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Logistics LimitedMain BoardEquity2026-04-012027-03-312026-10-232026-09-28INRCroresQuarterlySecond quarterSingle segmentSupply Chain Management2026-10-2313:02:002026-10-2314:10:00trueCash Flow IndirectNot applicabletruetrueNANAfalsetrue2025-10-27https://mahindralogistics.com/tabs/cms/files/Policy-for-determinig-Material-RPTs.pdftrue1falseNot applicable as there is no default2026-07-012026-09-30UnauditedStandalone17137500000200900000173384000000009355000001302000006591000001514520000016870000000468400000046840000060000000321000009210000003763000000000376300000-700000375600000992800000103.793.78003.793.780001 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 23 October 2026. The statutory auditors have performed limited review of the financial results. <br /> <br /> 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. <br /> <br /> 3 The Board of Directors had recommended final dividend of Rs. 2.50 per equity share for the year ended 31 March 2026 at its meeting held on 23 April 2026 which has been approved by the Shareholders at the 19th Annual General Meeting held on 20 July 2026. The aforesaid dividend was paid during the quarter ended 30 September 2026 and resulted in outflow of Rs. 24.81 crores. <br /> <br /> 4 During the quarter ended 30 September 2026, the Company has allotted 54,919 equity shares of Rs. 10 each fully paid-up, on exercise of Restricted Stock Units (RSUs) by eligible employees under the Mahindra Logistics Employee Restricted Stock Unit Plan 2018. <br /> <br /> 5 During the quarter ended 30 September 2026, the Company received dividend income of Rs.15.00 crores from its subsidiary, Lords Freight (India) Private Limited, which has been recognised under Other Income.2026-04-012026-09-30UnauditedStandalone33686400000283800000339702000000001816500000246000000128460000029766900000331140000008562000000856200000200900000-1100000018990000006663000000000666300000-1400000664900000992800000106.716.7006.716.7000Operating Expenses14757100000Other Expenses388100000Operating Expenses29028500000Other 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parentAny other transactionInsurance Premium Payment towards Group Gratuity Scheme under Employee Benefit0Not applicable0000.00 in opening balance represents amount less than Rs.50,000MLL EXPRESS SERVICES PRIVATE LIMITED******Mahindra and Mahindra Limited******Ultimate Holding CompanySale of goods or services3450000000Approved1546300000458900000711100000MLL EXPRESS SERVICES PRIVATE LIMITED******Mahindra and Mahindra Limited******Ultimate Holding CompanyPurchase of goods or services1000000Approved10000000MLL EXPRESS SERVICES PRIVATE LIMITED******Mahindra and Mahindra Limited******Ultimate Holding CompanyAny other transactionReimbursement of Expenses to Parties1000000Approved02000000MLL EXPRESS SERVICES PRIVATE LIMITED******Mahindra Last Mile Mobility Limited******a subsidiary of a holding company to which it is also a subsidiarySale of goods or services0Not applicable49100000042500000MLL EXPRESS SERVICES PRIVATE LIMITED******Seino MLL Logistics Private Limited******Joint venture of 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subsidiarySale of goods or services0Not applicable3000003000000MLL Mobility Private Limited******LORDS Freight India Pvt Ltd******a subsidiary of a holding company to which it is also a subsidiaryAny other transactionREIMBURSEMENT FROM PARTIES0Not applicable30000000MLL Mobility Private Limited******Mahindra & Mahindra Limited******Ultimate Holding CompanySale of goods or services1400000000Approved622700000258500000343100000MLL Mobility Private Limited******Mahindra & Mahindra Limited******Ultimate Holding CompanyAny other transactionREIMBURSEMENT TO PARTIES20000000Approved210000000MLL Mobility Private Limited******Mahindra & Mahindra Limited******Ultimate Holding CompanyAny other transactionREIMBURSEMENT FROM PARTIES23000000Approved2190000000MLL Mobility Private Limited******MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED******a subsidiary of a holding company to which it is also a subsidiaryPurchase of goods or services0Not applicable2000001000000MLL Mobility Private Limited******Tech Mahindra Limited******Associate of Holding CompanySale of goods or services0Not applicable1094000003320000024800000MLL Mobility Private Limited******MLL Express Services Private Limited******a subsidiary of a holding company to which it is also a subsidiarySale of goods or services0Not applicable3400000900000800000MLL Mobility Private Limited******2 X 2 Logistics Private Limited******a subsidiary of a holding company to which it is also a subsidiarySale of goods or services0Not applicable0000.00 in transaction amount represents amount less than Rs.50,000MLL Mobility Private Limited******Mahindra World City Developers Limited******a subsidiary of a holding company to which it is also a subsidiarySale of goods or services0Not applicable13000005000001400000MLL Mobility Private Limited******SEINO MLL LOGISTICS PRIVATE LIMITED******Joint venture of Holding companySale of goods or services0Not applicable1100000100000200000ZIPZAP Logistics Private Limited******ANKIT MANDHANIA******Director of the CompanyAny other transactionReimbursement to parties0Not applicable10000000ZIPZAP Logistics Private Limited******MLL EXPRESS SERVICES PRIVATE LIMITED******a subsidiary of a holding company to which it is also a subsidiarySale of goods or services0Not applicable4000000300000ZIPZAP Logistics Private Limited******Maindra & Mahindra Limited******Ultimate Holding CompanyAny other transactionReimbursement to parties0Not applicable0000.00 in closing balance represents amount less than Rs.50,0002 X 2 LOGISTICS PRIVATE LIMITED******IVC LOGISTICS LIMITED******Investing Company or Venturer of the CompanySale of goods or services200000000Approved4100000510000013000002 X 2 LOGISTICS PRIVATE LIMITED******MAHINDRA AND MAHINDRA LIMITED******Ultimate Holding CompanyPurchase of goods or services80000000Approved990000010000002 X 2 LOGISTICS PRIVATE LIMITED******MAHINDRA AND MAHINDRA LIMITED******Ultimate Holding CompanySale of goods or services0Not applicable005000002 X 2 LOGISTICS PRIVATE LIMITED******IVC LOGISTICS LIMITED******Investing Company or Venturer of the CompanyInter-corporate deposit716300000Approved12580000059200000185000000Inter-corporate deposit0.15 yearsUnsecuredCapital Expenditure for purchase of fleets/vehicles7.75% p.a. - linked to 3 months T-Bill (3 months T-bill i.e. 5.25% + 245bps) upto a maximum of 10% p.a., with reset every 6 months.2 X 2 LOGISTICS PRIVATE LIMITED******IVC LOGISTICS LIMITED******Investing Company or Venturer of the CompanyInterest paid88200000Approved4500000002 X 2 LOGISTICS PRIVATE LIMITED******IVC LOGISTICS LIMITED******Investing Company or Venturer of the CompanyAny other transactionREIMBURSEMENT TO PARTIES10000000Approved22000005920000002 X 2 LOGISTICS PRIVATE LIMITED******MAHINDRA AND MAHINDRA LIMITED******Ultimate Holding CompanyAny other transactionREIMBURSEMENT TO PARTIES500000Approved0000.00 in closing balance represents amount less than Rs.50,000V-LINK FREIGHT SERVICES PRIVATE LIMITED******MAHINDRA AND MAHINDRA LIMITED******Ultimate Holding CompanyAny other transactionREIMBURSEMENT TO PARTIES0Not applicable1000000100000V-LINK FREIGHT SERVICES PRIVATE LIMITED******LORDS FREIGHT (INDIA) PRIVATE LIMITED******a subsidiary of a holding company to which it is also a subsidiaryAny other transactionTRADE ADVANCES RECEIVED10000000Approved1000000100000V-LINK FREIGHT SERVICES PRIVATE LIMITED******LORDS FREIGHT (INDIA) PRIVATE LIMITED******a subsidiary of a holding company to which it is also a subsidiaryAny other transactionREIMBURSEMENT FROM PARTIES1500000Approved10000000Mahindra Logistics Limited******Mahindra & Mahindra Financial Services Limited******a subsidiary of a holding company to which it is also a subsidiaryAny other transactionREIMBURSEMENT FROM PARTIES0Not applicable06000000Mahindra Logistics Limited******Mahindra University******Associate of Holding CompanyPurchase of goods or services10000000Approved06000000Mahindra Logistics Limited******Yash Jalta******Relative of Director /KMP of Holding CompanyRemuneration6000000Approved340000000MLL Mobility Private Limited******Mahindra & Mahindra Limited******Ultimate Holding CompanyPurchase of goods or services150000000Approved03300000029358000000Rights Issues2025-07-1174927000002026-09-30trueCARE RATINGS LIMITEDfalseNot ApplicableThe Audit Committee/Board noted that utilization is in line with the objects of the rights issue.Isha DalalChief Financial OfficerMumbai2026-10-23Repayment and/or prepayment, in full or part, of all or a portion of certain borrowings availed by our Company and certain SubsidiariesNil5563000000055793000000Since the actual spending on issue expenses was lower than the estimate provided in the Offer Document by Rs.1.63 crore, the unutilised amount has been utilised towards repayment of WCDL in accordance with the ‘Schedule of Implementation, Utilisation and Deployment of Net Proceeds’ and the ‘Details of the Objects of the Issue’ in Q3FY26.General Corporate Purpose (GCP)Nil1867700000013642000000Out of the total issue proceeds, Rs.22.06 crore was utilised during Q2FY27 towards capital expenditure payments to vendors in accordance with the objects of the issue. Of this, Rs.11.55 crore was utilised for extending an inter-corporate deposit (ICDs) to 2X2 Logistics Private Limited, a subsidiary of MLL, pursuant to the approval of the Board of Directors. <br /> <br /> The balance funds would be utilised for General Corporate Purpose in future periods as per business requirement.Issue Related ExpenseNil620000000457000000Since the actual spending on issue expenses was lower than the estimate provided in the Offer Document by Rs.1.63 crore, the unutilised amount has been utilised towards repayment of WCDL in accordance with the ‘Schedule of Implementation, Utilisation and Deployment of Net Proceeds’ and the ‘Details of the Objects of the Issue’ in Q3FY26.