Mumbai: Mahindra Logistics Limited announced its financial results for the third quarter ending December 31, 2025, showing a significant recovery in profitability at the consolidated level, despite absorbing a one-time impact from newly implemented labour regulations.
Q3 FY26 Financial Performance Highlights:
Consolidated Results (Including subsidiaries):
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Revenue from Operations: ₹1,898.03 crore, up 19.1% year-on-year
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Profit Before Tax (PBT): ₹12.44 crore (vs. loss of ₹1.15 crore in Q3 FY25)
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Profit After Tax (PAT): ₹6.01 crore (vs. loss of ₹7.26 crore in Q3 FY25)
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Exceptional Item: One-time charge of ₹7.36 crore related to the implementation of new Labour Codes
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Earnings Per Share (EPS): ₹0.33 (Basic & Diluted)
Standalone Results:
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Revenue from Operations: ₹1,545.30 crore, up 16.5% year-on-year
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Profit After Tax (PAT): ₹11.40 crore, with a one-time Labour Code charge of ₹4.76 crore
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Earnings Per Share (EPS): ₹1.15 (Basic & Diluted)
Key Operational & Strategic Developments:
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Labour Code Implementation: The Group recognized a total exceptional charge of ₹7.36 crore (Consolidated) and ₹4.76 crore (Standalone) for estimated incremental retiral benefits arising from the notification of the four new Labour Codes by the Government of India in November 2025.
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Subsidiary Acquisition: Completed the acquisition of the remaining 0.95% stake in Lords Freight (India) Private Limited, making it a wholly-owned subsidiary effective November 11, 2025.
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Segment Performance: The Supply Chain Management segment remained the primary revenue driver. The Enterprise Mobility Services segment also contributed to growth.
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Capital Infusion: Invested ₹50 crore in its subsidiary, MLL Express Services Private Limited, through a rights issue in November 2025.
Management Commentary & Outlook:
The results reflect a quarter of operational improvement and strategic consolidation. The return to profitability at the consolidated level, even after accounting for significant one-time regulatory provisions, indicates underlying business strength. The company continues to monitor clarifications on the Labour Code rules and may adjust accounting implications accordingly.
The Board of Directors approved the results following a review by the Audit Committee. The statutory auditor, Deloitte Haskins & Sells LLP, issued an unmodified limited review report on both the consolidated and standalone financial results.