Mahindra Logistics Limited (MLL), an integrated logistics and mobility solutions provider, announced its audited consolidated financial results for the quarter and financial year ended March 31, 2026, reporting strong growth across business segments and a return to profitability. For the fourth quarter of FY26, the company recorded consolidated revenue of ₹1,791 crore, compared to ₹1,570 crore in the same period last year. EBITDA rose to ₹112 crore from ₹78 crore, while reported profit after tax (PAT) stood at ₹20.2 crore, marking a significant turnaround from a loss of ₹6.7 crore in Q4 FY25. Diluted earnings per share (EPS) improved to ₹2.03 from a negative ₹0.90.
For the full financial year FY26, consolidated revenue grew 15% year-on-year to ₹6,999 crore, compared to ₹6,105 crore in FY25. EBITDA increased to ₹376 crore from ₹284 crore. The company reported a PAT of ₹2.3 crore, reversing a loss of ₹35.8 crore in the previous year, with operational PAT at ₹8.2 crore. Diluted EPS stood at ₹0.25 against a negative ₹4.78 in FY25.
The standalone business also delivered steady growth. Q4 FY26 revenue reached ₹1,414 crore, with EBITDA of ₹99 crore and PAT of ₹21.4 crore. For the full year, standalone revenue rose to ₹5,672 crore, while EBITDA stood at ₹353 crore and reported PAT at ₹43.0 crore.
Growth was driven by strong performance across key verticals. The Express business reported a 25% increase in revenue, supported by network optimisation, improved pricing strategies, and tighter cost controls, resulting in positive gross margins. Freight Forwarding demonstrated resilience with 14% growth, alongside a 48% rise in EBITDA driven by improved margins and customer traction.
The Mobility segment recorded a 22% increase in revenue and 45% growth in EBITDA, supported by expansion in the B2B portfolio and the launch of premium service offerings. Last Mile Delivery strengthened its operational footprint by focusing on high-potential areas and improving execution efficiency, achieving positive EBITDA in the fourth quarter. Warehousing operations continued to maintain scale, managing over 20 million square feet of space while optimizing portfolio efficiency.
Commenting on the performance, Hemant Sikka, Managing Director and CEO, stated that the company’s ongoing transformation initiatives are yielding results, with improved operational discipline, stronger customer engagement, and enhanced service standards. He emphasized the company’s focus on technology-driven solutions and its ambition to become a leading logistics services provider in India.
Mahindra Logistics Limited (MLL) is a major third-party logistics company offering end-to-end supply chain and enterprise mobility solutions. Serving more than 400 corporate clients across sectors such as automotive, engineering, consumer goods, and e-commerce, the company follows an asset-light model complemented by technology-enabled operations.
Established in 1945, the Mahindra Group is among India’s most respected global business federations, employing over 3,24,000 people in more than 100 countries. The group is a leader in farm equipment, utility vehicles, IT services, and financial services, and is the world’s largest tractor manufacturer by volume. Its diverse portfolio spans renewable energy, agriculture, logistics, hospitality, and real estate.
