Mahindra Logistics Returns to Profitability After 11 Quarters, Margins Improve
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CNBC TV18•27-01-2026, 18:49
Mahindra Logistics Returns to Profitability After 11 Quarters, Margins Improve
- •Mahindra Logistics reported a net profit of ₹3.25 crore in Q3, ending an 11-quarter loss streak.
- •Revenue increased by 19.1% year-on-year to ₹1,898 crore, driven by healthy growth and operational efficiency.
- •EBITDA rose 39.5% to ₹102.79 crore, with the EBITDA margin expanding to 5.42% from 4.62%.
- •MD and CEO Hemant Sikka attributed the turnaround to sharper execution, cost discipline, and a focused growth strategy.
- •The company's mobility business handled over 10,000 trips daily in Q3 FY26, deploying more than 5,000 vehicles.
Why It Matters: Mahindra Logistics achieved profitability in Q3 FY26 after 11 quarters, driven by strong revenue growth and improved margins.
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