| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 2,095 | 1,685 | +24.3% |
| EBITDA | 124 | 85.1 | +45.7% |
| EBITDA margin | 5.9% | 5.1% | +0.9 pts |
| Profit before tax | 40.4 | −5.4 | — |
| Net profit | 28.9 | −8.4 | — |
| EPS | ₹2.64 | −₹1.20 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 3,622 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 304 | 230 | 85.7 | 30.3 | 193 | ||
| 29.5 | 24.5 | 16.4 | 11.8 | −1.4 | ||
| 43.7 | 43.7 | 424 | 339 | 401 | ||
| 3,391 | — | — | — | — | ||
| 7,788 | 6,999 | 6,105 | 5,506 | 5,128 | ||
| — | +14.7% | +10.9% | +7.4% | — | ||
| 455 | 376 | 284 | 229 | 260 | ||
| 5.8% | 5.4% | 4.7% | 4.2% | 5.1% | ||
| 164 | 98.6 | 57.7 | 20.1 | 70.3 | ||
| 85.1 | 10.6 | −30.0 | −53.1 | 24.6 | ||
| 1.1% | 0.2% | −0.5% | −1.0% | 0.5% | ||
| ₹7.57 | ₹0.23 | −₹3.61 | −₹5.52 | ₹2.65 | ||
| — | +106.4% | +34.5% | −308.3% | — | ||
| — | 254 | 343 | 227 | 119 | ||
| — | −139 | −181 | −70.9 | −71.0 | ||
| 115 | 115 | 162 | 156 | 48.4 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 3,621.5 | |
| - Cash, Equiv & ST Investments | 193.4 | 30.3 | 85.7 | 230.2 | 304.1 | |
| + Minority Interest | -1.4 | 11.8 | 16.4 | 24.5 | 29.5 | |
| + Total Debt | 401.4 | 338.6 | 424.2 | 43.7 | 43.7 | |
| Enterprise Value | — | — | — | — | 3,390.6 | |
| Revenue | 5,128.3 | 5,506.0 | 6,104.8 | 6,999.3 | 7,787.8 | |
| Growth %, YoY | — | +7.4 | +10.9 | +14.7 | — | |
| EBITDA | 259.8 | 229.0 | 284.1 | 376.5 | 454.5 | |
| Margin % | 5.07 | 4.16 | 4.65 | 5.38 | 5.84 | |
| EBIT | 70.3 | 20.1 | 57.7 | 98.6 | 164.1 | |
| Net Income | 24.6 | -53.1 | -30.0 | 10.6 | 85.1 | |
| Margin % | 0.48 | -0.96 | -0.49 | 0.15 | 1.09 | |
| EPS, Adj (current shares) | 2.65 | -5.52 | -3.61 | 0.23 | 7.57 | |
| Growth %, YoY | — | -308.3 | +34.5 | +106.4 | — | |
| Cash from Operations | 119.4 | 226.9 | 343.2 | 253.6 | — | |
| Capital Expenditures | -71.0 | -70.9 | -180.9 | -139.0 | — | |
| Free Cash Flow | 48.4 | 155.9 | 162.3 | 114.6 | 114.6 | |
Prices at the previous close · figures from the company's filings with NSE
Mahindra Logistics (NSE: MAHLOG) had a market capitalisation of ₹3,624 crore at the previous close (₹365.00 a share), a PE ratio of 48.3 on the last four quarters' profit and a price-to-book ratio of 3.01. In FY26 its consolidated net profit attributable to shareholders was ₹2.3 crore on revenue of ₹6,999 crore; in Q2 FY27 (July–September 2026) it was ₹26.3 crore. Its debt-to-equity ratio was 0.04 on 30 September 2026. Promoters held 59.54% of the shares on 30 September 2026.
Mahindra Logistics' PE ratio is 48.3 at the previous close (₹365.00 a share): a market capitalisation of ₹3,624 crore divided by consolidated net profit attributable to shareholders of ₹75.1 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹2.3 crore) it is 1,582.4.
Mahindra Logistics' price-to-book (PB) ratio is 3.01 at the previous close: a market capitalisation of ₹3,624 crore divided by shareholders' equity (book value) of ₹1,205 crore on 30 September 2026. That is a book value of ₹121.36 per share against a share price of ₹365.00.
Mahindra Logistics' book value per share was ₹121.36 on 30 September 2026: shareholders' equity of ₹1,205 crore divided by the 9.93 crore shares in issue, up 5.1% from ₹115.48 a year earlier. The share price at the previous close was ₹365.00.
Mahindra Logistics' market capitalisation was ₹3,624 crore at the previous close: 9.93 crore shares at ₹365.00 each.
Mahindra Logistics' basic earnings per share (EPS) were ₹0.25 in FY26. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹7.57.
In 2026, Mahindra Logistics has declared one dividend: ₹2.50 with record date 10 July 2026.
No. Mahindra Logistics had borrowings of ₹55.3 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.04. Its cash and current investments were ₹363 crore, so it held net cash of ₹308 crore.
Mahindra Logistics' debt-to-equity ratio was 0.04 on 30 September 2026: borrowings of ₹55.3 crore against total equity of ₹1,234 crore. A year earlier, on 30 September 2025, it was 0.06.
Mahindra Logistics' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,205 crore on 30 September 2026, up 5.2% from ₹1,145 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,624 crore at the previous close.
In FY26, Mahindra Logistics' return on equity (ROE) was 0.3% and its return on capital employed (ROCE) was 6.8%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was −7.7% and ROCE 5.2%.
Promoters held 59.54% of Mahindra Logistics on 30 September 2026, down 0.04 percentage points from 59.58% the previous quarter and down 0.06 percentage points from 59.60% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Mahindra Logistics' shares were held by promoters 59.54%, foreign portfolio investors (FII/FPI) 5.33%, domestic institutions (DII) 13.79% (including mutual funds at 10.92%) and retail and other non-institutional investors 21.34%. Over the year, FII holding was up 1.47 percentage points from 3.86% and DII holding was up 0.14 percentage points from 13.65%.
Mahindra Logistics' dividend yield is 0.68% at the previous close: dividends of ₹2.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹365.00. They were ₹2.50 on 10 July 2026.
In FY26, Mahindra Logistics generated ₹254 crore of cash from operations and spent ₹139 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹115 crore. In FY25 it was ₹162 crore.
Mahindra Logistics has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
Mahindra Logistics' latest results are for Q2 FY27 (July–September 2026), filed on 23 October 2026: consolidated net profit attributable to shareholders ₹26.3 crore, against a loss of ₹10.4 crore in Q2 FY26; revenue from operations ₹2,095 crore, up 24.3% year on year.
In FY26 (April 2025–March 2026), Mahindra Logistics' consolidated net profit attributable to shareholders was ₹2.3 crore, against a loss of ₹35.9 crore in FY25, on revenue from operations of ₹6,999 crore (up 14.7%). Over three years, from FY23, net profit was down 91.3%.
In FY26, Mahindra Logistics earned net profit attributable to shareholders of ₹2.3 crore on revenue of ₹6,999 crore, against ₹237 crore on ₹3,221 crore for VRL Logistics. Mahindra Logistics' operating margin was 1.4% (VRL Logistics 12.1%) and its return on equity 0.3% (VRL Logistics 21.3%).
On FY26 consolidated figures, against VRL Logistics, Gateway Distriparks and TVS Supply Chain Solutions: Mahindra Logistics' operating margin of 1.4% is the lowest of the four (VRL Logistics 12.1%, Gateway Distriparks 14.8%, TVS Supply Chain Solutions 1.9%; peer average 9.6%); its return on equity of 0.3% is the lowest of the four (VRL Logistics 21.3%, Gateway Distriparks 11.4%, TVS Supply Chain Solutions 6.0%; peer average 12.9%).
From Mahindra Logistics' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.