India's Mahindra Logistics beats quarterly profit view on growth in core supply chain segment

Mahindra Logistics

20/07/2026 09:36

July 20 (Reuters) - India's Mahindra Logistics MALO.NS posted a better-than-expected quarterly profit on Monday, aided by growth in the company's core warehousing and transportation business. 
The company reported a consolidated net profit of 253.9 million rupees ($2.63 million) in the first quarter ended June 30 from a loss of 108 million rupees a year ago. 
Analysts, on average, had expected 242 million rupees, according to LSEG compiled data. 
Core supply chain management operations, which include warehousing, distribution and freight movements, remained a strong growth driver with a 22.5% growth in revenue to 18.92 billion rupees.
Performance in this quarter was driven by growth in the contract logistics business, with new customer wins across sectors as well as due to progress in the company's turnaround strategy of its express business-to-business delivery business, the company said in a statement. 
Mahindra Logistics, which was spun off from the broader Mahindra Group, said that its enterprise mobility division also meaningfully contributed to growth this quarter. 
The segment, which provides enterprise mobility solutions through a platform called Alyte, reported a 41% growth in revenue. 
Consolidated revenue jumped to 20.03 billion rupees from 16.245 billion rupees in the year-ago quarter. 
     
($1 = 96.4175 Indian rupees)

 (Reporting by Saikeerthi in Bengaluru; Editing by Janane Venkatraman)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))