5407682025-10-012025-12-315407682025-12-315407682025-04-012025-12-315407682025-10-012025-12-31in-capmkt:OtherExpenses1Member5407682025-10-012025-12-31in-capmkt:OtherExpenses2Member5407682025-04-012025-12-31in-capmkt:OtherExpenses1Member5407682025-04-012025-12-31in-capmkt:OtherExpenses2Member5407682025-10-012025-12-31in-capmkt:ReportableSegments1Member5407682025-10-012025-12-31in-capmkt:ReportableSegments2Member5407682025-04-012025-12-31in-capmkt:ReportableSegments1Member5407682025-04-012025-12-31in-capmkt:ReportableSegments2Member5407682025-10-012025-12-31in-capmkt:ReportableSegments1Member5407682025-10-012025-12-31in-capmkt:ReportableSegments2Member5407682025-04-012025-12-31in-capmkt:ReportableSegments1Member5407682025-04-012025-12-31in-capmkt:ReportableSegments2Member5407682025-10-012025-12-31in-capmkt:ReportableSegments1Member5407682025-12-31in-capmkt:ReportableSegments1Member5407682025-10-012025-12-31in-capmkt:ReportableSegments2Member5407682025-12-31in-capmkt:ReportableSegments2Member5407682025-10-012025-12-31in-capmkt:ReportableSegments1Member5407682025-12-31in-capmkt:ReportableSegments1Member5407682025-10-012025-12-31in-capmkt:ReportableSegments2Member5407682025-12-31in-capmkt:ReportableSegments2Member5407682025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15407682025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares540768MAHLOGNOTLISTEDINE766P01016MAHINDRA LOGISTICS LIMITEDMain BoardEquity2025-04-012026-03-312026-01-272025-12-26INRCroresQuarterlyThird quarterMulti segment2026-01-2714:04:002026-01-2716:30:00Not applicable2025-10-012025-12-31UnauditedConsolidated18980300000526000001903290000000011020000001652000007169000001685040000018834500000198400000-7360000012480000095500000-3120000064300000060500000000-400000601000006000006070000032500000276000003270000028000000991800000100.330.33000.330.331. The Unaudited Consolidated 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. <BR> <BR> 2. The Unaudited Consolidated 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. <BR> <BR> 3. The Company has consolidated the financial results of its subsidiaries and Joint Venture as per the applicable Indian Accounting Standards. <BR> <BR> 4. 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. <BR> <BR> 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. <BR> <BR> 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. <BR> In accordance with the new Labour Codes, the Group has currently estimated the incremental impact on retiral benefits to be Rs 7.36 crore. This has been presented under “Exceptional Items” in the consolidated financial results. <BR> The Group 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. <BR> <BR> 7. Earnings per share for the comparative periods have been retrospectively adjusted for effects of rights issue during the period.2025-04-012025-12-31UnauditedConsolidated520789000001327000005221160000000032114000006072000002079800000462263000005212470000086900000-7360000013300000177700000-477000001300000000-116700000000-1200000-117900000-1400000-119300000-17900000061100000-1808000006150000099180000010-2.06-2.0600-2.06-2.06Operating expenses16403200000Other Expenses447200000Operating expenses44941300000Other Expenses1285000000Supply Chain Management17919200000Enterprise Mobility Service1106500000Supply Chain Management49316300000Enterprise Mobility Service28629000001902570000052179200000454000001003000001898030000052078900000Supply Chain Management111900000Enterprise Mobility Service12900000Supply Chain Management-61200000Enterprise Mobility Service7450000012480000013300000000012480000013300000Supply Chain Management30741800000Enterprise Mobility Service138220000032124000000032124000000Supply Chain Management19451000000Enterprise Mobility Service94410000020395100000020395100000Remeasurements of the defined benefit plans - Gains/(Losses)400000400000Remeasurements of the defined benefit plans - Gains/(Losses)-2200000-2200000-200000-800000600000-1400000