India, Aug. 5 -- Delhivery is proving to be one of the rare listed startups to have its profitability and growth marching in lockstep.

After closing FY25 staying in profit through every quarter, the Gurugram-based logistics major has kicked off FY26 with its highest-ever quarterly profit. In the first quarter of this fiscal, its revenue scaled INR 2,294 Cr, while net profit surged nearly 68% on-year to INR 91.1 Cr, striking a fine balance between expansion and operational efficiency.

The performance matched steps with its boldest bet ever that sent the stock soaring. Delhivery acquired rival Ecom Express in an INR 1,369 Cr deal in July. On August 4, the Delhivery shares jumped 5.32% to hit a fresh 52-week high of INR 452.75, leaving bro...