Mahindra Logistics reported a net profit of ₹2.3 crore for FY26, marking a turnaround after two years of losses. Revenue grew 15% to ₹6,999 crore, with EBITDA up 33%. The company plans a ₹749 crore rights issue.
Mahindra Logistics Returns to Profitability in FY26
Mahindra Logistics Ltd. reported a net profit of ₹2.3 crore for the fiscal year 2025-26, signaling a significant turnaround after two years of financial losses. The company's revenue grew by 15% year-on-year to ₹6,999 crore, while EBITDA saw a substantial increase of 33% to ₹376 crore.
Reader Takeaway: Profitability achieved; focus shifts to B2B Express turnaround and rights issue execution.
What just happened
The logistics firm has achieved a net profit of ₹2.3 crore for the fiscal year ended March 31, 2026, a stark contrast to previous periods of losses. This turnaround was supported by a 15% rise in revenue to ₹6,999 crore and a 33% jump in EBITDA to ₹376 crore.
Why this matters
Achieving profitability is a key milestone for Mahindra Logistics, indicating a stabilization of its operations and a positive outlook. The strong EBITDA growth suggests improved operational efficiency and margin expansion. The company also announced a capital infusion plan through a ₹749 crore rights issue.
The backstory
Mahindra Logistics had been navigating a period of financial losses for the preceding two fiscal years. The company's strategy has been focused on scaling its 3PL business and executing a turnaround in its B2B Express segment.
What changes now
With profitability restored, the company is expected to focus on sustaining this performance and executing its growth strategies. The rights issue will provide capital for further expansion and operational improvements. Key segments like Contract Logistics and Express Services are critical for future growth.
Risks to watch
While the return to profit is positive, investors will be closely watching the execution of the B2B Express segment turnaround. This segment has been explicitly identified as a priority for operational discipline and profitability improvement.
Peer comparison
While specific peer financial data is not provided in this filing, the industry is competitive, with companies focusing on warehousing, freight, and last-mile delivery. Mahindra Logistics' diversified service offering and expanding infrastructure aim to position it competitively.
Context metrics (time-bound)
- FY 2025-26 Revenue: ₹6,999 crore (+15% YoY)
- FY 2025-26 EBITDA: ₹376 crore (+33% YoY)
- FY 2025-26 PAT: ₹2.3 crore (Turnaround)
- Rights Issue: ₹749 crore
What to track next
Investors should monitor the progress of the B2B Express turnaround, the successful deployment of capital from the rights issue, and the continued growth in the Contract Logistics segment in upcoming financial reports.