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Earnings Call

Mahindra Logistics Earnings Call: Key Takeaways

Mahindra Logistics Q4FY26 shows a return to profitability with revenue at ₹1,791 Cr, driven by contract logistics and an Express business turnaround under new leadership.

Highlights
Revenue growth15% YoY growth for FY26.
MarginsGM expanded to 10.5% in Q4FY26; Express GM improving.
Order bookMultiple new wins across contract logistics segments.
Demand visibilityStrong growth in e-commerce and quick commerce segments.
Management confidenceHigh; citing sustained momentum in transformation journey.

Growth

FY26 revenue grew 15% YoY to ₹6,999 Cr; EBITDA rose 33% to ₹376.5 Cr.

Outlook

Targeting #1 logistics provider in India; focus on volumetric segments, agentic-AI, and carbon neutrality by 2040.

Risks

Express business is currently undergoing restructuring; focus remains on volatile customer-level economics.

Last quarter's promises, checked

Delivered

  • Guided return to PAT profitability → delivered ₹20.2 Cr Q4 PAT (= BEAT)
  • Guided 95% white space reduction → delivered 9 lakh sq. ft. reduction in FY26 (= BEAT)
  • Guided Express GM improvement → delivered sequential rise to 1.3% FY26 (= BEAT)

Partly delivered

  • Guided Express EBITDA breakeven → delivered ₹31 Cr loss (= PARTIAL)
Source

Earnings Call filed with NSE, NSE: MAHLOG. Summary written with AI assistance from the document.

Read the document ↗

Mahindra Logistics Ltd: key numbers

Share price
₹420.25
Market cap
₹4,172 Cr
Revenue (annual)
₹6,999 Cr
Net profit (annual)
₹2.29 Cr
P/E (TTM)
108.4×Sector 29.0×
Promoter holding
59.58%+0.00% QoQ
FII holding
4.09%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Mahindra Logistics Limited reported an ESG rating of '73' assigned by NSE Sustainability Ratings & Analytics Ltd, classifying the company as a 'Leader'.