<h3 data-path-to-node="3"><b data-path-to-node="3" data-index-in-node="0">MUMBAI</b> — <b data-path-to-node="3" data-index-in-node="9">Integrated Logistics Giant Posts ₹2,003 Crore Revenue for First Quarter as Operational Turnaround and Warehousing Expansion Drive Strong Financial Recovery</b></h3><p data-path-to-node="4">Demonstrating a sharp operational recovery and sustained margin expansion, India's Mahindra Logistics Limited (MLL) reported a robust financial performance for the first quarter of FY27 (ended June 30, 2026). The third-party logistics (3PL) and supply chain solutions major posted a 23% year-on-year increase in consolidated revenue to ₹2,003 crore (₹20.03 billion), up from ₹1,629 crore in the corresponding period last fiscal year.</p><p data-path-to-node="5">Consolidated Profit After Tax (PAT) surged to ₹25.4 crore (nearly ₹29 crore including operational adjustments), marking a decisive turnaround from a net loss of ₹10.8 crore in Q1 FY26. The performance marks MLL's fourth consecutive quarter of sequential profitability improvement, driven by aggressive network optimization, higher asset utilization, and strong demand across contract logistics, express delivery, and corporate mobility segments.</p><h4 data-path-to-node="6"><b data-path-to-node="6" data-index-in-node="0">Segmental Financial Highlights &amp; Growth Drivers</b></h4><p data-path-to-node="7">The earnings update released in Mumbai outlines widespread operational gains across the company's core business units:</p><ol start="1" data-path-to-node="8"><li><p data-path-to-node="8,0,0"><b data-path-to-node="8,0,0" data-index-in-node="0">Contract Logistics Engine:</b> MLL’s core contract logistics vertical posted a 26% YoY growth in revenue, while segment EBITDA surged by 31%. The growth was propelled by major new multi-year customer acquisitions in automotive manufacturing, quick-commerce, FMCG, and industrial engineering sectors.</p></li><li><p data-path-to-node="8,1,0"><b data-path-to-node="8,1,0" data-index-in-node="0">Express &amp; B2B Delivery Surge:</b> The express business registered a 58% YoY revenue increase (and 10% sequential growth), supported by higher B2B freight volumes and disciplined yield management, leading to improved gross margins for the fourth straight quarter.</p></li><li><p data-path-to-node="8,2,0"><b data-path-to-node="8,2,0" data-index-in-node="0">Warehousing Network Scale-Up:</b> MLL expanded its total Grade-A warehousing space under management to 21.9 million square feet, adding an impressive 1.52 million square feet of fresh fulfillment capacity during the quarter alone.</p></li><li><p data-path-to-node="8,3,0"><b data-path-to-node="8,3,0" data-index-in-node="0">Mobility &amp; Last-Mile Delivery Recovery:</b> The corporate mobility segment grew 38% YoY following B2B client additions, while the last-mile delivery business achieved a positive EBITDA of ₹2.6 crore (reversing a loss of ₹0.5 crore last year) after strategically pruning low-margin accounts.</p></li></ol><h4 data-path-to-node="9"><b data-path-to-node="9" data-index-in-node="0">Evolving from Transformation to Growth Phase</b></h4><p data-path-to-node="10">Consolidated EBITDA for the quarter jumped 51% YoY to reach ₹115.4 crore, while basic Earnings Per Share (EPS) rose to ₹2.55 compared to a negative EPS of ₹1.44 in Q1 FY26.</p><p data-path-to-node="11">Commenting on the quarterly results, Hemant Sikka, Managing Director and CEO of Mahindra Logistics, noted that the financial performance validates the company's long-term restructuring strategy.</p><p data-path-to-node="12">"Q1 FY27 reflects the continued momentum of our operational transformation evolving into a sustained growth journey," stated Sikka. "Strong revenue expansion, a return to healthy profitability, and enhanced business fundamentals highlight the impact of disciplined execution, sharper customer-level unit economics, and our relentless focus on technology-led supply chain integration."</p><p data-path-to-node="13">Looking ahead, Mahindra Logistics plans to accelerate its multimodal freight capabilities and expand its green electric vehicle (EV) fleet for last-mile and middle-mile transport, positioning itself to capture rising peak-season domestic trade demand.</p>