Mahindra Logistics Ltd

Mahindra Logistics Ltd has been assigned an ESG rating of 'CRISIL ESG 66' under the 'Strong' category by CRISIL ESG Ratings & Analytics Limited. This rating was independently prepared by CRISIL based on publicly available data for FY 2025-26 and was issued voluntarily by CRISIL. The company did not engage CRISIL for this rating. The detailed report is available on CRISIL's website.

Mahindra Logistics Ltd has been assigned an ESG score of '68' under the 'Strong' category by ESG Risk Assessments & Insights Limited, a SEBI registered ESG Rating Provider. The rating agency independently prepared the report based on publicly available data for FY 2025-26 and issued it voluntarily. The company did not engage the rating agency for this assessment. The detailed disclosure is attached, and the rating can be viewed via a provided link. This intimation is also being uploaded to the company's website.

Mahindra Logistics Ltd has been assigned an ESG Score (Adjusted) of '69.7' with a Grade B by SES ESG Research Pvt. Ltd. The rating was independently prepared by SES ESG, a SEBI registered ESG Rating Provider, based on publicly available data for FY 2025-26. The company has not engaged SES ESG for this rating, and it was issued voluntarily by the rating agency. The detailed rating report can be accessed via a provided link.

Mahindra Logistics Ltd announced the re-appointment of Mr. Ameet Pratapsinh Hariani as an Independent Director for a second term of five years. The approval was granted by the company's members at the 19th Annual General Meeting held on July 20, 2026. The new term will commence on May 1, 2027, and conclude on April 30, 2032. Mr. Hariani, a seasoned legal professional with over four decades of experience, is not related to any other director on the board and is not debarred from holding a directorship by any regulatory authority.

Mahindra Logistics Ltd. announced its financial performance for FY 2025-26, reporting a revenue of ₹6,999 crores, marking a 15% year-on-year growth. The company achieved a positive Profit After Tax (PAT) after two financial years, with EBITDA reaching ₹376 crores, a 33% YoY increase. The presentation also highlighted a ₹749 crore Rights Issue. Key business segments showed strong performance, with Contract Logistics revenue at ₹5,490 crores (+16% YoY), Express Services at ₹449 crores (+25% YoY), Freight-Forwarding at ₹348 crores (+14% YoY), Last-Mile Delivery at ₹326 crores, and Mobility Services at ₹386 crores (+22% YoY). The company outlined a strategy focused on scaling the core business, disciplined turnaround of B2B Express, and leveraging technology for operational excellence and customer satisfaction.

Mahindra Logistics Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by CARE Ratings Limited, confirms that the funds raised through the Rights Issue of equity shares, amounting to ₹749.27 crore, have been utilized appropriately for the objects stated in the offer document. There were no deviations from the intended use of funds. The company has also uploaded this intimation on its investor relations website.

Mahindra Logistics Ltd. (MLL) announced its unaudited consolidated financial results for the first quarter ended June 30, 2026. Revenue surged by 23% year-on-year to ₹2,003 crore, with a 12% sequential increase. Profit After Tax (PAT) stood at ₹25.4 crore, a significant improvement from a loss of ₹10.8 crore in Q1 F26 and up from ₹20.2 crore in Q4 F26. This marks the fourth consecutive quarter of PAT improvement. Key growth drivers included a 26% YoY increase in Contract Logistics and a 58% YoY rise in the Express Business. The Mobility business also expanded by 38% YoY. Warehouse space under management increased to 21.9 million square feet.

Mahindra Logistics Ltd announced the appointment of Mr. Vimal Agarwal as the Internal Auditor of the company, effective July 20, 2026. The decision was made by the Board of Directors based on the recommendation of the Audit Committee. Mr. Agarwal brings extensive experience in finance, governance, and business strategy, having held senior roles at PepsiCo India, Mahindra Lifespaces, and Mahindra Holidays & Resorts. He currently serves as the Group Chief Internal Auditor of Mahindra & Mahindra Limited, the holding company.

Mahindra Logistics Limited announced that its Board of Directors, in a meeting held on July 20, 2026, approved the unaudited consolidated and standalone financial results for the first quarter ended June 30, 2026. These results have undergone a limited review by the statutory auditor, Deloitte Haskins & Sells LLP. The company also appointed Mr. Vimal Agarwal as the Internal Auditor, effective from the same date, based on the recommendation of the Audit Committee. Mr. Agarwal brings extensive experience in finance and governance.

Mahindra Logistics delivered a clean year-on-year turnaround in Q1 FY27, swinging to a consolidated net profit of ₹27.83 Cr from a ₹9.44 Cr loss in the year-ago June quarter, as revenue from operations rose 23.3% YoY to ₹2,002.88 Cr. The prior-year loss was operational (no exceptional items either side), so the turnaround is underlying, not a one-off artifact. Sequentially profit grew 24.5% (from ₹22.36 Cr) on 11.8% higher revenue — a genuine improvement rather than seasonality, since logistics carries no strong quarterly cyclicality. The profit swing is a revenue-and-cost-leverage story. Net margin expanded to 1.39% from -0.58% a year ago (1.25% last quarter), helped by finance costs falling to ₹13.83 Cr from ₹22.53 Cr YoY as the ₹749 Cr FY26 rights issue de-levered the balance sheet. Operating margin improved to ~5.8% YoY (from 4.7%) but slipped from ~6.3% last quarter, so the sequential bottom-line gain leans on lower interest and a favourable ₹3.98 Cr deferred-tax credit rather than pure operating expansion. Segment mix shows Supply Chain Management revenue up 22.5% YoY to ₹1,891.92 Cr with segment result swinging to ₹37.33 Cr from a ₹10.38 Cr loss, while Enterprise Mobility Services grew 41% to ₹115.45 Cr. Against the last concall, where management guided for continued margin expansion, operating-leverage benefits and the Express business approaching EBITDA breakeven, this print is on-track: profitability improved and the SCM segment loss reversed. On street expectations, thin sell-side coverage (MarketScreener consensus ~₹1,851 Cr revenue / ₹1.80 EPS for the quarter) was beaten on both revenue (₹2,003 Cr) and EPS (₹2.56 consolidated). Standalone tells the same direction more modestly — PAT ₹29.00 Cr vs ₹6.44 Cr YoY on ₹1,654.89 Cr revenue (+23%) — with no material divergence in the growth narrative. Management gives no hard revenue/PAT number guidance; results were approved 20 July with a limited review by Deloitte (unmodified).