Mahindra Logistics Reports 11% YoY Revenue Growth in Q2 FY26 to Rs. 1,685 Crores
Mahindra Logistics Ltd. (MLL) announced its unaudited consolidated financial results for the quarter ended 30 September 2025. Q2 FY26 (Consolidated) performance compared with Q2 FY25: Revenue Rs. 1,685 crores, EBITDAR Rs. 151 crores, PBT Rs. (5.41) crores, PAT loss Rs. 10.35 crores, EPS (Diluted) Rs. (1.20). H1 FY26 (Consolidated) performance compared with H1 FY25: Revenue Rs. 3,310 crores, EBITDA Rs. 161 crores, PBT Rs. (11.23) crores, PAT loss Rs. 21.15 crores, EPS (Diluted) Rs. (2.62). Q2 FY26 MLL Standalone compared with Q2 FY25: Revenue Rs. 1,367 crores, EBITDA Rs. 82 crores, PBT Rs. 5.12 crores, PAT Rs. 3.79 crores, EPS (Diluted) Rs. 0.44. H1 FY26 MLL Standalone compared with H1 FY25: Revenue Rs. 2,713 crores, EBITDA Rs. 161 crores, PBT Rs. 13.80 crores, PAT Rs. 10.23 crores, EPS (Diluted) Rs. 1.26.
Key Highlights
- 11% YoY revenue growth for Q2 FY26 driven by broad-based growth across the 3PL, Freight Forwarding, Mobility and Express segments.
- Express business delivered a positive gross margin for the first time since acquisition driven by yield discipline and a 7.2% increase in delivered volumes on YoY basis.
- Freight Forwarding segment has grown 22% sequentially despite headwinds from geopolitical disruptions and tariff-related challenges affecting cross-border flows.
- Mobility business maintained robust momentum with 15% growth YoY and QoQ.
- Warehousing network under management expanded to 22.1 million sq. ft., strengthening the company’s presence in Eastern India with two new Grade-A facilities in Guwahati and Agartala.