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Mahindra Logistics Q3 FY26 results (Oct–Dec 2025) and concall

Services · Concall AI · Call held 28 Jan 2026

Mahindra Logistics reported a significant turnaround in Q3 FY26, achieving profitability after 11 quarters of losses, with revenue growing 19% to INR 1,898 crores and EBITDA up 40% to INR 102.8 crores. This was driven by strong performance across most segments and improved gross margins. While the last mile delivery segment faced revenue and margin declines due to pricing pressures, the company is focused on sustained performance improvement and strategic growth initiatives.

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What they filed

Q3 FY26: revenue up 19.1%, net profit up 185.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue1,594 1,570 1,625 1,685 1,898 +19%
EBITDA74 78 76 85 103 +39%
Net profit-7 -5 -9 -8 6 +186%
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.