Mahindra Logistics Ltd
NSE:MAHLOG
Mahindra Logistics Ltd
Mahindra Logistics Ltd. engages in the development and implementation of customized, technology-enabled logistics solutions. The company is headquartered in Mumbai, Maharashtra and currently employs 3,471 full-time employees. The company went IPO on 2017-11-10. The firm offers a range of integrated logistics and mobility solutions. The Company’s segments include Supply Chain Management and Enterprise Mobility Services. The Supply Chain Management segment offers customized, end-to-end logistics solutions and services, including transportation and distribution, warehousing, in-factory logistics, and value-added services to its clients. The Enterprise Mobility Services segment provides technology-enabled people transportation solutions and services across India for domestic and multinational companies operating in the information technology (IT), information technology-enabled services (ITeS), business process outsourcing, financial services, consulting and manufacturing industries. Its services also include on-call services, green-fleet solutions, event transportation, and subscription services.
Mahindra Logistics Ltd. engages in the development and implementation of customized, technology-enabled logistics solutions. The company is headquartered in Mumbai, Maharashtra and currently employs 3,471 full-time employees. The company went IPO on 2017-11-10. The firm offers a range of integrated logistics and mobility solutions. The Company’s segments include Supply Chain Management and Enterprise Mobility Services. The Supply Chain Management segment offers customized, end-to-end logistics solutions and services, including transportation and distribution, warehousing, in-factory logistics, and value-added services to its clients. The Enterprise Mobility Services segment provides technology-enabled people transportation solutions and services across India for domestic and multinational companies operating in the information technology (IT), information technology-enabled services (ITeS), business process outsourcing, financial services, consulting and manufacturing industries. Its services also include on-call services, green-fleet solutions, event transportation, and subscription services.
Return to Profitability: Mahindra Logistics turned profitable after 11 consecutive quarters of losses, marking a key inflection point driven by cost control, operational discipline, and improved execution.
Strong Revenue Growth: Q3 revenue rose 19% year-over-year to INR 1,898 crores, powered by volume growth in Auto, Farm, Express, Mobility, and Freight segments.
Margin Expansion: Consolidated gross margin improved by 76 basis points to 10%, and EBITDA grew 40% year-over-year to INR 102.8 crores.
Business Segment Highlights: 3PL, Freight Forwarding, Express, and Mobility segments all reported double-digit revenue growth; last mile delivery faced margin and revenue declines due to pricing pressure and strategic customer exits.
Focus on Profitable Growth: The company exited unprofitable contracts, reinforced pricing discipline, and is midway through a company-wide price correction effort.
Debt Reduction: Rights issue proceeds paid down most debt, with consolidated gross debt now at INR 64 crores, reducing interest costs.
Guidance & Outlook: Management expects further margin improvement and remains committed to reducing white space by 95% by September 2026, with a new long-term vision statement in the works.
