Mahindra Logistics reported a return to profitability in the March quarter, with net profit coming in at ₹20.19 crore compared to a loss of ₹6.75 crore in the year-ago period.
Revenue for the quarter rose 14.1% year-on-year to ₹1,791.4 crore, while EBITDA increased 44.6% to ₹112.4 crore. Margins improved to 6.3% from 5% a year earlier, indicating better operating leverage and cost efficiencies.
Ahead of the earnings announcement, shares of the company closed at ₹443.10 on the BSE, up 2.26% on the day.
The board has recommended a final dividend of ₹2.50 per equity share (25%) for FY26, subject to shareholder approval at the company’s 19th Annual General Meeting. If approved, the dividend will be paid after July 20, 2026, to shareholders on record as of July 10, 2026.
In addition to the financial performance, the board also approved the re-appointment of Ameet Hariani as an Independent Director for a second term from May 1, 2027 to April 30, 2032, subject to shareholder approval.
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Further, the company has sought approval for material related party transactions with Mahindra & Mahindra, its promoter and holding company, which will also be placed before shareholders at the upcoming AGM.