Mahindra Logistics

Quick check

The five things to look at first. Open one for more.

• DebtHigh safetyRated AA by ICRA.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 24% and profit rose 463% from a year earlier. (A year earlier it made a loss.)
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 60% of the company, about the same as in Sep 2025.
• ValuationCheap vs its pastThe share trades at 56.4 times its yearly earnings (P/E), cheaper than 99% of the time in the last 5 years. Its usual P/E is about 121.

Mahindra Logistics against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)56.4 against a typical 16.3: pricier than most peers (1st = cheapest).70th of 82
• Sales growth+24.3% against a typical +15.2% from a year earlier.27th of 65
• Share price, 3 months+5% against a typical −6.1%.22nd of 75
• Size₹ 3,698.3 Cr. market value against a typical ₹ 127.3 Cr. (1st = largest).9th of 82

Exchange filings and their impact on the company.

• 27 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesHigh impactPositivePrice −1% on 28 Oct
  Q2 confirms turnaround to profitable growth with Rivigo EBITDA-positive and ROCE at 12.9%.

  Mahindra Logistics reported Q2 FY27 revenue of Rs 2,095 crore, up 24% year-on-year, with PAT of Rs 26 crore versus a Rs 10 crore loss last year and EBITDA of Rs 124 crore. Its B2B express business Rivigo turned EBITDA-positive for the first time on 69% revenue growth, while contract logistics grew 28% and resolved its 1.6 million sq ft whitespace issue. The company is now net cash positive at Rs 308 crore with ROCE improving to 12.9%, and is shifting focus from cost control to profitable growth.

  Full analysisFiling
• 23 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice −3.5% that day
  Strong turnaround: 24% revenue growth and return to profit signals sharply higher earnings ahead.

  Mahindra Logistics reported Q2 FY27 consolidated revenue of Rs 2,095 cr, up 24% from Rs 1,685 cr last year, with net profit of Rs 28.9 cr versus a loss of Rs 8.4 cr. For H1, revenue was Rs 4,098 cr and profit was Rs 56.7 cr versus a loss last year. The turnaround was led by Supply Chain Management and lower finance costs, indicating stronger growth and profitability momentum for the company.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Hemant Sikka

Chief Executive Officer, Managing Director, Director

Saurabh Taneja

Chief Financial Officer, Chief Investor Relations Officer

Jignesh Ashok Parikh

Compliance Officer, Company Secretary

Mukund Krishnamurthy

Head - Auto and Farm Business

Sanjay Gawde

Head - Human Resource and Administration

Sandeep Kulkarni

Head - Fleet Businesses and Purchasing

Ankit Mandhania

Head Last Mile Delivery and Whizzard Business

Mansi Nagri

Head - Marketing and Communications & Sales Excellence