Mahindra Logistics turns to profit of ₹25 crore in Q1 vs YoY loss, EBITDA margin expands; shares soar 8%

The Mahindra Group company recorded a consolidated net profit of ₹25.39 crore during the quarter under review, compared with a loss of ₹10.80 crore in the June quarter of the 2025-26 fiscal year (Q1 FY26), according to a regulatory filing.

However, on a sequential basis, its profit advanced 25.76% quarter-on-quarter (QoQ) from ₹20.19 crore in the March quarter of FY26.

Its revenue from operations stood at ₹2,002.8 crore in the April-June quarter of FY27, marking a 23.28% year-on-year (YoY) increase from ₹1,624.59 crore in the corresponding period of the previous fiscal year. It advanced 11.80% QoQ from ₹1,791.41 crore in the quarter-ago period.

The firm said that the surge in its top-line reflected broad-based growth across its third-party logistics (3PL), Express and Mobility segments.

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹115 crore for the reporting quarter, reflecting a 51% YoY and 3% QoQ jump from ₹76.2 crore in the first quarter of FY26 and ₹112.4 crore in Q4 FY26, respectively.

While its EBITDA margin expanded YoY to 5.8% in the June quarter of FY27 from 4.7% in the year-ago period, it contracted QoQ from 6.3% in the preceding quarter.

Its warehouse space under management stood at 21.9 million square feet, an increase of 1.52 million square feet over the last quarter, with the addition of new sites for specific customers.

Segment-wise highlights

“The business has degrown 16% YoY as a consequence of portfolio recalibration, which was a conscious strategic choice to prioritise profitable customers amid sustained pricing and cost pressures,” Mahindra Logistics said.

Here’s what the CEO said

Commenting on the earnings, Hemant Sikka, Managing Director and CEO of Mahindra Logistics, said: “Q1 FY27 reflects the continued momentum of our transformation journey evolving into a growth journey. Strong revenue growth, a return to healthy profitability, and improved business fundamentals demonstrate the impact of disciplined execution, sharper customer-level economics, and a relentless focus on operational excellence.”

Sikka further stated that performance during the quarter was driven by continued strength in its Contract Logistics business with new customer wins across sectors, significant progress in the Express business turnaround, and sustained improvements in operational efficiency across the network.

“At the same time, our e-commerce and quick commerce business continues to scale, reinforcing our position in fast-growing logistics segments,” he added.

Sikka noted that the foundations that the firm has built over the last year have now been translating into stronger business outcomes.

“We remain focused on profitable growth, intelligent scale, superior customer experience, and our vision of becoming India's #1 logistics services provider through technology-led solutions and a passionate team,” Sikka said.

Mahindra Logistics stock performance

Shares of Mahindra Logistics surged 8.4% to hit an intraday high of ₹420 per unit on the National Stock Exchange (NSE) following the result announcement,

At around 2:25 PM, the stock was trading 2.34% higher at ₹396.40 per equity share.

The scrip has gained 4% in the past week and 12% over the month. On a year-to-date basis, it has soared 24%.

Mahindra Logistics has a total market capitalisation of ₹3,936.16 crore as of July 20, 2026, according to data on the NSE.