MFL India quarterly results and financials

MFL India (BSE 526622)₹0.3700−5.13%(9 Nov 2026 close)Logistics Solution Provider

Key facts

In the Mar 2026 quarter (standalone), MFL India reported sales of ₹18.26 Cr, down 65.1% from Mar 2025, and net profit of −₹0.39 Cr. For the year to Mar 2026, sales were ₹66.14 Cr and net profit ₹1.57 Cr.

Sales (Mar 2026): ₹18.26 Cr
Net profit (Mar 2026): −₹0.39 Cr
Sales (FY Mar 2026): ₹66.14 Cr
Net profit (FY Mar 2026): ₹1.57 Cr
EPS (Mar 2026): ₹0.00
Borrowings (Mar 2026): ₹24.13 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

MFL India quarterly results

₹ crore unless stated; each column is a quarter.

MFL India Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	14.11	12.57	14.16	12.86	11.51	12.67	12.82	52.30	14.02	15.99	17.86	18.26
Expenses	14.41	12.40	14.36	14.08	11.15	13.07	12.36	51.03	16.09	14.89	17.17	17.74
Operating Profit	−0.32	0.18	−0.22	−1.22	0.37	−0.42	0.46	1.33	−2.09	1.12	0.68	0.51
OPM %	−2.2%	1.4%	−1.5%	−9.4%	3.1%	−3.2%	3.5%	2.5%	−14.8%	7.0%	3.8%	2.8%
Other Income	0.00	0.00	0.15	0.09	0.00	0.39	0.05	0.48	0.00	0.00	0.00	0.07
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.20	0.22	0.39	0.37	0.39	0.41	0.42	1.65	0.51	0.53	0.56	0.59
Profit before tax	−0.49	−0.02	−0.42	−1.48	−0.01	−0.42	0.07	0.16	−2.57	0.58	0.11	0.00
Tax %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	588.2%	0.0%	−542.4%	−541.7%	—
Net Profit	−0.49	−0.03	−0.42	−1.48	−0.01	−0.42	0.08	−0.82	−2.57	3.78	0.75	−0.39
EPS (Rs)	0.00	0.00	0.00	−0.03	0.00	0.00	0.00	−0.01	−0.06	0.10	0.01	0.00

MFL India profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

MFL India Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	141	148	59.40	0.00	1.20	16.53	2.52	13.77	53.64	52.30	66.14	66.13
Expenses	129	132	83.97	1.94	1.48	13.52	2.78	13.69	55.22	50.83	65.88	65.89
Operating Profit	12.71	15.97	−24.59	−1.94	−0.29	3.00	−0.27	0.09	−1.57	1.53	0.20	0.22
OPM %	9.0%	10.8%	−41.4%	—	−23.5%	18.2%	−10.3%	0.6%	−2.9%	2.9%	0.3%	0.3%
Other Income	−0.04	0.00	−5.21	−18.91	33.09	0.04	2.03	0.04	0.26	0.28	0.07	0.07
Interest	4.65	7.24	8.44	2.62	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	6.28	7.62	10.51	1.62	0.42	0.00	0.00	0.14	1.15	1.65	2.16	2.19
Profit before tax	1.73	1.08	−48.68	−25.10	32.42	3.03	1.77	0.00	−2.44	0.16	−1.87	−1.88
Tax %	52.9%	120.1%	0.0%	0.0%	0.0%	−2.0%	0.0%	—	0.0%	588.2%	−183.5%	—
Exceptional items	0.00	0.00	−5.02	−20.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Net Profit	0.81	−0.21	−48.56	−25.03	32.35	3.09	1.77	0.00	−2.45	−0.82	1.57	1.57
EPS (Rs)	0.01	0.00	−1.34	−0.69	0.89	0.08	0.04	0.00	−0.06	−0.01	0.03	0.05
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	0.0%	0.0%	0.0%	—

MFL India balance sheet

₹ crore, at each year end.

MFL India Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	36.05	36.06	36.02	36.08	36.05	36.05	36.05	36.03	36.04	36.04	36.04	36.05
Reserves	−1.71	−0.89	−1.11	−47.72	−72.83	−40.41	−37.32	−35.53	−35.52	−37.97	−38.79	−37.20
Borrowings	32.11	42.15	65.63	74.08	37.92	8.91	8.30	0.00	15.00	14.88	17.59	24.13
Other Liabilities	4.54	5.87	7.26	4.21	6.00	0.56	0.73	0.04	2.78	4.21	6.41	3.22
Total Liabilities	70.99	83.19	108	66.65	7.14	5.11	7.76	0.54	18.30	17.16	21.25	26.20
Fixed Assets	38.41	39.90	48.80	64.00	5.67	1.87	1.87	0.00	8.09	11.39	14.29	16.17
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	32.58	43.29	59.00	2.65	1.47	3.24	5.89	0.54	10.21	5.77	6.96	10.03
Inventories	0.00	0.00	4.00	0.00	0.00	1.45	0.59	0.00	0.38	0.00	0.00	0.00
Trade receivables	31.62	36.95	51.82	0.00	0.00	0.47	4.27	0.00	3.04	1.23	3.16	1.27
Cash & equivalents	0.30	0.55	1.22	0.24	0.01	0.11	0.26	0.02	0.34	1.04	0.05	1.30
Total Assets	70.99	83.19	108	66.65	7.14	5.11	7.76	0.54	18.30	17.16	21.25	26.20

MFL India cash flow

₹ crore, for each year.

MFL India Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	8.94	2.84	0.86	0.67	5.96	−6.37	5.29	1.21	−1.19
Cash from investing activity	−22.59	−8.03	−16.53	0.90	2.08	−8.30	−4.49	−4.93	−4.09
Cash from financing activity	12.73	5.40	16.28	−1.41	−8.28	14.96	−0.11	2.70	6.52
Net cash flow	−0.86	0.25	0.68	0.16	−0.25	0.34	0.71	−1.01	1.26
Capex	27.02	10.62	16.75	0.00	0.00	8.21	4.85	6.24	4.02
Free cash flow	−13.65	−4.96	−15.66	0.67	8.04	−14.59	0.91	−3.52	−5.22
CFO / OP %	130.1%	25.0%	6.0%	23.0%	−2,300.0%	−7,975.0%	−340.0%	107.0%	−625.9%

MFL India ratios

Working-capital days and returns, by year.

MFL India Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	91	96	128	0	—	147	95	0	81	8	22	7
Inventory days	—	—	128	0	—	1,089	33	0	54	0	—	—
Days payable	—	—	55	—	—	409	9	—	350	—	—	—
Cash conversion cycle	91	96	199	0	—	825	116	0	−217	8	22	7
Working capital days	33	50	61	−201	—	738	87	57	182	1	3	11
ROCE %	7.5%	9.0%	9.4%	−42.9%	−8.3%	1,159.6%	52.7%	42.4%	0.0%	−18.1%	2.6%	−9.9%

MFL India: frequently asked questions

What are the latest quarterly results of MFL India?

For the Mar 2026 quarter, MFL India reported sales of ₹18.26 Cr, down 65.1% year on year and net profit of −₹0.39 Cr. The operating margin was 2.8%.

What is the annual revenue of MFL India?

MFL India's sales for the year to Mar 2026 were ₹66.14 Cr; over the last twelve months they were ₹66.13 Cr.

What is the net profit of MFL India?

Net profit for the year to Mar 2026 was ₹1.57 Cr, and ₹1.57 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.05.

How much debt does MFL India have?

MFL India reported borrowings of ₹24.13 Cr at Mar 2026, against cash and equivalents of ₹1.30 Cr.

What is the free cash flow of MFL India?

Cash from operations was −₹1.19 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹5.22 Cr.

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