Mahindra Logistics Limited (MLL) shared its business performance at the 18th Annual General Meeting, revealing a total revenue of ₹4,744.00 crores across its business segments. The company also announced a significant rights issue of ₹749.27 crores, demonstrating its commitment to growth and expansion.

Revenue Breakdown

MLL's diverse business segments contributed to its overall revenue:

Segment Highlights

• Contract Logistics: Revenue growth driven by new account wins and improved yields.
• B2B Express: Experienced volume recovery in the second half, with network optimization setting a firmer base for future scale-up.
• Freight Forwarding: Achieved 20% year-on-year growth, expanding strategically into UK, UAE, and South-East Asia routes.
• Last-Mile Delivery: Reported exponential growth powered by eDel's EV-first fulfillment model.
• Mobility Services: Maintained stable revenues from structured commute programs and EV-based shuttle solutions.

Rights Issue Details

The company's Board of Directors approved a rights issue with the following terms:

• Issue Size: ₹749.27 crores
• Issue Price: ₹277.00 per equity share (including a premium of ₹267.00 per share)
• Entitlement Ratio: 3:8 (Three fully paid-up rights equity shares for every eight fully paid-up equity shares held)
• Record Date: July 23, 2025
• Issue Period: July 31, 2025 to August 14, 2025

Strategic Developments

Mahindra Logistics highlighted several key initiatives:

1. Expansion of physical capacity to approximately 21 million square feet across India
2. Launch of Pro-Trucking long haul cargo solution
3. Implementation of AI/ML in warehousing operations
4. Establishment of new fulfillment centers in Eastern India, including Kolkata, Guwahati, and Agartala

Financial Performance

The company's unaudited consolidated financial results for the quarter ended June 30, 2025, revealed:

• Revenue from operations: ₹1,624.59 crores
• Net loss after tax: ₹9.44 crores
• Loss per share: ₹1.50 (basic and diluted)

Outlook

Despite the quarterly loss, Mahindra Logistics remains focused on its growth strategy, emphasizing digitization, operational excellence, and integrated solutions. The rights issue is expected to strengthen the company's financial position and support its expansion plans.

As MLL continues to navigate the dynamic logistics landscape, its investments in technology, infrastructure, and sustainable practices position it to capitalize on emerging opportunities in India's evolving supply chain sector.

Mahindra Logistics Limited (MLL), a leading third-party logistics (3PL) solution provider, has released its financial results for the first quarter, showcasing a mixed performance with revenue growth accompanied by wider losses.

Revenue and EBITDA Growth

The company reported a consolidated revenue of ₹1,624.59 crore for the quarter, marking a significant increase from ₹1,420.02 crore in the same period last year. This 14.40% year-over-year growth demonstrates the company's ability to expand its operations and capture market opportunities.

Mahindra Logistics also saw an improvement in its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), which rose to ₹76.30 crore from ₹66.30 crore in the previous year. The EBITDA margin showed a slight improvement, increasing to 4.69% from 4.67% year-over-year.

Widening Losses

Despite the revenue growth, MLL faced challenges on the profitability front. The company reported a consolidated net loss of ₹10.80 crore for the quarter, compared to a loss of ₹9.32 crore in the same quarter of the previous year. This represents a 15.88% increase in net loss year-over-year.

Segment Performance

The company's financial results reveal the performance of its two main business segments:

1. Supply Chain Management: This segment generated revenue of ₹1,544.29 crore but reported a loss of ₹10.38 crore.
2. Enterprise Mobility Services: This segment contributed ₹81.85 crore to the revenue and posted a profit of ₹4.60 crore.

Balance Sheet and Financial Position

As of June 30, Mahindra Logistics reported:

Rights Issue Announcement

In a significant development, the Board of Directors has approved a rights issue of 2,70,49,301 fully paid-up equity shares with a face value of ₹10 each. The issue price is set at ₹277 per share, with a rights entitlement ratio of 3:8. The company aims to raise up to ₹749.27 crore through this rights issue, which is scheduled to open on July 31 and close on August 14.

Conclusion

Mahindra Logistics' Q1 results paint a picture of a company in expansion mode, with strong revenue growth and improved EBITDA. However, the widening losses indicate ongoing challenges, possibly related to increased operational costs or competitive pressures. The upcoming rights issue could provide the company with additional capital to fuel its growth strategies and potentially address profitability concerns in the coming quarters.

Investors and market observers will likely keep a close eye on how Mahindra Logistics utilizes the funds from the rights issue and its efforts to turn the revenue growth into improved bottom-line performance in the future quarters.