| Scrip Code | 540768 |
|---|---|
| NSE Symbol | MAHLOG |
| MSEI Symbol | NOTLISTED |
| ISIN | INE766P01016 |
| Name of company | MAHINDRA LOGISTICS LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 27-01-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 26-12-2025 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | Supply Chain Management |
| Start date and time of board meeting | 27-01-2026 14:04:00 |
| End date and time of board meeting | 27-01-2026 16:30:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | Yes |
| No. of times funds raised during the quarter | 1 |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| There is no default. | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 1,54,530.00 | 4,25,803.00 | |
| Other income | 392.00 | 838.00 | |
| Total income | 1,54,922.00 | 4,26,641.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0.00 | 0.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 8,435.00 | 24,422.00 |
| (e) | Finance costs | 1,430.00 | 4,711.00 |
| (f) | Depreciation, depletion and amortisation expense | 6,247.00 | 18,121.00 |
| (f) | Other Expenses | ||
| 1 | Operating expenses | 1,33,280.00 | 3,65,806.00 |
| 2 | Other expenses | 3,518.00 | 10,189.00 |
| Total other expenses | 1,36,798.00 | 3,75,995.00 | |
| Total expenses | 1,52,910.00 | 4,23,249.00 | |
| 3 | Total profit before exceptional items and tax | 2,012.00 | 3,392.00 |
| 4 | Exceptional items | (476.00) | (476.00) |
| 5 | Total profit before tax | 1,536.00 | 2,916.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 721.00 | 1,263.00 |
| 8 | Deferred tax | (325.00) | (510.00) |
| 9 | Total tax expenses | 396.00 | 753.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 1,140.00 | 2,163.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 1,140.00 | 2,163.00 |
| 17 | Other comprehensive income net of taxes | (6.00) | (20.00) |
| 18 | Total Comprehensive Income for the period | 1,134.00 | 2,143.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 9,918.00 | 9,918.00 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 1.15 | 2.49 | |
| Diluted earnings (loss) per share from continuing operations | 1.15 | 2.49 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 1.15 | 2.49 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 1.15 | 2.49 | |
| 24 | Debt equity ratio | 0 | 0 |
| 25 | Debt service coverage ratio | 0 | 0 |
| 26 | Interest service coverage ratio | 0 | 0 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. The Unaudited Standalone Financial Results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective Meetings held on 27 January 2026. The statutory auditors have performed limited review of the financial results. 2. The Unaudited Standalone Financial Results have been prepared and published in accordance with the Indian Accounting Standards, Section 133 of the Companies Act, 2013 read with Rules framed thereunder and Regulation 33 of SEBI Listing Regulations, as amended from time to time. 3.During the quarter ended 31 December 2025 the Company has granted 1,70,836 Performance Stock Units (PSUs) under the Mahindra Logistics Employee Performance Stock Unit Plan 2025. 4. On 3 November 2025, the Company acquired 5,00,00,000 equity shares of Rs. 10 each fully paid pursuant to the rights offer made by MLL Express Services Private Limited amounting to Rs. 50.00 crores for cash consideration. 5. On 11 November 2025, the Company acquired the balance stake of 0.95% (22,500 equity shares) in Lords Freight (India) Private Limited ('Lords'), pursuant to Share Purchase Agreement entered on 28 October 2025. Post this acquisition, Lords has become wholly owned subsidiary of the Company w.e.f. 11 November 2025. 6. On 21 November 2025, the Government of India notified the four Labour Codes-the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively “new Labour Codes”)- consolidating 29 existing labour laws. In accordance with the new Labour Codes, the Company has currently estimated the incremental impact on retiral benefits to be Rs. 4.76 crores. This has been presented under “Exceptional Items” in the standalone financial results. The Company continues to monitor developments on the Rules to be notified by regulatory authorities, including clarifications/additional guidance from authorities and will continue to assess the accounting implications, basis such developments/guidance. 7.Earnings per share for the comparative periods have been retrospectively adjusted for effects of rights issue during the period. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurements of the defined benefit plans - gains/(losses) | (8.00) | (27.00) |
| Total Amount of items that will not be reclassified to profit and loss | (8.00) | (27.00) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (2.00) | (7.00) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (6.00) | (20.00) |
| Mode of Fund Raising | Rights Issues |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 11-07-2025 |
| Amount Raised | 74,927.00 |
| Report filed for Quarter ended | 31-12-2025 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | CARE RATINGS LIMITED |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | |
| Comments of the Audit Committee after review | |
| Comments of the auditors, if any |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| 1 | Repayment and/or prepayment, in full or part, of all or a portion of certain borrowings availed by our Company and certain Subsidiaries | Nil | 55,630.00 | 0.00 | 55,793.00 | 0.00 | 100% proceeds of this object has been utilized in accordance with the Offer Document. The unutilized proceeds of Rs.1.63 crores of issue related expenses has been utilized towards repayment of Working Capital Demand Loan in accordance with the Offer Document |
| 2 | General corporate purpose | Nil | 18,677.00 | 0.00 | 9,046.00 | 0.00 | The proceeds of this object were utilised for 1. investment in MLL Express Services Private Limited, a subsidiary of the Company: Rs. 50 crore, 2. placement of inter-corporate deposit (ICD) with 2X2 Logistics Private Limited, a subsidiary of the Company Rs. 7.24 crore, 3. capital expenditure payments to vendors: Rs. 4.85 crore, 4. repayment of Working Capital Demand Loan: Rs 28.37 crore, as per the objects of the issue. Board approvals for investment in MLL Express Services Private Limited and placement of ICD in 2X2 Logistics Private Limited are in place in accordance with the offer document. The unutilised funds would be utilised for General Corporate purpose in future periods as per business requirement. |
| 3 | Issue related expenses | Nil | 620.00 | 0.00 | 457.00 | 0.00 | The proceeds of this object were utilised towards payment of issue expenses and reimbursement of issue-related expenses during Q3FY26. Since the actual spending on issue expenses is lower than the estimate provided in the Offer Document by Rs 1.63 crore, the unutilised amount has been utilised towards repayment of Working Capital Demand Loan in accordance with the Offer Document. |
| Name of signatory | Isha Dalal |
| Designation of person | Chief Financial Officer |
| Place | Mumbai |
| Date | 27-01-2026 |