Integrated Filing — IndAS



General information about company

Scrip Code 000000
NSE Symbol MAHESHWARI
MSEI Symbol NOTLISTED
ISIN INE263W01010
Name of company MAHESHWARI 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 14-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-02-2026
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 Consolidated
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 Multi segment
Description of single segment
Start date and time of board meeting 14-02-2026   15:00:00
End date and time of board meeting 14-02-2026   16:40:00
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



Financial Results Ind-AS

Amount in (Lakhs)

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 Consolidated Consolidated
1 Income
Revenue from operations 27,284.48 81,608.56
Other income 70.04 432.43
Total income 27,354.52 82,040.99
2 Expenses
(a) Cost of materials consumed 4,225.00 16,442.84
(b) Purchases of stock-in-trade 17,298.60 49,171.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (976.73) (1,156.26)
(d) Employee benefit expense 634.91 1,664.89
(e) Finance costs 821.01 2,571.54
(f) Depreciation, depletion and amortisation expense 463.82 1,297.78
(f) Other Expenses
1 Other expenditure 4,317.51 10,262.47
Total other expenses 4,317.51 10,262.47
Total expenses 26,784.12 80,254.26
3 Total profit before exceptional items and tax 570.40 1,786.73
4 Exceptional items 0.00 0.00
5 Total profit before tax 570.40 1,786.73
6 Tax expense
7 Current tax 141.85 427.25
8 Deferred tax 76.93 175.49
9 Total tax expenses 218.78 602.74
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 351.62 1,183.99
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 351.62 1,183.99
17 Other comprehensive income net of taxes (4.99) 15.23
18 Total Comprehensive Income for the period 346.63 1,199.22
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 381.568 1,212.928
Total profit or loss, attributable to non-controlling interests (29.928) (28.928)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (4.993) 15.227
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 2,959.72 2,959.72
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 1.29 4.1
Diluted earnings (loss) per share from continuing operations 1.29 4.1
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 1.29 4.1
Diluted earnings (loss) per share from continuing and discontinued operations 1.29 4.1
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The unaudited Consolidated financial results of the Company for the Quarter and Nine months ended December 31 2025 have been prepared in accordance with the Indian Accounting Standards Ind As as prescribed under section 133 of the Companies Act 2013 read with the Companies India Accounting Standards Rules 2015 as ammended. 2. The above Unaudited Consolidated Financial Results of the company were reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 14th February 2026. 3. The unaudited consolidated financial results relate to Maheshwari Logistics Limited and its subsidiary Maheshwari Logistics India LLP Vidhik Prints Pvt Ltd and Maheshwari Motor Service Private limited and are prepared by applying Ind AS 110 Consolidated Financial Statements. 4. Figures for previous periods have been regrouped or reclassified wherever considered necessary. 5. The results for Nine month period ended December 31 2025 are available on the National Stock Exchange of India Limited website URL www.nseindia.com and on the Company website URL www.mlpl.biz.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Trading Segment 18,311.21 50,471.23
2 Transportation & Port Service 3,526.01 9,874.54
3 Manufacturing Kraft Paper 7,036.67 24,811.21
4 Unallocated (expenses) / income (net) 0.00 0.00
5 Inter Segment 0.00 0.00
Total Segment Revenue 28,873.89 85,156.98
Less: Inter segment revenue 1,589.41 3,548.42
Revenue from operations 27,284.48 81,608.56
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Trading Segment 538.30 1,410.43
2 Transportation & Port Service 44.84 278.26
3 Manufacturing Kraft Paper 799.60 2,696.16
4 Unallocated (expenses) / income (net) 8.67 (26.57)
5 Inter Segment 0.00 0.00
Total Profit before tax 1,391.41 4,358.28
i. Finance cost 821.01 2,571.54
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 570.40 1,786.74
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Trading Segment 23,704.08 23,704.08
2 Transportation & Port Service 5,546.07 5,546.07
3 Manufacturing Kraft Paper 34,822.55 34,822.55
4 Unallocated (expenses) / income (net) 0.00 0.00
5 Inter Segment (2,898.34) (2,898.34)
Total Segment Asset 61,174.36 61,174.36
Un-allocable Assets 7,165.19 7,165.19
Net Segment Asset 68,339.55 68,339.55
4 Segment Liabilities
Segment Liabilities
1 Trading Segment 17,825.91 17,825.91
2 Transportation & Port Service 3,564.97 3,564.97
3 Manufacturing Kraft Paper 16,080.07 16,080.07
4 Unallocated (expenses) / income (net) 0.00 0.00
5 Inter Segment (2,399.61) (2,399.61)
Total Segment Liabilities 35,071.34 35,071.34
Un-allocable Liabilities 11,988.65 11,988.65
Net Segment Liabilities 47,059.99 47,059.99
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

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 Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement gains/ (losses) on defined benefit plans 8.39 19.21
2 Net fair value gain/(loss) on investments in equity through OCI (15.06) 1.14
3 Income tax relating to above 3.79 (0.29)
Total Amount of items that will not be reclassified to profit and loss (2.88) 20.06
2 Income tax relating to items that will not be reclassified to profit or loss 2.11 4.83
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 (4.99) 15.23