Mahindra Logistics Limited — Investor Meet, 25-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Mahindra Logistics reported a 14% YoY revenue increase to INR 1,625 Cr for Q1 FY26, with warehousing segment revenue up 18%. EBITDA grew to INR 76.3 Cr, but the company recorded a net loss of INR 10.8 Cr. The Express business revenue surpassed INR 100 Cr, though it posted a loss of INR 23.9 Cr; management is prioritizing yield over volume.

New MD & CEO Hemant Sikka is focused on execution, aiming to reduce 1.5 million sq ft of warehousing white space. The company plans to raise INR 750 Cr via a rights issue, with INR 556 Cr earmarked for debt repayment, expecting INR 40-45 Cr annual interest savings and moving towards a debt-free position. Management expresses optimism for the long-term growth of B2B Express and sees market recovery signs.