Mahindra Logistics Q2 FY27: Consolidated revenue Rs 2,095.43 cr; PAT Rs 28.87 cr

What the numbers show

• Net margin was 1.38% of revenue, up 187 bps from -0.50%.
• Revenue rose 24.3% while total expenses rose 21.8%.

• Revenue from operations (consolidated): Rs 2,095.43 cr vs Rs 1,685.27 cr in the quarter ended 30-Sep-25 (statement of financial results, consolidated)

• Total Income (consolidated): Rs 2,103.85 cr vs Rs 1,688.21 cr in the quarter ended 30-Sep-25 (statement of financial results, consolidated)

• Total expenses (consolidated): Rs 2,063.49 cr vs Rs 1,693.58 cr in the quarter ended 30-Sep-25 (statement of financial results, consolidated)

• Operating Expenses (consolidated): Rs 1,801.64 cr vs Rs 1,446.41 cr in the quarter ended 30-Sep-25 (statement of financial results, consolidated)

• Employee benefits expense (consolidated): Rs 122.00 cr vs Rs 106.46 cr in the quarter ended 30-Sep-25 (statement of financial results, consolidated)

• Finance cost (consolidated): Rs 15.44 cr vs Rs 21.67 cr in the quarter ended 30-Sep-25 (statement of financial results, consolidated)

• Depreciation and amortisation expense (consolidated): Rs 76.58 cr vs Rs 71.72 cr in the quarter ended 30-Sep-25 (statement of financial results, consolidated)

• Other expenses (consolidated): Rs 47.83 cr vs Rs 47.32 cr in the quarter ended 30-Sep-25 (statement of financial results, consolidated)

• Profit/(loss) before tax (consolidated): Rs 40.30 cr vs Rs (5.41) cr in the quarter ended 30-Sep-25 (statement of financial results, consolidated)

• Profit/(Loss) after tax (consolidated): Rs 28.87 cr vs Rs (8.36) cr in the quarter ended 30-Sep-25 (statement of financial results, consolidated)

• Profit/(loss) for the period attributable to shareholders of the company (consolidated): Rs 26.25 cr vs Rs (10.35) cr in the quarter ended 30-Sep-25 (statement of financial results, consolidated)

• Profit/(loss) for the period attributable to non-controlling interests (consolidated): Rs 2.62 cr vs Rs 1.99 cr in the quarter ended 30-Sep-25 (statement of financial results, consolidated)

• Total Comprehensive Income/(Losses) (consolidated): Rs 28.80 cr vs Rs (8.49) cr in the quarter ended 30-Sep-25 (statement of financial results, consolidated)

• Paid-up equity share capital (consolidated): Rs 99.28 cr vs Rs 99.18 cr in the quarter ended 30-Sep-25 (statement of financial results, consolidated)

• Basic earnings per share (consolidated): Rs 2.64 vs Rs (1.20) in the quarter ended 30-Sep-25 (statement of financial results, consolidated)

• Diluted earnings per share (consolidated): Rs 2.64 vs Rs (1.20) in the quarter ended 30-Sep-25 (statement of financial results, consolidated)

For the quarter ended 30-Sep-26 on a consolidated basis, Mahindra Logistics Limited reported revenue from operations of Rs 2,095.43 cr, higher than the Rs 1,685.27 cr reported in the corresponding quarter ended 30-Sep-25. Total Income increased to Rs 2,103.85 cr from Rs 1,688.21 cr over the same period, as per the consolidated statement of financial results.

Total expenses for the quarter rose to Rs 2,063.49 cr from Rs 1,693.58 cr a year earlier. Within this, Operating Expenses increased to Rs 1,801.64 cr from Rs 1,446.41 cr, Employee benefits expense moved up to Rs 122.00 cr from Rs 106.46 cr, and Depreciation and amortisation expense rose to Rs 76.58 cr from Rs 71.72 cr. Finance cost declined to Rs 15.44 cr from Rs 21.67 cr, while Other expenses were Rs 47.83 cr compared with Rs 47.32 cr in the corresponding quarter.

Profit/(loss) before tax on a consolidated basis improved to Rs 40.30 cr for the quarter ended 30-Sep-26 from a loss of Rs (5.41) cr in the quarter ended 30-Sep-25. Profit/(Loss) after tax moved to Rs 28.87 cr from a loss of Rs (8.36) cr over the same period. Profit/(loss) attributable to shareholders of the company was Rs 26.25 cr versus a loss of Rs (10.35) cr a year ago, while profit attributable to non-controlling interests was Rs 2.62 cr versus Rs 1.99 cr.

Total Comprehensive Income/(Losses) for the quarter stood at Rs 28.80 cr, compared with a loss of Rs (8.49) cr in the corresponding prior-year quarter. The paid-up equity share capital on the consolidated basis was Rs 99.28 cr, slightly higher than Rs 99.18 cr in the quarter ended 30-Sep-25. Basic and diluted earnings per share (face value Rs 10 per share, not annualised) were both reported at Rs 2.64 for the quarter, compared with Rs (1.20) in the same quarter of the previous year.