MUMBAI — Integrated third-party logistics and mobility solutions provider Mahindra Logistics Limited (MLL) reported a sharp surge in profitability for the first quarter of FY27 (Q1 FY27) ending June 30, 2026. The company posted a standalone Profit After Tax (PAT) of ₹29 crore, representing a nearly fivefold jump from ₹6.44 crore registered in the corresponding quarter of the previous fiscal year.
Revenue Expansion and Consolidated Turnaround
In its regulatory filing with the stock exchanges, Mahindra Logistics announced that standalone revenue from operations grew by 23% year-on-year to ₹1,654.89 crore, up from ₹1,345.82 crore in Q1 FY26.
On a consolidated basis, the company achieved a total operational revenue of ₹2,002.88 crore during the quarter, marking a 23% increase compared to ₹1,624.59 crore reported in the same period last year. Consolidated Profit After Tax surged to ₹27.83 crore, successfully reversing a net loss of ₹9.44 crore recorded in the year-ago quarter. Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) stood at ₹115 crore, reflecting a 51% year-on-year increase driven by operating leverage and disciplined execution across key business verticals.
Segmental Operational Highlights
The strong financial performance was broad-based, supported by revenue acceleration across the company’s Third-Party Logistics (3PL), Express distribution, and Enterprise Mobility segments:
Contract Logistics: The core contract logistics business recorded a 26% year-on-year growth in revenue, accompanied by a 31% rise in EBITDA. Growth was propelled by new customer additions across automotive, engineering, and fast-moving consumer goods (FMCG) sectors, alongside enhanced customer-level profitability.
Express Business: Revenue from the B2B express delivery segment expanded by 58% year-on-year, driven by a combination of higher shipment volumes and improved yield. This marked the fourth consecutive quarter of gross margin and EBITDA improvement for the vertical.
Last-Mile Delivery: Following a deliberate portfolio recalibration to eliminate unprofitable accounts, last-mile delivery revenue contracted by 16% year-on-year. However, the strategic focus on margin-accretive accounts swung segment EBITDA to a profit of ₹2.6 crore, compared to an EBITDA loss of ₹50 lakh in Q1 FY26.
Enterprise Mobility: The mobility segment grew 38% year-on-year, supported by new corporate B2B client acquisitions, with segment EBITDA rising by 8%.
Warehousing Infrastructure: Total warehousing space under active management expanded by 1.52 million square feet during the quarter, bringing MLL’s total warehousing footprint to 21.9 million square feet.
Executive Statements and Strategic Outlook
Commenting on the quarterly performance, Hemant Sikka, Managing Director and CEO of Mahindra Logistics, emphasized that the quarter highlighted the firm's transition into sustained growth:
"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. Performance this quarter was driven by continued strength in contract logistics with new customer wins, significant progress in turning around the express business, and sustained improvements in network efficiency."
Following the announcement of the quarterly earnings, Mahindra Logistics shares traded higher on the