Mahindra Logistics Reports FY26 Revenue Rise And Return To Profitability

27 Apr 2026 CW Team

Mahindra Logistics Limited reported audited consolidated financial results for the fourth quarter and financial year ended 31 March 2026, with FY26 consolidated revenue rising 15 per cent to Rs. 69.99 billion (bn). EBITDA for the year increased to Rs. 3.76 billion, and the group returned to profitability with reported FY26 profit after tax of Rs. 23 million (mn) and operational profit after tax of Rs. 82 million. The board approved the results at a meeting on 23 April 2026.

In the fourth quarter, consolidated revenue was Rs. 17.91 billion, with EBITDA of Rs. 1.12 billion and reported profit after tax of Rs. 202 million. Diluted earnings per share for the quarter were two point zero three, and for the full year, the diluted earnings per share were zero point two five. On a standalone basis, the company reported annual revenue of Rs. 56.72 billion and standalone EBITDA of Rs. 3.53 billion.

The company said growth was broad-based across business verticals, with the Express business expanding revenue by 25 per cent and delivering positive gross margin expansion, and Freight Forwarding achieving 14 per cent revenue growth and material EBITDA improvement. Mobility revenue grew 22 per cent with EBITDA up 45 per cent, supported by new B2B additions and the launch of a premium tech-enabled B2C service. Last mile delivery moved to positive quarterly EBITDA of Rs. 22 mn after prior quarter losses, while warehousing operations remained large at 20.4 mn square feet under management.

Management described the results as evidence that the transformation programme is gaining traction, attributing the improvements to tighter operational discipline, network optimisation and customer-level economics. The company reiterated its commitment to become the leading logistics services provider in India and to continue investing in technology and service reliability. The release noted the financial statements were audited and that further information is available on the company website.

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