Mahindra Logistics Ltd. · NSE:MAHLOG
Mahindra Logistics — Q4 FY2026 Earnings Presentation
22 slides from Mahindra Logistics's earnings presentation, Apr 23, 2026
Slide 1: Exchange intimation letter: earnings presentation
mahindra Mahindra Logistics Limited Arena Space, 10th & 11th Floor, LOGISTICS I Plot No. 20, Jogeshwari Vikhroli Link Road, Near Majas Bus Depot, Jogeshwari (East), Mumbai – 400060, Maharashtra. Tel: +91 22 6836 7900 Email: enquiries@mahindralogistics.com www.mahindralogistics.com CIN: L63000MH2007P
Slide 2: Q4 FY26 Investor Presentation
Igniting Success e -• VP7'.: ;"' . V..r • n4 A •• Ler • Locts-rics )t= 01310f 00,NOr .r• eDeL JeL ri= •(:11 • .,= Q4 FY26 Investor Presentation Business & Earnings Update mahindra LOGISTICS V April 2026
Slide 3: Safe Harbor
Igniting Success Safe Harbor This presentation and the accompanying slides (the “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 to purchase or sub
Slide 4: Business Update
Igniting Success 0 Business Update mahindra LOGISTICS
Slide 5: Our Business Segments
Igniting Success Our Business Segments • ' T. eoeL0 :; • - „ - N ir leOF A 0., I 5 • • I , R17, 0: !In t! itt t_1 11 7 , alt • A.doth. Contract Last Mile Freight Express Mobility Logistics Delivery Forwarding Integrated w/h & distribution FTL & Multimodal transport Tech-first, PAN India B2B Expr
Slide 6: Q4FY26 - Key Highlights
Igniting Success Q4FY26 - Key Highlights Segments Business Performance Profitability Overall revenue at ₹1,381 Cr, growth of 12% YoY Contract Logistics Gross Margin up by 19% YoY, at ₹157 Cr Margin expansion across business segments Overall revenue at ₹139 Cr, growth of 49% YoY Express Gro
Slide 7: Management Commentary
Igniting Success Management Commentary Mr. Hemant Sikka – Managing Director and CEO “Q4 FY26 reflects sustained momentum in our transformation journey. Building on last quarter’s return to profitability, we saw stronger execution discipline, tighter operational rigor, sharper focus on customer-level
Slide 8: MLL Investment thesis
Igniting Success * - Profitable & large M&M business growing YoY M&M growing at ~27% CAGR over last 3 yrs* - Amongst key LSPs in E-comm/ Q-comm segment Revenue of ~1,000 Crs p.a. MLL Investment - Margin expansion measures under play thesis Multiple initiatives under progress - Leadership focus on pr
Slide 9: Key focus areas for Mahindra Logistics
Key focus areas for Mahindra Logistics STRATEGIC IMPERATIVES 1 Contract Logistics 2 Express 3 Leader in 4 Tech as a Scale-up Turnaround Ops Excellence differentiator - Penetrate deeper in existing - Enter volumetric segments - Improve customer - Automate workflows segments satisfaction index across
Slide 10: Corporate Social Responsibilities
Igniting Success Corporate Social Responsibilities BUILDING COMMUNITIES Project Street Smart –Police Zero Fatality Zone project – Health Clinic Project - Children's Day Celebration Mahindra Volunteer day Welfare Initiative Luhari to Jaipur Bhiwandi across 8 Locations across 16 Locations Activities c
Slide 11: Drive to Net Zero
Igniting Success Drive to Net Zero Carbon Neutral by 2040 • rie • • 4pi ...... ......................................... ......................... ..................... ................. ............ ....... IA 11---' ms s.0 .0 0P—mot' 1 ___It....... 5 IGBC Gold & BRSR vialicio......1-- lixal..- -to
Slide 12: Financial Update
Igniting Success 0 Financial Update mahindra LOGISTICS
Slide 13: Consolidated Financial Highlights
Igniting Success Amount in Rs. Cr Consolidated Financial Highlights 1-`='z +14.7% +22.9% 6,999.3 701.6 6,104.8 571.1 Revenue GM ( +14.1% 4 I ( +27.1%D 4 1,569.5 1,898.0 1,791.4 148.7 189.1 188.9 Q4FY25 Q3FY26 Q4FY26 FY25 FY26 Q4FY25 Q3FY26 Q4FY26 FY25 FY26 0GM % 09.5% 010.0% 010.5% 09.4% 010.0% +32.
Slide 14: Consolidated Income Statement-Q4 FY26
Igniting Success * Consolidated Income Statement-Q4 FY26 Particulars Q4FY26 Q3FY26 Q-o-Q Q4FY25 Y-o-Y FY26 FY25 Y-o-Y Revenue 1,791.4 1,898.0 -6% 1,569.5 14% 6,999.3 6,104.8 15% Other Income 3.8 5.2 2.2 17.1 15.8 GM 188.9 189.1 0% 148.7 27% 701.6 571.1 23% GM (%) 10.5% 10.0% 9.5% 10.0% 9.4% Total Ov
Slide 15: Consolidated Balance Sheet
Igniting Success Consolidated Balance Sheet Amount in Rs. Cr Particulars Mar-26 Mar-25 Particulars Mar-26 Mar-25 NON-CURRENT ASSETS 1,470.2 1,182.4 EQUITY 1,199.3 454.2 Property, Plant and Equipment 327.3 265.9 Equity Share Capital 99.2 72.1 Right of Use Asset 562.1 396.3 Share Application Money - -
Slide 16: Consolidated Cash Flow Statement
Igniting Success Consolidated Cash Flow Statement Particulars Mar-26 Mar-25 Operating Profit before working Capital changes 409.9 308.6 Changes in working Capital -56.2 9.5 Cash generated from operations 353.7 318.0 Direct taxes paid (net of refund) -100.1 25.1 Net cash from Operating Activities (A)
Slide 17: Adjusted EBITDA Bridge
Igniting Success * Adjusted EBITDA Bridge Amount in Rs. Cr Particulars Q4FY25 Q3FY26 Q4FY26 FY25 FY26 Revenue 1569.5 1898.0 1791.4 6104.8 6999.3 Reported EBITDA 77.7 102.8 112.4 284.0 376.5 Reported EBITDA % 5.0% 5.4% 6.3% 4.7% 5.4% Less: Rent Expenses 41.0 64.0 55.1 163.1 218.2 Adjusted EBITDA 36.7
Slide 18: Segment Wise Performance | Quarter view
Igniting Success Amount in Rs. Cr Segment Wise Performance | Quarter view Revenue GM EBITDA Entity Q4 FY26 Q3 FY26 Q4 FY25 Q4 FY26 Q3 FY26 Q4 FY25 Q4 FY26 Q3 FY26 Q4 FY25 1,681.4 1,791.9 1,490.5 179.8 180.1 140.8 109.2 100.4 76.1 SCM -6.2% 12.8% -0.1% 27.7% 8.8% 43.6% 1,381.4 1,503.6 1,232.7 156.7 1
Slide 19: Segment Wise Performance | Year view
Igniting Success * Amount in Rs. Cr Segment Wise Performance | Year view Revenue GM EBITDA Entity FY26 FY25 FY26 FY25 FY26 FY25 6,613.0 5,789.3 665.9 538.7 366.6 277.2 SCM 14.2% 23.6% 32.2% 5,490.3 4,743.7 606.3 501.8 388.9 314.0 Contract Logistics 15.7% 20.8% 23.8% 325.9 381.3 18.5 26.7 -1.5 7.5 La
Slide 20: Express business update
Igniting Success Express business update Amount in Rs. Cr Pricing/yield actions implemented Phase-2 initiatives Network Optimization across key customer sets underway Automation, hub Reduced linehaul & Improving consolidation & route handling cost per parcel revenue per parcel density expansion MESP
Slide 21: Contact Us
Igniting Success Contact Us Company : Investor Relations Advisors : mahindra sGA Strategic Growth Advisors LOGISTICS CIN: L63000MH2007PLC173466 CIN: U74140MH2010PTC204285 Mrs. Isha Dalal Mr. Mandar Chavan / Mr. Shogun Jain Chief Financial Officer mandar.chavan@sgapl.net / CFO.MLL@mahindralogistics.c
Slide 22: Thank You
THANKYOU ma -Iindra LOGISTICS V Corporate Office 10 & 11 Floor, Arena Space Plot No 20, Jogeshwari-Vikhroli Link Road, Near Majas Depot, Jogeshwari (East) Mumbai- 400 060 Maharashtra, India mahindra LOGISTICS I> C.I.N: L63000MH2007PLC173466 Email: LQrdS RIVIGO P> CSO LOGISTI HI ARD enquiries@mahindr