Image Source : Mahindra Logistics
Mahindra Logistics Limited (MLL) has released its consolidated financial results for the first quarter of FY26, reporting a revenue from operations of ₹1,625 crore. Despite steady topline performance, the company posted a net loss of ₹108 crore, reflecting margin pressures and strategic investments.
Key Highlights From the Q1 Performance
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Revenue from operations stood at ₹1,625 crore, up from ₹1,570 crore in Q4 FY25
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EBITDA for the quarter was ₹78 crore, compared to ₹57 crore in the previous quarter
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The net loss of ₹108 crore was attributed to higher operating expenses and onetime restructuring costs
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Growth was driven by 3PL contract logistics, crossborder freight, and lastmile delivery segments
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The company continued to invest in automation, green logistics, and digital platforms to enhance scalability
Strategic Context and Operational Focus
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CEO Rampraveen Swaminathan emphasized account additions and stable crossborder pricing as key growth drivers
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MLL expanded its electric vehicle fleet and warehousing footprint to support longterm sustainability goals
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The company remains optimistic about festive season demand and expects margin recovery in H2 FY26
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Joint venture Seino MLL Logistics and subsidiaries like Lords Freight and ZipZap Logistics contributed to topline growth
Financial Implications
While the Q1 net loss marks a setback, Mahindra Logistics is positioning itself for longterm resilience through techled transformation and diversified service offerings.
Sources: Mahindra Logistics Official Release, Economic Times, Moneycontrol, Business Standard, Annual Financial Results FY25 PDF, Deloitte Audit Report FY25
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