Mahindra Logistics Reports Q1 FY27 Results: Revenue Rises 23% YoY to Rs 2,003 crore

Mahindra Logistics Reports Q1 FY27 Results: Revenue Rises 23% YoY to Rs 2,003 crore​

Mahindra Logistics Ltd. (MLL), a provider of integrated logistics and mobility solutions in India, announced its unaudited consolidated financial results for the quarter ended June 30, 2026. The company reported robust revenue growth alongside significant improvements in profitability across various business segments.

The results reflected the company's transformation toward sustainable growth and operational excellence. Consolidated revenue for Q1 FY27 stood at Rs 2,003 crore, marking a 23% increase year-on-year (YoY) and 12% sequentially.

Financial Highlights of Q1 FY27​

The company showcased sustained improvement in profitability compared to previous quarters:

Segmental Performance Overview​

The consolidated revenue growth was driven by the company's 3PL, Express, and Mobility segments. The Contract Logistics Business saw a 26% YoY growth, accompanied by a 31% increase in EBITDA, attributed to operating efficiencies, cost discipline, and improved customer-level profitability contributing to margin expansion alongside revenue increases.

The Express Business experienced substantial growth, rising 58% YoY and 10% sequentially. This segment achieved gross margin and EBITDA improvement for the fourth consecutive quarter, driven by a positive mix of volumes and yield.

Key performance indicators in other segments included:

• Last Mile Delivery: The business showed an EBITDA of Rs 2.6 crore, recovering from a loss of Rs 0.5 crore in Q1 FY26. This segment saw a 16% degrowth YoY following strategic portfolio recalibration to prioritize profitable customers amid sustained pricing and cost pressures.
• Mobility Business: Expansion in the Mobility business was recorded at 38% YoY, fueled by new customer acquisitions within the B2B sector. EBITDA for this segment grew by a healthy 8% during the same period.

Furthermore, the warehouse space managed under management reached 21.9 million square feet, an increase of 1.52 million square feet from the previous quarter due to the addition of new sites dedicated to specific customers.

Management Commentary​

Commenting on the quarterly performance, Hemant Sikka, Managing Director and CEO of Mahindra Logistics Ltd., stated that Q1 FY27 illustrates the ongoing progress of their transformation journey evolving into a growth trajectory. He highlighted that strong revenue growth, along with improved business fundamentals and a return to healthy profitability, demonstrates the impact of disciplined execution, operational excellence, and sharper customer-level economics.

Mr. Sikka added that performance was bolstered by continued strength in the Contract Logistics sector through new customer wins. Progress in the Express business turnaround and sustained efficiency improvements across the network were notable achievements. He concluded by noting that their e-commerce and quick commerce businesses are scaling up, reinforcing MLL's position in rapidly growing logistics segments as they focus on profitable growth and superior customer experience.

MAHLOG Stock Price Movement​

Mahindra Logistics Limited shares are edging higher to ₹403.95 as of 2:06 PM today, climbing 4.29% in live trading. The equity trades within a solid intraday range, having seen over 2.19 million shares transacted and currently ranging between ₹386.5 and ₹420.