MAHLOG Mahindra Logistics Q2 FY26 results (Jul–Sep 2025) and concall
Mahindra Logistics reported a robust Q2 FY26 with an 11% YoY revenue growth to ₹1,685 crores and a notable expansion in consolidated gross margin to 10.1%. The company successfully deleveraged its balance sheet, reducing consolidated debt to ₹73 crores, and achieved a significant turnaround in its Express business by making it gross margin positive. However, profitability was impacted by a one-time doubtful debt provision, and the last-mile delivery segment continues to navigate pricing pressures.
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What they filed
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|
| Revenue | 1,594 | 1,570 | 1,625 | 1,685 |
| EBITDA | 74 | 78 | 76 | 85 |
| Net profit | -7 | -5 | -9 | -8 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
