Mahindra Logistics turned a loss into a profit of Rs 25.4 crore in a year. For the quarter ended 30 June 2026, the company reported profit after tax of Rs 25.4 crore, against a loss of Rs 10.8 crore in the same quarter of the previous financial year. It was the fourth straight quarter of improvement; the figure was Rs 20.2 crore in the preceding quarter.
The company announced the unaudited consolidated results in Mumbai on 20 July 2026. Revenue came in at Rs 2,003 crore, up 23 percent on the year and 12 percent on the previous quarter. EBITDA was Rs 115 crore, up 51 percent year on year and 3 percent sequentially. Diluted earnings per share were Rs 2.55, compared with a loss of Rs 1.44 a year earlier.
Where the growth came from
Contract logistics grew 26 percent, with EBITDA up 31 percent. The company said cost discipline, better profitability at the customer level and operating leverage pushed margins up faster than revenue.
Express was the fastest mover. The business grew 58 percent on the year and 10 percent on the quarter, and the company said both gross margin and EBITDA have improved for a fourth quarter running. Mobility expanded 38 percent on new business customers, with EBITDA up 8 percent.
Last-mile delivery went the other way on revenue. It shrank 16 percent year on year, which the company called a deliberate choice to concentrate on profitable customers while pricing and cost pressures persist. EBITDA in the segment still rose to Rs 2.6 crore from a loss of Rs 0.5 crore.
Warehouse space under management reached 21.9 million square feet, 1.52 million more than the quarter before, mostly new sites for specific customers.
Managing Director and CEO Hemant Sikka said the quarter “reflects the continued momentum of our transformation journey evolving into a growth journey.” He pointed to new contract logistics customers across sectors and what he called significant progress in turning around the express business. The company’s stated aim, he said, is to become India’s number one logistics services provider through technology-led solutions.
Mahindra Logistics is a third-party logistics provider serving more than 400 corporate customers in automobiles, engineering, consumer goods and e-commerce. It is part of the Mahindra Group.
