Mahindra Logistic

Mahindra Logistics Limited issued an addendum to its rights issue letter of offer, incorporating unaudited consolidated financial results for the first quarter ended June 30, 2025. The company reported total revenue from operations of ₹1,624.59 crores compared to ₹1,420.02 crores in the same period last year. However, the company posted a net loss after tax of ₹9.44 crores versus ₹7.84 crores loss in the previous year, with basic earnings per share at negative ₹1.50. The rights issue offers up to 2,70,49,301 equity shares at ₹277 per share to raise up to ₹749.27 crores, with a ratio of 3 rights shares for every 8 existing shares held. The issue opens on July 31, 2025 and closes on August 14, 2025. Additionally, the company's 18th Annual General Meeting held on July 21, 2025 saw all resolutions except one pass with requisite majority. Resolution 6 regarding the re-appointment of Independent Director Dhananjay Mungale became infructuous as he requested not to be considered for re-appointment due to professional commitments.

Mahindra Logistics Limited reported consolidated revenue of ₹1,625 crore for Q1 FY26, marking 14% year-on-year growth. The Express Business crossed ₹100 crore in revenue for the quarter. The company showed strong performance in Contract Logistics (18% growth to ₹1,289 crore), Last Mile Delivery (11% growth to ₹97 crore), and stable performance in Freight Forwarding. However, the company reported a consolidated PAT loss of ₹11 crore. Key leadership changes include the appointment of Hemant Sikka as Managing Director & CEO for a five-year term from May 2025 to May 2030, and re-appointment of Malvika Sinha as Independent Director. The company also approved a Performance Stock Unit Plan 2025 for up to 18 lakh stock units and appointed new secretarial auditors for a five-year term.

Mahindra Logistics shared its business performance at the 18th Annual General Meeting held on July 21, 2025. The company reported total revenue of ₹4,744 crores across its business segments. Contract Logistics generated ₹358 crores revenue driven by new account wins and improved yields. B2B Express recorded ₹306 crores revenue with volume recovery in the second half and network optimization. Freight Forwarding achieved ₹381 crores revenue with 20% year-on-year growth through strategic expansion into UK, UAE, and South-East Asia routes. Last-Mile Delivery reported ₹316 crores revenue with exponential growth powered by eDel's EV-first fulfillment model. Mobility Services maintained stable revenues of ₹316 crores from structured commute programs and EV-based shuttle solutions. The company announced a rights issue of ₹749.27 crores at ₹277 per equity share with a 3:8 entitlement ratio. Strategic developments include new fulfillment centers in Eastern India, launch of Pro-Trucking long haul cargo solution, embedded AI/ML in warehousing, and expanded physical capacity to approximately 21 million square feet across India.