Mahindra Logistics Q1 FY27 profit surges to ₹25.4 crore as revenue jumps 23% to ₹2,003 crore

Mahindra Logistics Ltd. (MLL) reported a sharp turnaround in earnings for the first quarter of FY27, with consolidated net profit rising to ₹25.4 crore against a loss of ₹10.8 crore in the year-ago period, as strong demand across its contract logistics, express and mobility businesses lifted revenue and margins. The company also marked its fourth consecutive quarter of profit improvement, underscoring the gains from operational efficiencies and disciplined cost management.

The integrated logistics and mobility solutions provider posted 23% year-on-year growth in consolidated revenue to ₹2,003 crore during the quarter ended June 30, 2026, while EBITDA climbed 51% to ₹115 crore. Diluted earnings per share improved to ₹2.55, compared with a loss per share of ₹1.44 in the corresponding quarter last year, reflecting sustained improvement in profitability.

Commenting on the results, Hemant Sikka, Managing Director and CEO, Mahindra Logistics, said the June quarter reflected the company's transition from a transformation phase to a growth phase.

"Q1 FY27 reflects the continued momentum of our transformation journey evolving into a growth journey. Strong revenue growth, a return to healthy profitability and improved business fundamentals demonstrate the impact of disciplined execution, sharper customer-level economics and a relentless focus on operational excellence," Sikka said.

Contract logistics remains growth engine

The company's contract logistics business continued to drive performance, recording 26% year-on-year revenue growth, while EBITDA rose 31% as operating leverage, tighter cost controls and improved customer-level profitability supported margin expansion.

Meanwhile, the express business emerged as another key growth contributor, with revenue increasing 58% year-on-year and 10% sequentially. The company attributed the improvement to higher shipment volumes and better pricing, which helped expand gross margins and EBITDA for the fourth consecutive quarter.

Sikka added that the quarter's performance was led by sustained momentum in contract logistics, continued progress in the turnaround of the express business and growing scale in e-commerce and quick commerce logistics. "We remain focused on profitable growth, intelligent scale, superior customer experience and our vision of becoming India's No. 1 logistics services provider through technology-led solutions and a passionate team," he said.

Mobility, warehousing verticals expand; last-mile business turns profitable

MLL's mobility segment registered 38% year-on-year growth, aided by new customer additions in the B2B segment, while EBITDA increased 8%. The company's warehousing footprint also expanded to 21.9 million square feet, with an additional 1.52 million square feet added during the quarter to cater to customer demand.

Its last-mile delivery business, however, witnessed a 16% decline in revenue following a strategic recalibration of its customer portfolio to prioritise profitability amid pricing pressures. Despite lower volumes, the segment reported an EBITDA of ₹2.6 crore, compared with a loss of ₹0.5 crore in the year-ago period.