Quarterly Result27 Jan 2026, 05:42 pm
Mahindra Logistics Reports 19% YoY Revenue Growth in Q3 FY26, Returns to Profitability
AI Summary
Mahindra Logistics Ltd. (MLL) announced its unaudited consolidated financial results for the quarter ended 31st December 2025. The company reported a 19% YoY increase in revenue, reaching Rs. 1,898 crores, and a profitable quarter after 11 consecutive quarters of loss. The Express business continued its margin improvement journey, the Freight Forwarding segment grew 33% YoY, and the Mobility business maintained strong momentum. The LMD business exited from low-margin activities, but competitive pricing pressure impacted the revenue and margin. The transformation at Mahindra Logistics is real, systemic, and accelerating.
Key Highlights
- 19% YoY consolidated revenue growth in Q3 FY26, driven by broad-based momentum across 3PL, Freight Forwarding, Mobility and Express segments.
- Profitable quarter after 11 consecutive quarters of loss.
- Express business continued its margin improvement journey with gross margin expansion.
- Freight Forwarding segment grew 33% YoY.
- Mobility business maintained strong momentum, recording 38% YoY growth and 18% sequential growth.