Mahindra Logistics Limited (MLL) reported a strong financial performance for the first quarter of FY27, with consolidated revenue increasing 23% year-on-year to ₹2,003 crore. The company also returned to profitability, posting a consolidated profit after tax (PAT) of ₹25.4 crore, compared with a net loss of ₹10.8 crore in the corresponding quarter of the previous financial year.
The integrated third-party logistics provider recorded consolidated EBITDA of ₹115 crore, marking a 51% year-on-year increase, driven by improved operational performance across its key business segments.
The company’s contract logistics business emerged as a key growth driver, with revenue rising 26% year-on-year, while EBITDA for the segment increased 31%, supported by business expansion and improved operating efficiencies.
Mahindra Logistics’ express cargo business also delivered robust growth, with revenue increasing 58% year-on-year, led by higher container volumes and improved pricing realisation, reflecting sustained demand for freight and cargo transportation services.
The corporate mobility business recorded a 38% growth in revenue, while segment earnings improved 8% year-on-year, driven by steady demand for employee transportation and mobility solutions.
The last-mile delivery business reported a 16% decline in revenue, which the company attributed to its strategic decision to exit unprofitable customer accounts amid continued pricing pressure in the retail logistics segment. Despite lower revenue, the business improved its profitability, with segment earnings rising to ₹2.6 crore, compared with a loss of ₹0.5 crore in the same quarter last year, reflecting the benefits of portfolio rationalisation and enhanced operational efficiency.
The overall performance underscores Mahindra Logistics’ focus on profitable growth, operational efficiency, and strengthening its core logistics and mobility businesses.
