Essays··8 min read
Where Delhivery's Missing Profit Went
Delhivery's Q1 FY27 results — 55% more parcels, 28% more revenue, 65% less profit — are a precise case study in what Indian logistics companies are not yet accounting for: the accumulating liability of AI pilots whose costs land whilst returns remain perpetually deferred. A small set of applications, route optimisation among them, demonstrably pay back. The rest erode the same margin line the working ones just refilled.
indian-logisticsai-investmentunit-economicsdelhivery
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