Mahindra Logistics Limited has informed the Exchange about Presentation
MAHLOG · price
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Awaiting price reaction for this filing.
Mahindra Logistics filed its Q1 FY26 earnings presentation reporting consolidated revenue of ₹1,625 Cr, up 14% year-on-year from ₹1,420 Cr. Core business (excluding Rivigo and Whizzard acquisitions) posted revenue of ₹1,525 Cr, EBITDA of ₹88 Cr, and a PAT of ₹13 Cr. The B2B Express segment crossed the ₹100 Cr revenue milestone for the first time. Contract Logistics led growth with revenue of ₹1,289 Cr (+18% YoY) and gross margin up 15% YoY, while Mobility also improved profitability with gross margin rising 7% YoY and 12% sequentially. However, Last Mile Delivery continued to struggle, with revenue declining 5% YoY to ₹85 Cr and gross margin eroding 42% YoY due to industry-wide pricing pressure in grocery. Consolidated PAT remained in the red at ₹-11 Cr, slightly worse than ₹-9.3 Cr loss in Q1 FY25. New operational sites in Pune and Agartala went live during the quarter.
Mixed quarter for shareholders: strong topline momentum and scale milestones (Express crossing ₹100 Cr) are positives, but persistent losses at the consolidated level driven by Last Mile Delivery margin erosion and continued B2B Express yield pressure may keep the stock under pressure until profitability in acquired businesses (Rivigo/Whizzard) and LMD turn around.