Mahindra Logistics revenue jumps 19% at ₹1,545 crores in Q3 FY26
This growth is driven by broad-based momentum across 3PL, freight forwarding, mobility and express segments.;
Source: X (Mahindralog_MLL)
Mahindra Logistics (MLL), one of India’s integrated logistics and mobility solutions providers, has reported a 19% year-on-year (YoY) growth in consolidated revenue for the third quarter of FY26. Driven by broad-based momentum across its core segments, the company announced , touching ₹1,545 crores compared to ₹1,327 crores in the corresponding quarter of the previous year.
The company witnessed robust earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at ₹103 crores, registering a sharp increase of 39% YoY from ₹74 crores in Q3 FY25.
While the company reported an operational PAT loss of ₹9.2 crores (compared to ₹9.03 crores previously), the overall quarter was declared profitable by the management, attributed to a strategic focus on portfolio consolidation and strict cost discipline.
Hemant Sikka, Managing Director and CEO of Mahindra Logistics said, "After 11 straight quarters of losses, we have returned to profitability, driven by sharper execution, stronger cost discipline, and a more focused growth strategy. Over the past few months, we have stabilised our leadership structure, strengthened alignment across the organisation, and rebuilt execution rigor on the ground."
Sikka further noted that the company is taking disciplined steps to exit unviable relationships while selectively investing in high-return opportunities. "Our actions are translating into visible operational improvements, both in margin expansion and revenue growth," he added.
The freight forwarding segment recorded a 33% YoY growth, showing resilience despite ongoing cost and infrastructure headwinds. The mobility business maintained strong momentum with 38% YoY growth and an 18% sequential increase, bolstered by higher volumes from new B2B customer wins.
The express business continued its margin improvement journey, reporting a 19% increase in delivered volumes and seeing gross margin expansion supported by strict yield discipline.
Conversely, in the last mile delivery segment, the company focused on productivity-led cost rationalisation and exited low-margin activities; however, revenue and margins were impacted by competitive pricing pressures.