Summary

Mahindra Logistics Ltd. announced strong financial results for Q4 FY26 and the full fiscal year ended March 31, 2026, marking a significant return to profitability. For FY26, consolidated revenue grew by 14.6% year-on-year to ₹6,999 crores, with Q4 FY26 revenue reaching ₹1,791 crores, a 14.1% increase over the previous year. The company posted a consolidated reported Profit After Tax of ₹2.3 crores for FY26 and ₹20.2 crores for Q4 FY26, representing a substantial improvement from previous losses. Key business segments, including Express, Freight Forwarding, and Mobility, contributed significantly to this performance with notable revenue and EBITDA growth. Mr. Hemant Sikka, MD and CEO, highlighted the sustained momentum in the company's transformation journey and its successful return to profitability.

Key Highlights

1. 1

   Mahindra Logistics Ltd.'s consolidated revenue for FY26 increased by 14.6% year-on-year to ₹6,999 crores.

2. 2

   The company reported a return to profitability for FY26 with a consolidated reported Profit After Tax of ₹2.3 crores, significantly improving from previous losses.

3. 3

   Q4 FY26 consolidated revenue rose by 14.1% year-on-year to ₹1,791 crores compared to ₹1,570 crores in Q4 FY25.

4. 4

   Consolidated EBITDA for Q4 FY26 saw a substantial increase of 43.6% to ₹112 crores, up from ₹78 crores in Q4 FY25.

5. 5

   The Express Business demonstrated strong performance, growing its revenue by 25% year-on-year and achieving a positive gross margin of 1.3% in FY26.

6. 6

   Mobility segment's revenue increased by 22% and EBITDA grew by 45% year-on-year, driven by new B2B additions and the successful launch of Alyte Prive.

7. 7

   Warehousing operations maintained significant scale with 20.4 million square feet space under management, while making progress in optimizing its portfolio.