Mahindra Logistics Races Out of the Red as Auto Demand Hits High Gear

A central priority for Managing Director and CEO Hemant Sikka has been reviving the Express segment, which focuses on scheduled business-to-business shipping.

By Shahkar Abidi, Ketan Thakkar and Prerna Lidhoo calendar 05 May 2026 Views icon760 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Mahindra Logistics Races Out of the Red as Auto Demand Hits High Gear

Mahindra Logistics Limited (MLL) has shifted into high gear, reporting a  financial turnaround for the fiscal year ended March 31, 2026. After a challenging period of restructuring and market volatility, the company has successfully swapped last year's losses for a profitable finish, driven by the booming Indian automotive sector and a aggressive push into technology-led solutions.

The company’s full-year performance highlights a significant recovery. MLL recorded a consolidated Profit After Tax (PAT) of Rs 8.2 crore for FY26, a stark contrast to the Rs 35.8 crore loss reported in FY25. Total revenue for the year surged 15% to reach Rs 6,999.3 crore, up from Rs 6,104.8 crore the previous year.

The fourth quarter was particularly robust. Q4 FY26 revenue reached Rs 1,791.4 crore, a 14% increase compared to the same period last year. More importantly, the company achieved a Q4 profit of Rs 20.2 crore, compared to a Rs 6.7 crore loss in the prior-year quarter, signaling that the transformation journey is now firmly embedded.

As the automotive industry faces ongoing global supply chain shocks, occurring every 3 to 4 months in the current era, Mahindra Logistics has become a critical pillar of resilience for its parent, Mahindra & Mahindra (M&M). A significant portion of Mahindra Logistic's revenues come from Mahindra & Mahindra.

A key focus for Managing Director and CEO Hemant Sikka has been the turnaround of the Express business (scheduled business-to-business shipping). This segment saw a massive 49% revenue jump in Q4. By optimizing delivery routes and consolidating regional shipping hubs, MLL has significantly improved the profit margins for this once-troubled division.

In Last Mile Delivery (the final leg of delivery to the doorstep), the company is prioritizing "customer-level economics" over simply chasing volume. MLL is now a key player in the e-commerce and quick commerce space.

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