Mahindra Logistics Reports Robust Turnaround in Q1 FY27: Net Profit Reaches ₹27.83 Crore as Revenue Crosses ₹2,000 Crore

Mahindra Logistics Limited (MLL), one of India's largest integrated logistics solutions providers, announced its unaudited consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27). Staging a significant operational turnaround, the company reported a net profit after tax of ₹27.83 crore, reversing a loss of ₹9.44 crore in the corresponding period of the previous fiscal year (Q1 FY26).

Key Financial Highlights (Q1 FY27 vs Q1 FY26 & Q4 FY26)

Revenue from Operations: Crossed the ₹2,000 crore benchmark to reach ₹2,002.88 crore, registering a 23.3% year-on-year (YoY) growth compared to ₹1,624.59 crore in Q1 FY26. Sequentially, revenue grew 11.8% over ₹1,791.41 crore in Q4 FY26.

Total Income: Stood at ₹2,012.71 crore, up 23.5% YoY from ₹1,629.66 crore in Q1 FY26, supported by ₹9.83 crore in other income.

Profit Before Tax (PBT): Rose to ₹39.06 crore, compared to a PBT loss of ₹5.82 crore in Q1 FY26 and a PBT of ₹31.95 crore in Q4 FY26.

Profit After Tax (PAT): Came in at ₹27.83 crore, reflecting strong margin recovery over a net loss of ₹9.44 crore in Q1 FY26 and a 24.5% sequential growth over ₹22.36 crore in Q4 FY26.

PAT Attributable to Shareholders: Stood at ₹25.39 crore, up from a loss of ₹10.80 crore in Q1 FY26 and ₹20.19 crore in Q4 FY26.

Earnings Per Share (EPS): Basic EPS expanded to ₹2.56 per share (face value ₹10), compared to negative ₹1.44 in Q1 FY26 and ₹2.04 in Q4 FY26. Diluted EPS was reported at ₹2.55 per share.

Expenditure Breakdown

Total expenses for Q1 FY27 totaled ₹1,973.60 crore, compared to ₹1,635.44 crore in Q1 FY26 and ₹1,763.25 crore in Q4 FY26.

Key cost components included:

Operating Expenses: ₹1,729.40 crore, up from ₹1,407.40 crore in Q1 FY26, reflecting scaled volume handling.

Employee Benefits Expense: ₹113.89 crore, compared to ₹104.48 crore in Q1 FY26.

Finance Costs: Reduced significantly by 38.6% YoY to ₹13.83 crore (down from ₹22.53 crore in Q1 FY26 and ₹14.30 crore in Q4 FY26).

Depreciation & Amortisation: ₹72.31 crore, compared to ₹64.57 crore in Q1 FY26.

Other Expenses: ₹44.17 crore, compared to ₹36.46 crore in Q1 FY26.

Tax expenses for the quarter stood at ₹11.23 crore, comprising current tax of ₹15.21 crore and a deferred tax credit of ₹3.98 crore.

Equity & Comprehensive Income

Total Comprehensive Income for Q1 FY27 reached ₹27.76 crore, of which ₹25.32 crore was attributable to the equity shareholders of the company and ₹2.44 crore to non-controlling interests.

As of June 30, 2026, Mahindra Logistics' paid-up equity share capital stood at ₹99.22 crore (face value ₹10 per share).

Commenting on the performance, Mr. Hemant Sikka, Managing Director and CEO of Mahindra Logistics Ltd. said, "Q1 F27 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.

Performance this quarter was driven by continued strength in our 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.

The foundations we have built over the last year are now 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."

Shares of Mahindra Logistics Limited was last trading in BSE at Rs. 389.25 as compared to the previous close of Rs. 387.60. The total number of shares traded during the day was 2646 in over 168 trades.

The stock hit an intraday high of Rs. 389.95 and intraday low of 381.75. The net turnover during the day was Rs. 1020234.00.

Source : Equity Bulls

Keywords

MahindraLogistics INE766P01016 Q1FY27 Q1FY2027 ResultUpdate