Mahindra Logistics Limited — Investor Meet, 01-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Mahindra Logistics (MLL) Q2 revenue grew 11% YoY to ₹1,685 Cr, with gross margin improving to 10.1%. EBITDA stood at ₹85.1 Cr, though PAT reported a ₹10.4 Cr loss due to a one-off provision. Post rights issue, consolidated debt significantly reduced to ₹73 Cr, saving ₹40-45 Cr in annual interest. MLL cut warehousing 'white space' by over 20%, targeting 95% reduction by Sep 2026. The Express business turned gross margin positive for the first time, with ₹50 Cr infused for EBITDA positivity. Management is focused on operational excellence, yield improvement, and aims to be India’s top integrated logistics company. Sentiment is confident about ongoing transformation.