ResultsIQ

ResultsIQ › Latest results › Mahindra Logistics Limited

Mahindra Logistics Limited Q2 FY27 earnings call summary

NSE: MAHLOG · BSE: 540768

Earnings call of 23 Oct 2026, summarised by AI from the filing.

PAT rose to ₹26 cr in Q2 FY27 from a ₹10 cr loss a year ago, as MESPL turned EBITDA-positive at ₹2.3 cr.

Key takeaways

  1. PAT ₹26 cr in Q2 FY27, against a loss of ₹10 cr a year ago and ₹25 cr in the previous quarter.
  2. Capex guidance FY27 capex guided at ₹100 cr plus-minus ₹10 cr, about half already spent in H1.
  3. MESPL milestone Express business turned EBITDA-positive at ₹2.3 cr in Q2 FY27, its first such quarter since acquisition.
  4. Growth driver Contract logistics revenue up 28% to ₹1,688 cr on new customers and deeper wallet share.
  5. Margin risk Manpower cost increases are not fully passed through, limiting gross margin improvement.

Original filing on BSE

Mahindra Logistics Limited Q2 FY27 results

As filed: Revenue ₹2,095 cr (+24% year on year), EBITDA ₹124 cr (+44% year on year), PAT ₹28.9 cr, EBITDA margin 5.9% (+81 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q1 FY27: Revenue ₹2,003 cr (+23% year on year), EBITDA ₹115 cr (+50% year on year), PAT ₹27.8 cr, EBITDA margin 5.8% (+102 bps). Score 80 of 100, Above trend. Revenue and EBITDA growth were well above the company's own trend. EBITDA margin rose 102 bps year on year. Other income 25% of PBT. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: +4.9% in 30 days (Nifty 500: +0.2%).
  • Q4 FY26: Revenue ₹1,791 cr (+14% year on year), EBITDA ₹112 cr (+44% year on year), PAT ₹22.4 cr, EBITDA margin 6.3% (+130 bps). Score 66 of 100, Above trend. Revenue growth was in line with the company's own trend; EBITDA growth was well above it. EBITDA margin rose 130 bps year on year. Revenue fell 6% from last quarter. Share price after the results: −20.0% in 29 days (Nifty 500: −0.7%).
  • Q3 FY26: Revenue ₹1,898 cr (+19% year on year), EBITDA ₹103 cr (+39% year on year), PAT ₹6.0 cr, EBITDA margin 5.4% (+77 bps). Score 65 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was above it. EBITDA margin rose 77 bps year on year. Other income 42% of PBT. Tax rate 52%. Share price after the results: +43.1% in 30 days (Nifty 500: +2.8%).
  • Q2 FY26: Revenue ₹1,685 cr (+11% year on year), EBITDA ₹86.0 cr (+30% year on year), PAT −₹8.0 cr, EBITDA margin 5.1% (+76 bps). Score 45 of 100, In line with trend. Revenue growth was in line with the company's own trend; EBITDA growth was above it. EBITDA margin rose 76 bps year on year. Revenue rose ₹164 cr on a year ago, more than the ₹156 cr it added the year before. Share price after the results: −7.8% in 30 days (Nifty 500: +0.5%).
  • Q1 FY26: Revenue ₹1,625 cr (+14% year on year), EBITDA ₹77.0 cr (+18% year on year), PAT −₹9.0 cr, EBITDA margin 4.7% (+16 bps). Score 15 of 100, Below trend. Revenue growth was above the company's own trend; EBITDA growth was in line with it. EBITDA margin rose 16 bps year on year. Share price after the results: −22.0% in 30 days (Nifty 500: −0.6%).
  • Q4 FY25: Revenue ₹1,570 cr (+8% year on year), EBITDA ₹78.0 cr (+39% year on year), PAT −₹5.0 cr, EBITDA margin 5.0% (+111 bps). Score 45 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA growth was well above it. EBITDA margin rose 111 bps year on year. Other income 200% of PBT. Tax rate 700%. Share price after the results: +3.6% in 30 days (Nifty 500: +3.3%).
  • Q3 FY25: Revenue ₹1,594 cr (+14% year on year), EBITDA ₹74.0 cr (+45% year on year), PAT −₹7.0 cr, EBITDA margin 4.6% (+99 bps). Score 45 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was well above it. EBITDA margin rose 99 bps year on year.

Past price moves after results do not indicate future moves. Not a recommendation.

Mahindra Logistics Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.