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Latest news about Mahindra Logistic

Mahindra Logistics Reports 14% Revenue Growth, Announces INR 750 Crore Rights Issue 2 hours ago Today

Mahindra Logistics Limited (MLL) reported a 14% year-on-year increase in consolidated revenue to INR 1,625.00 crores for the first quarter. The company announced a rights issue of approximately INR 750.00 crores, with INR 556.30 crores earmarked for debt repayment. The Express business crossed INR 100.00 crore revenue for the first time but recorded a loss. MLL's warehousing segment revenue grew 18% to INR 306.00 crores, and EBITDA increased to INR 76.30 crores. The company reported a net loss of INR 10.80 crores for the quarter. New CEO Hemant Sikka outlined strategic priorities including reducing warehousing white space, restructuring consumer and manufacturing verticals, and continued investment in the Express business.

Mahindra Logistics Reports 14% Revenue Growth in Q1, Express Business Crosses ₹100 Crore Milestone 3 days ago

Mahindra Logistics Reports 14.4% Revenue Growth in Q1 FY26, Express Business Crosses ₹100 Crore Milestone 3 days ago

Mahindra Logistics Reports 14% Revenue Growth in Q1, Express Business Crosses ₹100 Crore Milestone 3 days ago

Mahindra Logistics Reports ₹4,744 Crores Revenue, Announces ₹749 Crores Rights Issue 4 days ago

More news about Mahindra Logistic

21Jul 25

Mahindra Logistics Reports Q1 Revenue Growth Amid Increased Losses

Mahindra Logistics Limited (MLL) reported a 14.40% year-over-year increase in Q1 consolidated revenue to ₹1,624.59 crore. EBITDA rose to ₹76.30 crore with a slight margin improvement. However, net loss widened to ₹10.80 crore. The Supply Chain Management segment generated ₹1,544.29 crore in revenue with a loss of ₹10.38 crore, while Enterprise Mobility Services contributed ₹81.85 crore with a profit of ₹4.60 crore. The company announced a rights issue to raise up to ₹749.27 crore, offering 2,70,49,301 equity shares at ₹277 per share with a 3:8 entitlement ratio.

17Jul 25

Mahindra Logistics Unveils ₹750 Crore Rights Issue Plan, Stock Jumps 5%

Mahindra Logistics Limited (MLL) has approved a rights issue to raise approximately ₹750 crores. The issue price is set at ₹277 per share, offering a 29% discount to the current market price. The rights entitlement ratio is 3 new shares for every 8 existing shares held. The record date is July 23, 2025, with the issue opening on July 31, 2025, and closing on August 11, 2025. The total number of shares to be issued is 2,70,49,301, potentially increasing the total share count from 7,21,31,470 to 9,91,80,771 post-issue. The company's stock jumped 5% following the announcement.

11Jul 25

Mahindra Logistics Approves ₹750 Crore Rights Issue for Debt Repayment and Growth

Mahindra Logistics Limited (MLL) has announced a rights issue to raise up to ₹750 crore. The funds will be used for repayment of borrowings and general corporate purposes. The company's Board of Directors has approved the issuance of fully paid-up equity shares with a face value of ₹10 each to eligible shareholders. This move aligns with MLL's growth strategy focused on integrated solutions, expanded offerings, digitization, and operational excellence. MLL currently manages 20.80 million sq.ft of warehousing space and serves over 400 corporate customers across various industries.

11Jun 25

Mahindra Logistics Expands Operations with New Warehouse for Cummins India

Mahindra Logistics Ltd (MLL) has set up a new warehousing facility in Phaltan, Maharashtra, specifically for Cummins India. This move expands MLL's warehousing capabilities and strengthens its strategic partnership with Cummins, a global leader in power solutions. The dedicated facility in Phaltan's industrial area aims to enhance supply chain efficiency and inventory management for Cummins India while showcasing MLL's ability to provide customized logistics solutions.

22Apr 25

Mahindra Logistics Reports 67% Surge in Q4 Profit, Mixed Results Across Segments

Mahindra Logistics reported a 67% YoY increase in standalone PAT to ₹13.12 crore for Q4 FY2025. Consolidated revenue grew 8% YoY to ₹1,569.51 crore, with contract logistics up 9%, cross-border logistics up 20%, and last mile delivery up 10%. The company saw an 11% YoY growth in consolidated revenue for FY2025. Warehousing services expanded by 15% YoY. The board recommended a final dividend of ₹2.50 per share and appointed Hemant Sikka as the new MD and CEO.

21Apr 25

Mahindra Logistics Reports Strong Revenue Growth in FY25, Appoints New MD & CEO

Mahindra Logistics Limited (MLL) reported a 10.9% increase in consolidated revenue to ₹6,104.83 crore for FY25. EBITDA improved by 24% to ₹284.00 crore, with the EBITDA margin expanding to 4.7%. The company's net loss narrowed to ₹35.85 crore. Supply Chain Management segment grew by 11.8%, while Enterprise Mobility Services declined by 3.8%. MLL announced a leadership change, with Mr. Hemant Sikka replacing Mr. Rampraveen Swaminathan as MD and CEO effective May 5, 2025. A final dividend of ₹2.50 per share was recommended.

21Apr 25

Mahindra Logistics Reports Narrower Q4 Loss, Revenue Growth in FY2025

Mahindra Logistics Limited (MLL) reported improved financial results for Q4 FY2025, with a reduced net loss of Rs 6.70 crore and an 8.2% YoY increase in revenue to Rs 1,570.00 crore. The company's EBITDA grew by 37.3% YoY to Rs 77.70 crore. For the full fiscal year 2025, MLL's consolidated revenue increased by 10.9% to Rs 6,105.00 crore. The company announced a leadership change, with Mr. Hemant Sikka set to replace Mr. Rampraveen Swaminathan as Managing Director and CEO on May 5, 2025. The board recommended a dividend of Rs 2.50 per equity share for FY2025.

17Apr 25

Mahindra Logistics Bolsters Leadership: Sandeep Kulkarni Appointed as Head of Fleet Businesses & Purchasing

Mahindra Logistics Limited has appointed Sandeep Kulkarni as the new Head of Fleet Businesses & Purchasing, effective April 17, 2025. Kulkarni, with over 20 years of experience in retail, e-commerce, logistics, and supply chain management, joins as Senior Management Personnel. The appointment aims to strengthen MLL's leadership and drive growth in fleet operations. Simultaneously, Vishal Sharma will no longer be designated as an SMP but will continue as Vice President – Transportation and Procurement.

05Mar 25

Mahindra Logistics Invests in E-commerce Subsidiary, Plans UK Subsidiary Dissolution

Mahindra Logistics Limited (MLL) has approved an investment of up to 350 million rupees in its e-commerce subsidiary, Mahindra E-commerce Services Private Limited (MESPL). Simultaneously, MLL is initiating the dissolution of its non-operational UK subsidiary, MLL Global Logistics Limited (MGL), with the process expected to complete by June 30, 2025. The investment in MESPL aims to strengthen MLL's position in the e-commerce logistics sector, while the dissolution of MGL reflects a focus on streamlining international operations.