Mahindra Logistics Limited has scheduled its 19th Annual General Meeting for Monday, 20 July 2026 at 3:30 p.m. IST via Video Conferencing. The company has fixed Friday, 10 July 2026 as the record date for a final dividend of ₹2.50 per equity share, subject to shareholder approval. The meeting will consider the re-appointment of Mr. Ameet Pratapsinh Hariani as an Independent Director and approve Material Related Party Transactions with Mahindra & Mahindra Limited up to ₹4,880 crores.

Financial Performance: Return to Profitability

Mahindra Logistics returned to consolidated profitability in FY 2025-26 after two consecutive years of losses. Consolidated revenue rose 14.65% year-on-year to ₹6,999.30 crores, while consolidated EBITDA grew 32.54% to ₹376.47 crores. The company reported a consolidated Profit After Tax (PAT) of ₹10.57 crores compared to a loss of ₹30.00 crores in the previous year. Standalone revenue increased 13.16% to ₹5,671.98 crores, with a standalone PAT of ₹43.02 crores.

Segment-wise and Subsidiary Performance

The 3PL Contract Logistics segment contributed 78.44% of total revenue, growing 15.74% to ₹5,490.32 crores. The Express Services segment grew 25.08% to ₹448.83 crores, achieving Gross Margin positivity in the second quarter. Subsidiaries contributed 18.96% of consolidated revenue. Key subsidiary Lords Freight (India) Pvt. Ltd. reported a revenue of ₹343.46 crores and a PAT of ₹7.35 crores.

Rights Issue and Balance Sheet

The company completed a Rights Issue in August 2025, raising ₹749.27 crores. Proceeds were used to repay standalone borrowings, reducing debt from ₹150 crores to nil. As on 31 March 2026, cash and bank balance and liquid investments stood at ₹271.90 crores. ICRA Limited reaffirmed the credit ratings at [ICRA]AA(Stable)/[ICRA]A1+.

AGM and Voting Details

Remote e-voting commences on Wednesday, 15 July 2026 at 9:00 a.m. IST and closes on Sunday, 19 July 2026 at 5:00 p.m. IST. The cut-off date for voting is Monday, 13 July 2026. The Integrated Annual Report for FY 2025-26 was dispatched electronically on 23 June 2026.

Mahindra Logistics Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with the stock exchanges. The report details the company's adherence to the National Guidelines on Responsible Business Conduct (NGRBC) and outlines its environmental, social, and governance (ESG) performance. The company has committed to achieving carbon neutrality by 2040 and has validated targets under the Science Based Targets initiative (SBTi) to reduce emissions.

Environmental Performance

The company reported a total energy consumption of 87,965 GJ for the financial year 2025-26, with renewable sources accounting for 6,003 GJ. The total Scope 1 and Scope 2 greenhouse gas emissions stood at 10,150 metric tonnes of CO2 equivalent, while Scope 3 emissions were reported at 5,04,392 metric tonnes of CO2 equivalent. Water consumption for the year was recorded at 50,036 kilolitres. The company’s reporting boundary includes 16 facilities, comprising company-owned fleet including 50 ICE vehicles and 1,400 electric vehicles.

Social and Governance Metrics

As of 31 March 2026, the company had a total workforce of 4,191 employees, with 439 female employees representing 10.47% of the total staff. The Board of Directors includes two women, constituting 25% of the board. The company reported a turnover rate of 31% for permanent employees during the financial year. Regarding grievances, the company received 14 shareholder complaints, of which two were pending resolution at the end of the year, and 59 customer complaints, all of which were closed.

Material Issues and Assurance

The BRSR identifies climate change, customer satisfaction, and energy efficiency as material issues. The company has implemented various mitigation strategies, including the use of electric vehicles for last-mile delivery and the installation of solar rooftop panels. SGS India Private Ltd. provided voluntary limited assurance for the report. The document was submitted to the exchanges on 23 June 2026.

Key Financial and Operational Data