Mahindra Logistics Limited (MLL), a leading integrated logistics and mobility solutions provider in India, has announced its financial results for the first quarter. The company reported a robust 14.4% year-on-year growth in consolidated revenue, reaching ₹1,625.00 crores compared to ₹1,420.00 crores in the same quarter last year.

Key Financial Highlights

Segment Performance

The company's growth was primarily driven by strong performances in several key segments:

1. 3PL (Third-Party Logistics): Showed significant growth, contributing to the overall revenue increase.

2. Express Business: Achieved a milestone by crossing ₹100.00 crore in quarterly revenue for the first time. The segment reported improved EBITDA and PAT, although yields remained under pressure due to evolving customer mix.

3. Last Mile Delivery (LMD): Demonstrated strong performance, supporting the overall revenue growth.

4. Freight Forwarding: Reported a modest year-on-year revenue increase, with growth moderated by ongoing geopolitical disruptions and tariff-related challenges impacting cross-border flows.

5. Mobility Business: Reported improved profitability compared to the same period last year, attributed to new client acquisitions and enhanced efficiency with quality fleet additions.

Operational Highlights

• The warehouse space under management stood at 21.1 million square feet.
• The newly inaugurated Cummins India Logistics Centre in Phaltan was recognized as Cummins' "Best Supplier of the Year - Indirect Sourcing", underscoring MLL's operational excellence and customer partnership.
• New sites in Pune and Agartala went live, reinforcing the company's footprint and improving network agility.

Management Commentary

Mr. Hemant Sikka, Managing Director and CEO of Mahindra Logistics Ltd., commented on the performance: "Our performance this quarter reflects the momentum of our shared purpose with the Express Business crossing ₹100 crore in revenue. Reflecting the direction we continue to pursue, our consolidated revenue grew 14% year-on-year, supported by good performance in 3PL, Last Mile Delivery, and the Express segments."

He further added, "Performance in the Freight Forwarding segment remained stable, while the Mobility business delivered improved profitability—driven by a sharper focus on operating discipline. Our new sites in Pune and Agartala also went live this quarter, reinforcing our footprint and improving network agility."

Future Outlook

While the company reported a net loss for the quarter, the significant revenue growth and strategic expansions indicate a positive trajectory. Mahindra Logistics continues to focus on scaling its integrated solutions ecosystem and accelerating the transition toward future readiness, positioning itself for sustainable growth in the evolving logistics landscape.

The company's emphasis on strategic execution, capability building, and network expansion is expected to drive further improvements in operational efficiency and market presence in the coming quarters.

Mahindra Logistics Limited (MLL), one of India's leading integrated logistics and mobility solutions providers, has announced its unaudited consolidated financial results for the first quarter ended June 30, 2025 (Q1 FY26). The company reported a strong year-on-year revenue growth of 14.4%, driven by robust performance across key business segments.

Financial Highlights

• Consolidated revenue stood at ₹1,625.00 crores, up 14.4% from ₹1,420.00 crores in Q1 FY25.
• EBITDA increased to ₹76.00 crores, compared to ₹66.00 crores in the same quarter last year.
• The company reported a net loss of ₹10.80 crores, slightly higher than the ₹9.32 crores loss in Q1 FY25.

Segment Performance

Supply Chain Management (SCM)

• The SCM segment, which includes Contract Logistics, Express, and Last Mile Delivery, continued to be the primary growth driver.
• The Express business achieved a significant milestone by crossing ₹100.00 crore in quarterly revenue for the first time.

Freight Forwarding

• This segment reported modest year-on-year revenue growth, despite ongoing geopolitical disruptions and tariff-related challenges impacting cross-border flows.

Mobility

• The Mobility business showed improved profitability compared to the same period last year, attributed to new client acquisitions and enhanced operational efficiency.

Operational Highlights

• The warehouse space under management expanded to 21.1 million square feet.
• New sites in Pune and Agartala became operational during Q1 FY26, reinforcing the company's footprint and improving network agility.
• The newly inaugurated Cummins India Logistics Centre in Phaltan was recognized as Cummins' "Best Supplier of the Year - Indirect Sourcing," underscoring MLL's operational excellence and customer partnership.

Management Commentary

Hemant Sikka, Managing Director and CEO of Mahindra Logistics Ltd., commented on the performance: "At Mahindra Logistics, we focus on navigating complexity with intent—mobilising our strengths, channelling collective potential, and challenging limits to drive meaningful progress together. Over the last quarter, we emphasised on strategic execution, architecting capabilities to scale our integrated solutions ecosystem and accelerate the transition toward future readiness."

He further added, "Our performance this quarter reflects the momentum of our shared purpose with the Express Business crossing ₹100.00 crore in revenue. Reflecting the direction we continue to pursue, our consolidated revenue grew 14% year-on-year, supported by good performance in 3PL, Last Mile Delivery, and the Express segments. Performance in the Freight Forwarding segment remained stable, while the Mobility business delivered improved profitability—driven by a sharper focus on operating discipline."

Rights Issue

The company also announced a rights issue of 2,70,49,301 fully paid-up equity shares at an issue price of ₹277.00 per share, aiming to raise up to ₹749.27 crores. The rights entitlement ratio is set at 3 rights equity shares for every 8 existing equity shares held. The issue is scheduled to open on July 31, 2025, and close on August 14, 2025.

As Mahindra Logistics continues to expand its integrated solutions ecosystem and focus on strategic execution, the company remains well-positioned to capitalize on the growing demand for efficient logistics and mobility solutions in India.