Mahindra Logistics quarterly results

Q2 FY27 · Jul–Sep 2026

₹ 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	—

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	2,095	2,003	1,791	1,898	1,685	1,625	1,570	1,594	1,521	1,420	1,451	1,397	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	8.4	9.8	3.9	5.3	2.9	5.1	2.2	6.3	1.7	5.7	2.9	2.3
	2,104	2,013	1,795	1,903	1,688	1,630	1,572	1,600	1,523	1,426	1,454	1,399
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	122	114	106	110	106	104	95.6	101	105	102	93.8	108
	15.4	13.8	14.3	16.5	21.7	22.5	20.6	22.1	19.1	19.5	17.4	16.4
	76.6	72.3	69.9	71.7	71.7	64.6	58.4	59.0	54.0	55.0	51.3	51.5
	1,849	1,774	1,573	1,685	1,494	1,444	1,396	1,419	1,350	1,252	1,300	1,237
	2,063	1,974	1,763	1,883	1,694	1,635	1,571	1,602	1,528	1,428	1,463	1,413
	124	115	112	103	85.1	76.3	77.7	73.7	66.4	66.3	56.6	52.2
	47.4	43.1	42.5	31.1	13.4	11.7	19.3	14.7	12.4	11.3	5.3	0.8
Profit
	40.4	39.1	32.0	19.8	−5.4	−5.8	0.9	−1.1	−5.0	−2.5	−9.2	−13.4
	0.0	0.0	0.0	−7.4	0.0	0.0	0.0	0.0	0.0	0.0	0.0	3.8
	40.4	39.1	32.0	12.5	−5.4	−5.8	0.9	−1.1	−5.0	−2.5	−9.2	−9.6
	6.4	15.2	10.6	9.6	3.7	4.5	5.6	4.3	6.7	4.7	6.3	5.9
	5.0	−4.0	−1.0	−3.1	−0.8	−0.9	0.6	1.8	−2.0	0.7	−3.7	1.0
	11.4	11.2	9.6	6.4	3.0	3.6	6.2	6.1	4.6	5.3	2.7	6.8
	−0.1	−0.1	−0.1	−0.0	−0.0	−0.0	0.0	−0.0	0.0	0.0	0.0	−0.7
	28.9	27.8	22.4	6.0	−8.4	−9.4	−5.3	−7.3	−9.6	−7.8	−11.9	−17.1
	28.9	27.9	22.4	6.1	−8.3	−9.4	−5.3	−7.2	−9.6	−7.8	−11.9	−16.4
	−0.1	−0.1	2.0	0.1	−0.1	−0.1	0.3	−0.1	−0.1	−0.1	0.8	−0.1
	28.8	27.8	24.4	6.1	−8.5	−9.5	−5.0	−7.3	−9.7	−7.9	−11.1	−17.2
	26.3	25.4	20.2	3.3	−10.4	−10.8	−6.8	−9.1	−10.8	−9.3	−12.9	−17.4
	2.6	2.4	2.2	2.8	2.0	1.4	1.5	1.8	1.1	1.5	0.9	0.3
Per share
	₹2.64	₹2.56	₹2.04	₹0.33	−₹1.20	−₹1.50	−₹0.93	−₹1.25	−₹1.50	−₹1.29	−₹1.78	−₹2.42
	₹2.64	₹2.55	₹2.03	₹0.33	−₹1.20	−₹1.50	−₹0.93	−₹1.25	−₹1.50	−₹1.29	−₹1.78	−₹2.42
Other comprehensive income — detail
	−0.1	−0.1	2.0	0.1	−0.1	−0.1	0.3	—	—	—	—	—
	−0.1	−0.1	2.5	0.0	−0.2	−0.1	0.5	−0.1	−0.1	−0.1	1.2	−0.1
	−0.0	−0.0	0.5	−0.0	−0.0	−0.0	0.2	—	—	—	—	—
	—	—	—	—	—	—	—	−0.0	−0.0	−0.0	0.4	−0.0
	26.2	25.3	22.2	3.3	−10.5	−10.9	−6.4	−9.1	−10.8	−9.4	−12.0	−17.5
	2.6	2.4	2.2	2.8	2.0	1.4	1.4	1.8	1.1	1.5	0.9	0.3
Per share — as-filed variants
	₹2.64	₹2.56	₹2.04	₹0.33	−₹1.20	−₹1.50	−₹0.93	−₹1.25	−₹1.50	−₹1.29	−₹1.78	−₹2.42
	₹2.64	₹2.55	₹2.03	₹0.33	−₹1.20	−₹1.50	−₹0.93	−₹1.25	−₹1.50	−₹1.29	−₹1.78	−₹2.42
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	—	—	—	—	—	—	—	—	—	—	—	1,397
	—	—	—	—	—	—	—	—	—	—	—	100.0%
Adjusted (ex-exceptional items) — derived
	40.4	39.1	32.0	19.8	−5.4	−5.8	0.9	−1.1	−5.0	−2.5	−9.2	−13.4
	0.0	0.0	0.0	−7.4	0.0	0.0	0.0	0.0	0.0	0.0	0.0	3.8
	28.9	27.8	22.4	9.6	−8.4	−9.4	−5.3	−7.3	−9.6	−7.8	−11.9	−20.9
	₹2.64	₹2.56	₹2.04	₹0.53	−₹1.20	−₹1.50	−₹0.93	−₹1.25	−₹1.50	−₹1.29	−₹1.78	−₹2.96

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

MAHLOG₹427.15

Mahindra Logistics Limited

· Consumer Services

Annual Quarterly₹ CrorePeersVRLLOG GATEWAY TVSSCS TCI TCIEXP ALLCARGO NAVKARCORPMcap ₹4,238 Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	1,397.2	1,450.8	1,420.0	1,521.1	1,594.2	1,569.5	1,624.6	1,685.3	1,898.0	1,791.4	2,002.9	2,095.4
Other Income	2.3	2.9	5.7	1.7	6.3	2.2	5.1	2.9	5.3	3.9	9.8	8.4
Total Income	1,399.5	1,453.6	1,425.7	1,522.8	1,600.5	1,571.7	1,629.7	1,688.2	1,903.3	1,795.3	2,012.7	2,103.9
Expenses
+ Cost of Materials Consumed	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
+ Employee Benefit Expense	107.8	93.8	102.0	104.7	101.3	95.6	104.5	106.5	110.2	106.3	113.9	122.0
+ Finance Costs	16.4	17.4	19.5	19.1	22.1	20.6	22.5	21.7	16.5	14.3	13.8	15.4
+ Depreciation & Amortisation	51.5	51.3	55.0	54.0	59.0	58.4	64.6	71.7	71.7	69.9	72.3	76.6
+ Other Expenses	1,237.2	1,300.4	1,251.8	1,350.0	1,419.2	1,396.2	1,443.9	1,493.7	1,685.0	1,572.8	1,773.6	1,849.5
Total Expenses	1,412.9	1,462.9	1,428.2	1,527.8	1,601.6	1,570.8	1,635.4	1,693.6	1,883.5	1,763.3	1,973.6	2,063.5
EBITDA	52.2	56.6	66.3	66.4	73.7	77.7	76.3	85.1	102.8	112.4	115.4	124.0
EBIT	0.8	5.3	11.3	12.4	14.7	19.3	11.7	13.4	31.1	42.5	43.1	47.4
Profit
PBT before Exceptional Items	-13.4	-9.2	-2.5	-5.0	-1.1	0.9	-5.8	-5.4	19.8	32.0	39.1	40.4
+ Exceptional Items	3.8	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-7.4	0.0	0.0	0.0
Pretax Income	-9.6	-9.2	-2.5	-5.0	-1.1	0.9	-5.8	-5.4	12.5	32.0	39.1	40.4
+ Current Tax	5.9	6.3	4.7	6.7	4.3	5.6	4.5	3.7	9.6	10.6	15.2	6.4
+ Deferred Tax	1.0	-3.7	0.7	-2.0	1.8	0.6	-0.9	-0.8	-3.1	-1.0	-4.0	5.0
Tax Expense	6.8	2.7	5.3	4.6	6.1	6.2	3.6	3.0	6.4	9.6	11.2	11.4
+ Share of Associates & JVs	-0.7	0.0	0.0	0.0	-0.0	0.0	-0.0	-0.0	-0.0	-0.1	-0.1	-0.1
Net Income	-17.1	-11.9	-7.8	-9.6	-7.3	-5.3	-9.4	-8.4	6.0	22.4	27.8	28.9
+ Net Income — Continuing Ops	-16.4	-11.9	-7.8	-9.6	-7.2	-5.3	-9.4	-8.3	6.1	22.4	27.9	28.9
+ Other Comprehensive Income	-0.1	0.8	-0.1	-0.1	-0.1	0.3	-0.1	-0.1	0.1	2.0	-0.1	-0.1
Total Comprehensive Income	-17.2	-11.1	-7.9	-9.7	-7.3	-5.0	-9.5	-8.5	6.1	24.4	27.8	28.8
Net Income to Common	-17.4	-12.9	-9.3	-10.8	-9.1	-6.8	-10.8	-10.4	3.3	20.2	25.4	26.3
Minority Interest	0.3	0.9	1.5	1.1	1.8	1.5	1.4	2.0	2.8	2.2	2.4	2.6
Per Share
Basic EPS	-2.42	-1.78	-1.29	-1.50	-1.25	-0.93	-1.50	-1.20	0.33	2.04	2.56	2.64
Diluted EPS	-2.42	-1.78	-1.29	-1.50	-1.25	-0.93	-1.50	-1.20	0.33	2.03	2.55	2.64
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	0.3	-0.1	-0.1	0.1	2.0	-0.1	-0.1
+ Items NOT to be Reclassified to P&L	-0.1	1.2	-0.1	-0.1	-0.1	0.5	-0.1	-0.2	0.0	2.5	-0.1	-0.1
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	0.2	-0.0	-0.0	-0.0	0.5	-0.0	-0.0
+ Tax on Items NOT to be Reclassified — alt tag	-0.0	0.4	-0.0	-0.0	-0.0	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	-17.5	-12.0	-9.4	-10.8	-9.1	-6.4	-10.9	-10.5	3.3	22.2	25.3	26.2
Comprehensive Income — Non-controlling Interests	0.3	0.9	1.5	1.1	1.8	1.4	1.4	2.0	2.8	2.2	2.4	2.6
Per Share — as-filed variants
Basic EPS — Continuing Operations	-2.42	-1.78	-1.29	-1.50	-1.25	-0.93	-1.50	-1.20	0.33	2.04	2.56	2.64
Diluted EPS — Continuing Operations	-2.42	-1.78	-1.29	-1.50	-1.25	-0.93	-1.50	-1.20	0.33	2.03	2.55	2.64
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	1,397.2	—	—	—	—	—	—	—	—	—	—	—
Gross Margin %	100.00	—	—	—	—	—	—	—	—	—	—	—
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	-13.4	-9.2	-2.5	-5.0	-1.1	0.9	-5.8	-5.4	19.8	32.0	39.1	40.4
− Exceptional Items (reconciliation)	3.8	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-7.4	0.0	0.0	0.0
Net Income Adj (tax-effected)	-20.9	-11.9	-7.8	-9.6	-7.3	-5.3	-9.4	-8.4	9.6	22.4	27.8	28.9
EPS Adj	-2.96	-1.78	-1.29	-1.50	-1.25	-0.93	-1.50	-1.20	0.53	2.04	2.56	2.64
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Filed Debt Equity	—	—	—	1.00	1.00	93.00	—	—	—	—	—	—
Filed Dscr	—	—	—	1.00	1.00	181.00	—	—	—	—	—	—
Filed Iscr	—	—	—	3.00	3.00	378.00	—	—	—	—	—	—
Paid Up Equity Capital	72.0	72.0	72.1	72.1	72.1	72.1	72.1	99.2	99.2	99.2	99.2	99.3

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Mahindra Logistics Q2 FY27 results (July–September 2026)

Filed with NSE on Friday, 23 October 2026 at 2:21 pm IST

Mahindra Logistics (NSE: MAHLOG) reported its Q2 FY27 results (July–September 2026) on Friday, 23 October 2026 at 2:21 pm IST. Consolidated net profit attributable to shareholders was ₹26.3 crore, against a loss of ₹10.4 crore in Q2 FY26 and up 3.4% from ₹25.4 crore in Q1 FY27. Revenue from operations was ₹2,095 crore, up 24.3% year on year and up 4.6% from the previous quarter.

Q2 FY26 results (a year earlier): 27 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders'): ₹26.3 Crloss ₹10.4 Cr in Q2 FY26+3.4% vs Q1 FY27Total incl. minority interest ₹28.9 Cr
Revenue from operations: ₹2,095 Cr+24.3% vs Q2 FY26+4.6% vs Q1 FY27
Operating margin (EBIT): 2.3%+1.5 pts vs Q2 FY26+0.1 pts vs Q1 FY27EBIT ₹47.4 Cr
EBITDA: ₹124 Cr+45.7% vs Q2 FY26+7.4% vs Q1 FY27margin 5.9%
Earnings per share (basic): ₹2.64+3.1% vs Q1 FY27
Net profit margin: 1.3%+1.9 pts vs Q2 FY26unchanged vs Q1 FY27

Questions

What was Mahindra Logistics' net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹26.3 crore, against a loss of ₹10.4 crore in Q2 FY26 and up 3.4% from ₹25.4 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹28.9 crore.

What was Mahindra Logistics' net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹51.6 crore, against a loss of ₹21.2 crore in the same months a year earlier. Revenue from operations was ₹4,098 crore, up 23.8%.

What was Mahindra Logistics' net profit in FY26?

Consolidated net profit attributable to shareholders was ₹2.3 crore in FY26 (April 2025–March 2026), against a loss of ₹35.9 crore in FY25. It was a loss of ₹54.7 crore in FY24 and a profit of ₹26.3 crore in FY23: down 91.3% over three years, an average fall of 55.7% a year.

What was Mahindra Logistics' revenue in Q2 FY27?

Revenue from operations was ₹2,095 crore, up 24.3% year on year and up 4.6% from the previous quarter.

What was Mahindra Logistics' revenue in FY26?

Revenue from operations was ₹6,999 crore in FY26 (April 2025–March 2026), up 14.7% from ₹6,105 crore in FY25. It was ₹5,506 crore in FY24 and ₹5,128 crore in FY23: up 36.5% over three years, 10.9% a year on average.

When did Mahindra Logistics announce its Q2 FY27 results?

On Friday, 23 October 2026 at 2:21 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 27 October 2025.

How were Mahindra Logistics' Q2 FY27 results?

A net profit of ₹26.3 crore, against a loss of ₹10.4 crore in Q2 FY26. Revenue was up 24.3% at ₹2,095 crore. The operating margin was 2.3%, up 1.5 percentage points from 0.8% a year earlier. Against Q1 FY27, net profit was up 3.4% and revenue up 4.6%.

What was Mahindra Logistics' operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹47.4 crore, a margin of 2.3%, against 2.2% in Q1 FY27 and 0.8% in Q2 FY26. EBITDA was ₹124 crore, 5.9% of revenue.

What is Mahindra Logistics' net profit margin?

Mahindra Logistics' net profit margin was 1.3% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against −0.6% in Q2 FY26 (up 1.9 percentage points). For FY26 as a whole it was 0.0%.

What was Mahindra Logistics' EPS in Q2 FY27?

Basic earnings per share were ₹2.64.

How has Mahindra Logistics' profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: ₹3.3 crore in Q3 FY26, ₹20.2 crore in Q4 FY26, ₹25.4 crore in Q1 FY27 and ₹26.3 crore in Q2 FY27. That is ₹75.1 crore over the four quarters. Revenue from operations: ₹1,898 crore, ₹1,791 crore, ₹2,003 crore and ₹2,095 crore.

When will Mahindra Logistics announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Mahindra Logistics figures come from?

From Mahindra Logistics' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 23 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.