Mahindra Logistics Ltd. · NSE:MAHLOG
Mahindra Logistics — Q2 FY27 Earnings Presentation
23 slides from Mahindra Logistics's earnings presentation, Oct 23, 2026
Slide 1: Exchange filing cover letter: Earnings Presentation Q2 FY27
Mahindra Logistics Limited Arena Space, 10th & 11th Floor, Plot No. 20, Jogeshwari Vikhroli Link Road, Near Majas Bus Depot, Jogeshwari (East), Mumbai – 400060, Maharashtra. Tel: +91 22 6836 7900 Email: [email protected] www.mahindralogistics.com CIN: L63000MH2007PLC173466 Ref: MLLSEC/
Slide 2: Q2 FY27 Investor Presentation: Business & Earnings Update
Q2 FY27 Investor Presentation Business & Earnings Update October 2026
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Mahindra Logistics Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 4: Business Update
Igniting Success) Business Update mahindra LOGISTICS
Slide 5: Our Business Segments
Our Business Segments Contract Last Mile Freight Express Mobility Logistics Delivery Forwarding ▪ Integrated w/h & distribution Tech-first, PAN India B2B Express Intra-city fulfilment & distribution Ocean, air freight, air cargo charter Mobility solutions for enterprises, ▪ FTL & Multimodal transpor
Slide 6: Q2FY27 - Key Highlights
Q2FY27 - Key Highlights Segments Business Performance Profitability ▪ Overall revenue at ₹1,688 Cr, growth of 28% YoY ▪ EBITDA at ₹115 Cr; profitability growth in line with Contract Logistics ▪ Momentum in Auto business, strong pipeline across segments revenue ▪ Overall revenue at ₹169 Cr, growth of
Slide 7: Management Commentary
Management Commentary Mr. Hemant Sikka – Managing Director and CEO “Q2 FY27 was a strong quarter, with revenue growing 24% YoY and PAT improving 3.5 times to ₹26 crore. These results reflect the benefits of sharper execution, stronger operating discipline and a clear focus on profitable growth. We a
Slide 8: MLL Investment Thesis
- Profitable & large M&M business growing YoY M&M growing at ~20% CAGR over last 3 yrs - Amongst key LSPs in E-comm/ Q-comm segment Revenue of ~1,000 Crs p.a. MLL Investment - Margin expansion measures under play Thesis Multiple initiatives under progress - Leadership focus on profitable growth vs.
Slide 9: Key focus areas for Mahindra Logistics
Key focus areas for Mahindra Logistics STRATEGIC IMPERATIVES 1 Contract Logistics 2 Express 3 Leader in 4 Tech as a Scale-up Turnaround Ops Excellence differentiator - Penetrate deeper in existing - Acquire profitable - Improve customer - Automate workflows segments customers satisfaction index acro
Slide 10: Corporate Social Responsibility
Corporate Social Responsibility BUILDING COMMUNITIES EDUCATION SKILL DEVELOPMENT Police welfare initiatives Nanhi Kali program NAPS program (KC Mahindra Trust) (Skill development initiative) -Distribution at Tepla: • Winter jackets - Education and holistic • Safety jackets development of - Hiring an
Slide 11: MLL Police Welfare Project
MLL Police Welfare Project Under the Police Welfare initiative, various CSR activities were undertaken to support the safety, comfort and well-being of police personnel. The initiatives included distribution of raincoats, safety shoes, chairs and other essential equipment across multiple locations,
Slide 12: Drive to Net Zero
Drive to Net Zero Carbon Neutral by 2040 1,400+ EV1 5 IGBC Gold & BRSR 1,73,800+ 2W, 3W & 4W Platinum Integrated Annual Saplings planted PCV Certified buildings Report 9000+ Kg ESG Rating ~68.5 Million2 4.4 Mn Sq Feet Waste Plastic EcoVadis – Green KM with Solar Powered Collected Committed Badge EVs
Slide 13: Financial Update
Igniting Successpp> Financial Update mahindra LOGISTICS
Slide 14: Consolidated Financial Highlights
Amount in Rs. Cr Consolidated Financial Highlights +23.8% +25.5% 4,098.3 405.9 3,309.9 323.6 +24.3% +24.2% Revenue GM 2,002.9 2,095.4 211.4 194.5 1,685.3 170.2 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 GM % 10.1% 9.7% 10.1% 9.8% 9.9% +48.4% +344.0% 239.4 51.6 +353.4% +45.
Slide 15: Consolidated Income Statement-Q2 FY27
Consolidated Income Statement-Q2 FY27 Amount in Rs. Cr 14
Slide 16: Consolidated Balance Sheet
Amount in Rs. Cr Consolidated Balance Sheet Particulars Sep-26 Mar-26 Particulars Sep-26 Mar-26 NON-CURRENT ASSETS 1,510.8 1,470.2 EQUITY 1,234.4 1,199.3 Property, Plant and Equipment 352.3 327.3 Equity Share Capital 99.3 99.2 Right of Use Asset 615.5 562.1 Share Application Money - - Net Investment
Slide 17: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Amount in Rs. Cr Particulars Sep-26 Sep-25 Operating Profit before working Capital changes 269.2 178.2 Changes in working Capital -43.3 -156.4 Cash generated from operations 225.9 21.9 Direct taxes paid (net of refund) 7.3 -57.5 Net cash from Operating Activities (A)
Slide 18: Adjusted EBITDA Bridge
Adjusted EBITDA Bridge Amount in Rs. Cr Particulars Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 Revenue 2095.4 2002.9 1685.3 4098.3 3309.9 Reported EBITDA 124.0 115.4 85.1 239.4 161.3 Reported EBITDA % 5.9% 5.8% 5.0% 5.8% 4.9% Less: Rent Reversal 63.4 58.6 55.2 122.0 99.1 Adjusted EBITDA 60.5 56.9 29.9 117.4
Slide 19: Segment Wise Performance | Quarter view
Segment Wise Performance | Quarter view Amount in Rs. Cr Revenue GM EBITDA Entity Q2 FY27 Q1 FY27 Q2 FY26 Q2 FY27 Q1 FY27 Q2 FY26 Q2 FY27 Q1 FY27 Q2 FY26 1,976.1 1,891.9 1,595.4 201.0 185.6 161.5 120.6 113.0 83.0 SCM 4.5% 23.9% 8.3% 24.5% 6.7% 45.3% 1,687.8 1,623.7 1,317.0 178.0 165.6 148.4 114.9 11
Slide 20: Segment Wise Performance | Year view
Amount in Rs. Cr Segment Wise Performance | Year view 19 Revenue after intercompany eliminations
Slide 21: Key milestone: Express business EBITDA turnaround
Express business | EBITDA turnaround Strengthening Pricing model Operational efficiency Service enhancement Focused pricing actions to capture Strengthening of governance Increase in utilization levels across value, commensurate with the framework around improvement in key lanes by leveraging techno
Slide 22: Contact Us
Contact Us Company : Investor Relations Advisors : CIN: L63000MH2007PLC173466 CIN: U74140MH2010PTC204285 Mrs. Isha Dalal Mr. Mandar Chavan / Mr. Shogun Jain Chief Financial Officer [email protected] / [email protected] [email protected] +91 96993 82195 / +91 77383 77756 www.mah
Slide 23: Thank You
THANKYOU Corporate Office 10 & 11 Floor, Arena Space Plot No 20, Jogeshwari-Vikhroli Link Road, Near Majas Depot, Jogeshwari (East) Mumbai- 400 060 Maharashtra, India C.I.N: L63000MH2007PLC173466 Email: [email protected] [email protected] Website : www.mahindralogistics.c