Mahindra Logistics Ltd. · NSE:MAHLOG
Mahindra Logistics — Q1 FY26 Earnings Presentation
44 slides from Mahindra Logistics's earnings presentation, Jul 21, 2025
Slide 1: Exchange intimation letter for earnings presentation
mahindra Mahindra Logistics Limited 10th & 11 Arena Space, 10th th 11th Floor, LOGISTICS V Plot No. 20, Jogeshwari Vikhroli Link Road, Near Majas Bus Depot, Jogeshwari (East), Mumbai — – 400060, Maharashtra. Tel: +91 +91 22 6836 7900 Email: enq enquiries@mahindralogistics.com uiries@ma hindralogisti
Slide 2: Q1 FY26 Investor Presentation
Igniting Success * -*a e 6. ••4mil ss ":7= —, • -— - rLp,,thsinhu Loc. cs Tics ng 0.° 0 0.0. 60-1Tf'l °-11 Q1 FY26 Investor Presentation Q1 Business & Earnings Update mahindra LOGISTICS July 2025 July 2025
Slide 3: Safe Harbor
Igniting Success Safe Harbor This presentation and the accompanying slides (the "Presentation"), “Presentation”), which have been prepared by Mahindra Logistics Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation t
Slide 4: Company Overview
Igniting Success Company Overview mahindra LOGISTICS
Slide 5: India's leading logistics provider of integrated solutions
Igniting Success India’s leading India's leading logistics logistics provider provider of of integrated solutions integrated solutions milI•i• al, ,. ■ ®® 4 1 . Contract Logistics Contract Logistics B2B Express B2B Express Providing Transportation, Transportation, A B2B express and PTL Warehousing,
Slide 6: Multi service provider for mobility solutions
Igniting Success Multi service provider for mobility solutions Employee Transportation Employee Transportation / AA Airport Services Airport Services Providing end-to-end employee 4/ 4 Dedicated booking Dedicated booking counter counter transportation services 11 with Kerb-side pickup pickup 4 4 mah
Slide 7: Leading logistics service provider
Igniting Success Leading logistics service provider 21.1 Mn+ ••• 30,000+ _Ho,. moo+ 1,100+ Sq. ft. ft. space space under under management management workforce Total workforce Locations across Locations across India India Sq. across India across O 19,000+ 19,000+ Pin-codes covered covered 1,660+ flee
Slide 8: Macros are stable, driven by technology and sustainable logistics
Igniting Success Macros are Macros are stable, stable, continue to be continue to be driven driven by technology enhancements by technology enhancements and and sustainable sustainable logistics logistics Industry Trends Industry Trends e N I var *e * • Changing Channel Emerging demand demand Govern
Slide 9: Presence in High Growth Segments
Igniting Success Presence in High Growth Segments Segments (End-Markets) (End-Markets) ▪ India is 4th largest is 4th largest automobile automobile market market in in the the world by production world by production Auto Auto 01 ▪ Favorable ecosystem Favorable ecosystem for for exports exports & & go
Slide 10: Business Updates
Igniting Success Business Updates mahindra LOGISTICS
Slide 11: Management Commentary
Igniting Success Management Commentary Mr. Hemant Mr. Hemant Sikka Sikka — – Managing Managing Director Director and and CEO CEO “At "At Mahindra Logistics, we focus focus on navigating complexity with intent—mobilising our strengths, channelling collective potential, and challenging limits to drive
Slide 12: Q1 FY26 Business Highlights
Igniting Success Q1 FY26 Business Highlights • Contract Logistics B2B Express Cross border Cross border Last Mile Delivery Last Mobility I 01 02 03 03 04 04 05 05 ........----........, O f •t I'M U ▪• Overall Overall revenue at ₹97 revenue at ₹97 Cr, Cr, ▪ Overall revenue at ₹1,289 Cr, ▪• Overall re
Slide 13: Contract Logistics - Key Trends & Opportunities
Igniting Success Contract Logistics - Key Trends & Opportunities Logistics Sector Industry Structure Key Trends iii; ▪ for Integrated Higher Demand for Integrated 2,400 2,400 ▪ fragmented with Highly fragmented with top top 10 10 Solutions instead Solutions instead of of piece-meal piece-meal ~15% s
Slide 14: Contract Logistics - Core competency & capabilities
Igniting Success Contract Logistics - Core competency & capabilities End transport End to End transport Warehousing solution Warehousing solution Integrated Solutions Integrated Solutions solutions solutions Manage WH with expertise in Centralized management Centralized management Single point of co
Slide 15: Contract Logistics - Operating Highlights
Igniting Success Contract Logistics - Operating Highlights Space under Operating management locations 19 + 19+ Mn. Sq. Ft. Sq. Ft. 400+ Mahlnejr , Loa.sTice H, Im 1 -44 44,3t. AIN *" " 44 "a• Vehicles Vehicles Business Deployed Associates 15,000+ 1,500+ 1.500+ Trucks Trucks Per month Per 14 mahindra
Slide 16: B2B Express – Key trends and Opportunities
Igniting Success B2B Express – Key Key trends trends and and Opportunities Opportunities B2B Express (Surface) Industry Structure Key Trends iii; ob, 24,000 ▪ Organized players Organized players account for account for ▪- demand for Increasing demand for Direct Direct to to 14,000 ~70% of -70% of vo
Slide 17: B2B Express – Core competency & capabilities
Igniting Success B2B Express – Core Core competency competency & & capabilities capabilities Significant Network Coverage • ..112.71 .• ▪ Pan India coverage - 19,000+ Pin-codes • 4 • ▪ ~200 Processing Centers & Branches/Terminals * * • lar-1-72 • -200 110173. • • 9 • ▪ 500+ 500+ partners for first p
Slide 18: B2B Express – Operating Highlights
Igniting Success B2B Express – Operating Highlights Pin-code Space under reach reach management 19,000 ~1.4 Direct+ODA Ft. Mn. Sq Ft. mahindra LOGISTICS fi Pr Trans-shipment Line Hauls & Hubs & Hubs & DCs DCs Mid-mile ---- 260+ 1,100+ Trucks RIVIG0 'CM IliME 17 17 mahindra Values as on 30th June 202
Slide 19: Cross Border – Key Trends & Opportunities
Igniting Success Cross Border – Key Trends Cross Trends & & Opportunities Opportunities Freight Forwarding Industry Structure Key Trends iii; V• GP,G1 ▪ fragmented, dominated Highly fragmented, dominated by by ▪ Near shoring Near shoring on on account account of of regional regional 64,000 forwarder
Slide 20: Cross Border – Core competency & capabilities
Igniting Success Cross Border – Core competency & capabilities Expanding International Expanding International Air Freight Air Freight Ocean Freight Ocean Freight Project Logistics Project Logistics presence presence 400 Nom ► Ocean consolidation: USA ► ODC solutions catering catering to presence in
Slide 21: Cross Border – Core competency & capabilities
Igniting Success Cross Border – Core competency & capabilities IF Ocean Freight Ocean Freight Rate Index Volume ~ 40% ↑ ~2,000+ 2,000+ vs vs Q4 FY24 TEUs per quarter TEUs per quarter Fe, .••• Jelf; • IIIIIIIII Air Freight No. of Forwarding Wit s • .: F • Volume Volume Lanes ~1,200+ ~1,200+ 50+ r. To
Slide 22: Last Mile Delivery – Key Trends & Opportunities
Igniting Success Last Mile Last Mile Delivery Delivery – Key Key Trends Trends & & Opportunities Opportunities 9 Last Mile Delivery, India Industry Structure Key Trends Trends ▪ Last Mile Last Mile is is most most expensive expensive ▪• High growth in Micro fulfillment, 36,500 Oh component of supply
Slide 23: Last Mile Delivery – Strengthening our leadership position in EV
Igniting Success Last Mile Delivery – Strengthening our leadership position in EV Vehicle as Vehicle as a a Service Service Ii Offer a fleet of vans (with drivers) to customers who then PIT 44, L VelMtent use it as per their requirement !re -r - %.; 7.402.,u J$ LI • Yi ti y • i, Distribution as Dist
Slide 24: Last Mile Delivery – Operating Highlights
Igniting Success Last Mile Delivery – Operating Highlights .., .. .7' ':. A. I it Volume Fleet 4" .. . • •.' c eDeL o handled Deployed Feu eDeLr=.-- e,-.._a 350,000+ 6,000+ orders per day orders per day Vehicles per day Vehicles per day •b • . ecieL> Last Mile Geographic stations stations Reach Reac
Slide 25: Mobility – Key Trends and Opportunities
Igniting Success Mobility – Key Trends and Opportunities Enterprise Mobility Industry Structure Key Trends iii; CPA 20,000 ▪ Highly fragmented with large with large ▪ in Air Recovery in Air passenger passenger traffic, traffic, 14,000 unorganized supply unorganized supply Business travel growth in B
Slide 26: Mobility – Core competency & capabilities
Igniting Success Mobility – Core competency & capabilities IM.M• . •KFJ - 1•••••••. S i Enterprise Mobility Enterprise Mobility Services Services Cab on Cab on Demand Demand Services Services Airport & Airport & Outstation Outstation Upkeep Services Upkeep Services ▪ Fleet Management ▪ Premium Vehic
Slide 27: Mobility – Operating Highlights
Igniting Success 0 Delivery -– Operating Highlights Last Mile Delivery No. of No. of vehicles Trips deployed 12,000+ 5,000+ Per day Per per day Vehicles per lyte► 1, If , No. of operating No. of supply rrr , titi locations partners 100+ 300+ Per day Pan-India 26 26 mahindra Values as on 30 th June 2
Slide 28: Drive to Net Zero
Igniting Success Net Zero Drive to Net Zero 4.1 Mn Sq Feet Carbon Neutral by 2040 Solar Powered Warehouses Solar Powered Warehouses 1,600+ EV ~47 Million -47 2W, 3W, 4W and PCV Green KM with EVs 5 IGBC Gold & Platinum 1 Recognition Certified Certified buildings CII Scale Award — Scale Award – Jr Gre
Slide 29: Corporate Social Responsibilities
Igniting Success Corporate Social Responsibilities B BUILDING COMMUNITIES UILDING COMMUNITIES HIGHLIGHTS Resue to Resue to Read Read — – Book Book Donation Drive Book donation drives at 14 locations benefited 529 children. I as Blood Donation Drive Blood Ranchi & Vadodara blood camps camps collected
Slide 30: Financial Update
Igniting Success Financial Update Financial mahindra ‘› LOGISTICS
Slide 31: Quarterly revenues by segment (Consolidated)
Igniting Success Quarterly revenues by segment (Consolidated) Figures in Figures in Rs. Rs. Cr Cr 1,594 1,594 1,625 1,625 1,569 1,569 1,521 1,521 77 80 80 1,451 1,451 79• 85 1,397 1,397 1,420 1,420 79 103 85 1,365 1,365 88 88 74 79 80 100 100 1,293 1,293 84 72 76 97 86 86 81 89 87 87 79 7g- 48 57 63
Slide 32: Financial Highlights – Q1 FY26
Igniting Success Financial Highlights – Q1 FY26 Core Business Consolidated ( MLL + TTPL + Freight Forwarding + Mobility) ( Including Rivigo & Whizzard acquisition) Revenue GM Revenue GM 1,525 Cr. Cr. 1,625 Cr. INR 1,625 Cr. Ir 153 Cr. INR 153 INR 1,525 155 Cr. INR 155 Cr. PAT EBITDA ) PAT EBITDA Cr.
Slide 33: Segment wise Financials
Igniting Success Segment wise Financials All figures in INR crore SCM SCM Mobility Mobility 4% 15% 2% 2% C 0% D-- 0% Revenue from Operations • 1,491 1,544 1,544 1,340 79 80 80 80 Q4FY25 Q1FY26 Q1FY25 Q1FY25 Q1FY26 Q1FY26 Q4FY25 Q1FY26 Q1FY25 Q1FY25 Q1FY26 Q1FY26 SCM SCM Mobility Mobility 3% 3% 14%.)
Slide 34: SCM Financials (1/2)
Igniting Success SCM Financials (1/2) •SCM All figures in INR crore Contract Logistics B2B Express Express 5% 18% 4% 11% Revenue from Operations • 1,289 1,289 93 97 1,233 1,093 97 87 r Q4FY25 Q4FY25 Q1FY26 Q1FY26 Q1FY25 Q1FY26 Q4FY25 Q4FY25 Q1FY26 Q1FY25 Q1FY25 Q1FY26 Q1FY26 Contract Logistics B2B E
Slide 35: SCM Financials (2/2)
Igniting Success SCM Financials (2/2) •SCM All figures in INR crore Cross Border Last Mile Delivery Last -3% -3% 4% -4% -5% -5% Revenue from Operations 71 74 76 88 85 89 74 85 Q4FY25 Q1FY26 Q1FY25 Q1FY26 Q4FY25 Q4FY25 Q1FY26 Q1FY25 Q1FY25 Q1FY26 Q1FY26 Cross Border Last Mile Delivery I1 6% c 0% 0% D
Slide 36: Warehousing realisation and yield
Igniting Success and Yield WH realisation and Yield Warehousing Realisation (Rs. per sq. ft. per month) Ill L Warehousing Yield Pre Ind (Rs. per sq. ft. per month) Il. 59.2 61.5 61.5 7.1 7.1 59.2 6.2 W50.5I Q1FY25 Q4 FY25 Q1FY26 Q1FY25 Q1FY25 Q4FY25 Q4FY25 Q1FY26 Q1FY26 35 maIi I n dra Note: Based o
Slide 37: B2B Express Update
Igniting Success B2B Express Update Rs. Crore Rs. Crore MESPL Gross Margin movement pr -6.1 -5.8 -4.7 -4.6 -4.0 -3.6 -13.5 -16.7 Q2FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q1FY25 Q2FY25 Q2FY25 Q3FY25 Q4 FY25 Q1FY26 GM% -19.2% -14.1% -6.3% -6.5% -5.2% -5.1% -4.2% -3.6% 36 mahindra LOGISTICS
Slide 38: Entity wise results Q1FY26 vs Q1FY25
Igniting Success wise results Entity wise results Q1 FY26 Financial Performance Q1FY26 vs Q1FY25 • Revenue EBITDA PAT Particulars (in INR Cr.) Q1 F26 F26 Q1 F25 F25 Q1 F26 F26 Q1 F25 F25 Q1 F26 F26 Q1 F25 F25 MLL Standalone 1,345.8 1,345.8 1,156.7 1,156.7 78.7 71.6 6.4 10.2 Lords Freight 73.8 71.1 1
Slide 39: Entity wise results Q1FY26 vs Q4FY25
Igniting Success wise results Entity wise results Q1 FY26 Financial Performance Q1FY26 vs Q4FY25 • Revenue EBITDA PAT Particulars (in INR Cr.) Q1 F26 F26 Q4 F25 Q1 F26 F26 Q4 F25 F25 Q1 F26 F26 Q4 F25 F25 MLL Standalone 1,345.8 1,345.8 1,293.1 1,293.1 78.7 79.7 6.4 13.1 Lords Freight 73.8 69.4 1.2 1
Slide 40: Consolidated Income Statement – Q1FY26
Igniting Success Consolidated Income Statement – Q1FY26 Particulars Particulars Q1FY26 Q1FY26 Q4FY25 Q-o-Q Q1FY25 Y-o-Y Revenue 1,624.6 1,624.6 1,569.5 1,569.5 4% 4% 1,420.0 1,420.0 14% 14% Other Income Other Income 5.1 5.1 2.2 5.7 GM 153.3 148.7 3% 135.6 13% GM (%) GM (%) 9.4% 9.5% 9.5% Total Overh
Slide 41: Outlook & Priorities
Igniting Success Outlook & Priorities mahindra ‘› LOGISTICS
Slide 42: Building blocks in place to achieve the vision
Igniting Success in place Building blocks in to achieve place to achieve the vision Grow Integrated logistics business N O Focus on synergy benefits to unlock growth I Focus on margin expansion through productivity 4 improvement a • • • Build on Technology & Automation to become critical differentia
Slide 43: Contact Us
Igniting Success Contact Us Company : Investor Relations Advisors : mahindra LOGISTICS SGAStrategic Growth Advisors CIN: L63000MH2007PLC173466 CIN: U74140MH2010PTC204285 Mr. Saurabh Taneja Mr. Mandar Chavan / Mr. Shogun Jain Chief Financial Officer mandar.chavan@sgapl.net / CFO.MLL@mahindralogistics
Slide 44: Thank You
mahindra LOGISTICS I THANK YOU Corporate Office Corporate Office 10 & 11 10 & 11 Floor, Floor, Arena Arena Space Space Plot No Plot No 20, Jogeshwari-Vikhroli Link 20, Jogeshwari-Vikhroli Link Road, Road, Near Majas Near Depot, Jogeshwari Majas Depot, Jogeshwari (East) (East) Mumbai- 400 Mumbai- 400