India's Mahindra Logistics hits record high after profit turnaround, on course for best day ever

Mahindra Logistics

28/01/2026 07:04

Updates

** Shares of India's Mahindra Logistics MALO.NS extend gains to a record high of 338.20 rupees, last up ~14.5%, in its biggest intraday percentage rise

** Co swung to a quarterly profit for the first time since 2022 on rising shipping demand

** Motilal Oswal ("buy", PT at 330 rupees) says co's revenue grew around 19% y/y to 18.98 bln rupees, 9% above the brokerage's estimate

** Q3 consol net profit came to 32.5 mln rupees vs loss of 90.3 mln rupees last year, marking co's first quarterly profit since Q3 FY 2023

** Trading vols at 6.11 mln shares, about 85x the 30-day-avg of 72,103 shares

** Stock rated "hold" on avg by 8 analysts, median PT at 339 rupees- LSEG data

** MALO lost 8.7% in 2025, stock down ~6.7% so far in Jan

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))