Mahindra Logistics Ltd
NSE:MAHLOG

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Mahindra Logistics Ltd Logo
Mahindra Logistics Ltd
NSE:MAHLOG
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Price: 323.2 INR 0.39% Market Closed
Market Cap: 32.1B INR

Mahindra Logistics Ltd
Investor Relations

Mahindra Logistics Ltd. engages in the development and implementation of customized, technology-enabled logistics solutions. The company is headquartered in Mumbai, Maharashtra and currently employs 3,471 full-time employees. The company went IPO on 2017-11-10. The firm offers a range of integrated logistics and mobility solutions. The Company’s segments include Supply Chain Management and Enterprise Mobility Services. The Supply Chain Management segment offers customized, end-to-end logistics solutions and services, including transportation and distribution, warehousing, in-factory logistics, and value-added services to its clients. The Enterprise Mobility Services segment provides technology-enabled people transportation solutions and services across India for domestic and multinational companies operating in the information technology (IT), information technology-enabled services (ITeS), business process outsourcing, financial services, consulting and manufacturing industries. Its services also include on-call services, green-fleet solutions, event transportation, and subscription services.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Oct 28, 2025
AI Summary
Q2 2026

Revenue Growth: Mahindra Logistics reported Q2 FY '26 revenue of INR 1,685 crores, up 11% year-on-year, led by e-commerce and Mahindra's Auto and Farm segments.

Debt Reduction: Completed a rights issue of INR 749 crores in August 2025 and reduced consolidated debt sharply from INR 601 crores to INR 73 crores, leading to expected annual interest savings of INR 40–45 crores.

Gross Margin Expansion: Gross margin improved to 10.1% from 9.2% last year, driven by better business and customer mix and volume leverage.

Express Business Milestone: The Express Logistics business turned gross margin positive for the first time since acquisition, with a 7% YoY tonnage increase and improved yields.

White Space Reduction: Achieved over 20% reduction in warehousing white space in the quarter, progressing toward a target of 95% reduction by September 2026.

Profitability: PAT loss narrowed to INR 10.4 crores, marginally improved versus last year, despite a one-time charge of INR 4.8 crores related to a customer's bankruptcy.

Cost Discipline: Continued focus on cost optimization, contract renegotiations, and exiting unprofitable contracts to drive margin improvement.

No New Major Warehouse Expansion: Warehouse capacity now largely built out, with no significant new BTS (build-to-suit) space planned in the near future.

Key Financials
Revenue
INR 1,685 crores
Gross Margin
10.1%
Gross Margin (excluding Express)
10.8%
EBITDA
INR 85.1 crores
PAT
-INR 10.4 crores
Debt (Consolidated)
INR 73 crores
Revenue from Warehousing
INR 333 crores
Express Business Revenue
INR 104.4 crores
Express Business Gross Margin
0.2%
Express Business PAT
-INR 20 crores
Freight Forwarding Revenue
INR 90.2 crores
Freight Forwarding PAT
INR 1.7 crores
Mobility Revenue
INR 93.8 crores
Mobility PAT
INR 1.6 crores
Last-Mile Delivery Revenue (Whizzard)
INR 68.4 crores
Last-Mile Delivery PAT (Whizzard)
INR 1.07 crores
2x2 Logistics Revenue
INR 23.4 crores
2x2 Logistics PAT
INR 1.7 crores
Rights Issue Amount
INR 749 crores
Available Cash from Rights Issue
INR 187 crores
Interest Cost Savings (expected)
INR 40–45 crores per annum
Warehousing Segment Revenue
INR 333 crores
Express Business Tonnage Growth
7% YoY
Freight Forwarding Volume Growth
9% YoY
Earnings Call Recording
Other Earnings Calls

Management

Mr. Rampraveen Swaminathan
MD, CEO & Director
No Bio Available
Mr. Saurabh Taneja
Chief Financial Officer
No Bio Available
Mr. Jignesh Parikh
Company Secretary & Compliance Officer
No Bio Available
Mr. Sreenivas Pamidimukkala
Head of Information & Technology
No Bio Available
Mr. Sanjay Gawde
Head - Human Resource and Administration
No Bio Available
Ms. Mansi Nagri
Head of Marketing, Communications & Sales Excellence
No Bio Available
Mr. Ravi Prakash Begur
Senior General Manager
No Bio Available
Mr. Prasanna Vikas Pahade B.E., PGDM.
Head of B2B Express Business
No Bio Available
Mr. Vishal Barnabas
Head of Consumer & Manufacturing Business
No Bio Available
Mr. Rajesh Shetty
Head of Operations Excellence
No Bio Available

Contacts

Address
MAHARASHTRA
Mumbai
1A& 1B, 4th Floor,, Techniplex 1, Techniplex Complex,, Veer Savarkar Flyover,
Contacts