 40,931.10
Net cash flows from (used in) investing activities 5,733.40
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 91.30
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 5,385.70
Payments of lease liabilities 19,884.30
Dividends paid 0.00
Interest paid 273.40
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (25,452.10)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1,743.20
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 206.60
Net increase (decrease) in cash and cash equivalents 1,949.80
Cash and cash equivalents cash flow statement at beginning of period 33,596.70
Cash and cash equivalents cash flow statement at end of period 35,546.50