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Mahindra Logistics reported robust Q1 FY27 results with consolidated revenue up 23% YoY to INR 2,003 crores and a PAT of INR 25.4 crores, a significant turnaround from last year's loss. The Express business revenue surged 58% YoY, drastically reducing its EBITDA loss, targeting breakeven this fiscal year. Contract Logistics revenue grew 26%, supported by M&M, e-commerce, and manufacturing clients, despite facing temporary gross margin headwinds from new site start-up costs and manpower challenges. Management remains confident in its strategic focus on profitable growth, operational excellence, and technology, anticipating continued improvements and overall business margin expansion.