Mahindra Logistics Q1 F27 Revenue Jumps 23% YoY to ₹2,003 cr, PAT at ₹25.4 cr
Mahindra Logistics reported Q1 F27 consolidated revenue of ₹2,003 crore, up 23% YoY. EBITDA was ₹115 crore, up 51% YoY. PAT stood at ₹25.4 crore compared to ₹(10.8) crore in Q1 F26. Mr. Hemant Sikka, MD & CEO, highlighted strong growth and improved business fundamentals.
The substantial year-on-year revenue and profit growth, coupled with positive management commentary on future strategy and market positioning, are likely to have a significant positive impact on investor sentiment and the company's stock performance.
The company reported significant year-on-year growth in revenue and EBITDA, along with a return to profitability, indicating strong operational performance and strategic execution. Management commentary also reflects optimism about future growth and market position.
Mahindra Logistics Limited (MLL) announced its unaudited consolidated financial results for the first quarter ended 30 June 2026, reporting a significant year-on-year growth. The company's revenue for Q1 F27 reached ₹2,003 crore, marking a 23% increase compared to the same period last year and a 12% increase sequentially. EBITDA for the quarter stood at ₹115 crore, showing a 51% YoY growth and a 3% QoQ growth. Profit After Tax (PAT) continued its upward trend for the fourth consecutive quarter, reported at ₹25.4 crore, a substantial improvement from ₹(10.8) crore in Q1 F26 and ₹20.2 crore in Q4 F26. Diluted Earnings Per Share (EPS) were ₹2.55, compared to ₹(1.44) in Q1 F26 and ₹2.03 in Q4 F26.
The Contract Logistics Business demonstrated robust performance, growing 26% YoY with a 31% EBITDA growth, attributed to operating efficiencies, cost discipline, improved customer profitability, and operating leverage. The Express Business saw a 58% YoY and 10% QoQ growth, driven by volumes and yield, leading to improved gross margins and EBITDA for the fourth consecutive quarter. The Last Mile Delivery business reported an EBITDA improvement to ₹2.6 crore from a loss of ₹0.5 crore in Q1 F26. However, this segment degrew 16% YoY due to a strategic recalibration to prioritize profitable customers amidst pricing and cost pressures. The Mobility business expanded by 38% YoY, primarily due to new additions in the B2B segment, with EBITDA growing by 8%. MLL managed 21.9 million square feet of warehouse space, an increase of 1.52 million square feet from the previous quarter.
Mr. Hemant Sikka, Managing Director and CEO of Mahindra Logistics Ltd., commented on the performance, stating, "Q1 F27 reflects the continued momentum of our transformation journey evolving into a growth journey. Strong revenue growth, a return to healthy profitability, and improved business fundamentals demonstrate the impact of disciplined execution, sharper customer-level economics, and a relentless focus on operational excellence." He highlighted the strength in the Contract Logistics business, the turnaround in the Express business, and sustained operational efficiency. He also noted the scaling of the e-commerce and quick commerce business. The company remains focused on profitable growth, intelligent scale, superior customer experience, and its vision to become India's #1 logistics services provider through technology-led solutions. The Board of Directors approved these unaudited financial results at a meeting held on Monday, 20 July 2026.
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