Mahindra Logistics Limited (MLL), a leading integrated logistics and mobility solutions provider in India, has announced its financial results for the first quarter, showcasing strong growth and strategic progress across its business segments.

Financial Highlights

Segment Performance

Contract Logistics

• Reported an 18.00% year-on-year growth with revenue reaching ₹1,289.00 crores.

B2B Express

• Achieved a significant milestone by crossing ₹100.00 crores in quarterly revenue for the first time.

Last Mile Delivery

• Revenue grew by 11.00% year-on-year to ₹97.00 crores.

Freight Forwarding

• Reported stable performance.

Operational Highlights

• The Express Business crossed ₹100.00 crore in revenue for the quarter.
• Strong performance in Contract Logistics (18.00% growth to ₹1,289.00 crore).
• Last Mile Delivery showed 11.00% growth to ₹97.00 crore.

Key Leadership Changes

• Hemant Sikka has been appointed as Managing Director & CEO for a five-year term from May 2025 to May 2030.
• Malvika Sinha has been re-appointed as Independent Director.

Other Updates

• The company approved a Performance Stock Unit Plan 2025 for up to 18 lakh stock units.
• New secretarial auditors have been appointed for a five-year term.

Mahindra Logistics continues to focus on strategic execution, scaling its integrated solutions ecosystem, and accelerating the transition toward future readiness. The company's strong performance in key segments and strategic appointments position it well for future growth in India's evolving logistics landscape.

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.