Mahindra Logistics quarterly results and financials

Mahindra Logistics (MAHLOG)₹431.70−1.56%(9 Nov 2026 close)Logistics Solution Provider

Key facts

In the Sep 2026 quarter (consolidated), Mahindra Logistics reported sales of ₹2,090 Cr, up 24.4% from Sep 2025, and net profit of ₹29.09 Cr. For the year to Mar 2026, sales were ₹6,978 Cr and net profit ₹11.03 Cr.

Sales (Sep 2026): ₹2,090 Cr
Net profit (Sep 2026): ₹29.09 Cr
Sales (FY Mar 2026): ₹6,978 Cr
Net profit (FY Mar 2026): ₹11.03 Cr
EPS (Sep 2026): ₹2.65
Borrowings (Mar 2026): ₹650 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Mahindra Logistics quarterly results

₹ crore unless stated; each column is a quarter.

Mahindra Logistics Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	1,393	1,447	1,416	1,517	1,589	1,565	1,619	1,680	1,893	1,786	1,997	2,090
Expenses	1,344	1,394	1,352	1,454	1,520	1,491	1,546	1,600	1,794	1,677	1,887	1,972
Operating Profit	51.91	56.84	65.83	65.86	73.84	77.84	75.79	84.78	103	112	115	124
OPM %	3.7%	3.9%	4.7%	4.4%	4.6%	5.0%	4.7%	5.0%	5.0%	6.0%	6.0%	6.0%
Other Income	6.02	3.01	6.02	2.01	6.02	2.01	5.02	3.01	−2.01	4.01	10.04	8.03
Interest	15.96	16.95	18.95	18.94	21.94	20.96	22.95	21.94	16.96	13.96	13.97	14.96
Depreciation	50.97	50.99	54.99	53.92	58.95	57.97	64.90	71.97	71.90	69.99	71.97	76.95
Profit before tax	−10.01	−9.01	−2.01	−4.99	−1.01	1.01	−6.01	−4.99	11.99	31.99	39.02	40.02
Tax %	71.1%	29.0%	214.0%	93.0%	531.0%	671.1%	62.0%	55.1%	52.0%	30.0%	29.1%	28.0%
Exceptional items	1.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−2.01	0.00	0.00	0.00
Net Profit	−17.05	−12.04	−8.02	−10.02	−7.02	−5.01	−9.03	−8.02	6.02	22.07	28.05	29.09
EPS (Rs)	−1.77	−1.31	−0.95	−1.09	−0.92	−0.67	−1.10	−1.05	0.34	2.04	2.57	2.65

Mahindra Logistics profit and loss

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

Mahindra Logistics 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	2,056	2,660	3,407	3,838	3,459	3,252	4,131	5,117	5,491	6,086	6,978	7,766
Expenses	2,012	2,590	3,295	3,699	3,309	3,128	3,956	4,864	5,275	5,814	6,611	7,330
Operating Profit	51.89	75.88	120	152	158	135	184	259	230	283	378	453
OPM %	2.5%	2.9%	3.5%	3.9%	4.6%	4.1%	4.5%	5.0%	4.2%	4.7%	5.0%	5.8%
Other Income	13.04	10.03	6.02	7.03	14.06	14.05	13.06	16.06	20.07	15.05	7.02	20.07
Interest	0.99	2.99	3.99	2.99	17.96	19.97	29.92	51.89	67.79	80.84	74.78	59.85
Depreciation	7.99	14.99	19.98	21.99	72.93	89.89	142	190	209	226	278	291
Profit before tax	55.99	68.06	102	133	81.05	39.04	26.03	35.04	−26.02	−8.01	32.99	123
Tax %	36.1%	32.1%	36.0%	35.0%	32.1%	26.0%	43.1%	21.0%	97.0%	291.1%	68.0%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	−2.01	0.00	0.00	2.01	5.02	−1.01	−2.01
Net Profit	36.08	46.15	65.19	86.24	55.15	29.08	15.03	25.05	−53.17	−30.07	11.03	85.23
EPS (Rs)	4.41	4.89	6.55	8.73	5.61	3.06	1.77	2.64	−5.54	−3.60	0.24	7.60
Dividend payout %	0.0%	0.0%	17.0%	15.0%	18.9%	60.0%	81.9%	68.0%	−33.0%	−50.1%	1,083.0%	—

Mahindra Logistics balance sheet

₹ crore, at each year end.

Mahindra Logistics 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	60.02	60.07	68.05	71.10	71.12	72.08	72.12	72.09	72.10	72.03	72.07	99.04
Reserves	205	242	280	348	427	473	495	475	490	420	366	1,076
Borrowings	4.01	28.05	34.01	26.03	38.05	201	269	402	835	739	870	650
Other Liabilities	251	263	436	542	672	679	852	1,029	1,157	1,248	1,273	1,282
Total Liabilities	520	592	818	988	1,208	1,425	1,690	1,977	2,554	2,480	2,580	3,107
Fixed Assets	25.92	49.83	61.80	65.76	70.69	230	360	499	826	833	926	1,143
CWIP	0.00	2.99	0.99	0.99	2.99	14.97	2.99	13.97	3.99	15.96	45.93	23.97
Investments	110	67.93	57.98	49.93	80.91	2.99	54.91	118	99.84	5.99	22.98	125
Other Assets	384	473	698	873	1,053	1,177	1,272	1,347	1,625	1,625	1,587	1,814
Inventories	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.99	0.00	0.00	0.00	0.00
Trade receivables	199	245	411	519	516	535	485	488	651	701	624	688
Cash & equivalents	102	83.85	49.91	65.84	69.84	99.81	198	134	126	70.82	75.77	199
Total Assets	520	592	818	988	1,208	1,425	1,690	1,977	2,554	2,480	2,580	3,107

Mahindra Logistics cash flow

₹ crore, for each year.

Mahindra Logistics Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	26.91	−47.86	−33.88	11.97	94.76	84.68	293	190	119	226	342	253
Cash from investing activity	−164	0.99	−2.99	0.00	−94.60	35.86	−108	−139	−309	−52.78	−154	−315
Cash from financing activity	103	17.97	3.99	3.99	−10.97	−75.86	−86.79	−117	183	−275	−148	105
Net cash flow	−35.01	−28.03	−33.03	16.02	−11.02	45.03	98.04	−66.11	−8.01	−102	41.02	42.03
Capex	10.99	34.95	22.97	37.92	33.95	61.88	70.95	106	70.92	70.92	181	139
Free cash flow	16.01	−83.07	−57.01	−25.04	61.09	24.04	225	100	57.06	165	167	118
CFO / OP %	73.0%	−19.0%	23.9%	67.9%	90.0%	73.9%	179.9%	138.0%	73.9%	103.9%	111.9%	92.9%

Mahindra Logistics ratios

Working-capital days and returns, by year.

Mahindra Logistics 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	37	42	55	55	48	55	53	42	45	46	36	35
Cash conversion cycle	39	44	57	57	50	57	55	44	47	48	38	37
Working capital days	2	14	17	14	14	15	3	−12	−18	−13	−5	−6
ROCE %	30.1%	19.1%	20.1%	25.1%	28.1%	15.1%	8.1%	6.1%	7.1%	3.0%	6.1%	7.1%

Mahindra Logistics: frequently asked questions

What are the latest quarterly results of Mahindra Logistics?

For the Sep 2026 quarter, Mahindra Logistics reported sales of ₹2,090 Cr, up 24.4% year on year and net profit of ₹29.09 Cr. The operating margin was 6.0%.

What is the annual revenue of Mahindra Logistics?

Mahindra Logistics' sales for the year to Mar 2026 were ₹6,978 Cr; over the last twelve months they were ₹7,766 Cr.

What is the net profit of Mahindra Logistics?

Net profit for the year to Mar 2026 was ₹11.03 Cr, and ₹85.23 Cr over the last twelve months. Earnings per share over the same trailing period were ₹7.60.

How much debt does Mahindra Logistics have?

Mahindra Logistics reported borrowings of ₹650 Cr at Mar 2026, against cash and equivalents of ₹199 Cr.

What is the free cash flow of Mahindra Logistics?

Cash from operations was ₹253 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹118 Cr.

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