Mahindra Logistics Q2 FY27 Revenue up 24% to ₹2,095 Cr, PAT grows 3.5x
Mahindra Logistics reported Q2 FY27 revenue of ₹2,095 crore, up 24.3% YoY. PAT grew 3.5x to ₹26 crore. Contract Logistics revenue grew 28% YoY to ₹1,688 crore. Express segment EBITDA turned positive at ₹2.3 crore. ROCE improved to 12.9% in H1FY27.
The substantial increase in revenue and PAT, along with positive EBITDA turnaround in key segments and improved ROCE, indicates a significant positive financial and operational development for the company, likely to be viewed favorably by investors.
The company reported strong year-on-year growth in revenue and a significant increase in PAT. Several business segments showed robust performance, and management commentary reflects confidence in profitable growth and operational improvements.
Mahindra Logistics Limited announced its earnings for the second quarter and half-year ended September 30, 2026. The company reported a consolidated revenue of ₹2,095 crore for Q2 FY27, marking a 24.3% year-on-year increase. Profit After Tax (PAT) saw a significant jump of 3.5 times to ₹26 crore compared to the same period last year.
The company's Contract Logistics segment recorded a revenue of ₹1,688 crore, a 28% YoY growth, driven by momentum in the Auto business and a strong pipeline. The Express segment revenue grew by 69% YoY to ₹169 crore, with a notable turnaround in EBITDA to ₹2.3 crore from a negative ₹9.1 crore in Q2 FY26. The Last Mile Delivery segment generated ₹68 crore in revenue, prioritizing profitable business. Freight Forwarding revenue stood at ₹51 crore, with improved gross margins. The Mobility segment revenue increased by 33% YoY to ₹119 crore.
Mr. Hemant Sikka, Managing Director and CEO, highlighted the strong performance driven by sharper execution and operating discipline. He noted the improvement in Return on Capital Employed (ROCE) to 12.9% in H1FY27 from 1.7% in H1FY26. The MESPL (Express business) achieved EBITDA positivity in both Q2 and H1 FY27.
The company's strategic imperatives include scaling up Contract Logistics, achieving operational excellence, leveraging technology, and turning around the Express business. Mahindra Logistics is also committed to sustainable practices, aiming for Carbon Neutrality by 2040.
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