Slides
Page 1
Igniting Success * 1 it LonISTIcs To Fon, • OS muswl epeu.k, I mahindra LOGISTICS Q3 FY26 Investor Presentation January 2026 Business & Earnings Update
Page 2
Igniting Success mahindra LOGISTICS V 2 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Mahindra Logistics Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the logistics industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.
Page 3
Igniting Success mahindra LOGISTICS Company Overview
Page 4
Igniting Success 0 0 z mahindra 6> LOGISTICS V t alyte*• • mahindra 6> LOGISTICS India’s leading logistics provider of integrated solutions Contract Logistics Providing Transportation, Warehousing, Stores & Line Feed , Fulfilment and VAS services Last Mile Delivery Facilitates delivery/distribution to customers of major e-com players Freight Forwarding Cross border freight forwarding business with expertise in ocean as well as air freight B2B Express B2B express and PTL transportation with pan India coverage 4 Mobility Services (B2B/B2C) Provides ETMS & city/airport transfers solutions SUPPLY CHAIN MANAGEMENT MOBILITY SOLUTIONS
Page 5
Igniting Success 'II." MU/ WE) MMMM MINN mahindra LOGISTICS V ~12 crore Packages delivered per annum 50,000+ Full Truck Trips per month 19,000+ Pin-codes covered 30,000+ Total workforce across India 4.1 Mn+ Sq.ft. space with renewable energy 47 Mn+ Green km driven per year 1,500+ EV fleet (Cargo + PV) 1,100+ Locations across India 1,500+ Business associates network 10,000+ Ocean freight TEUs per annum 50+ Global trade lanes 22 Mn Sq. ft. space under management Values as of Q3 FY26 5 Leading logistics service provider of India
Page 6
Igniting Success II Hero P&G mahindra LOGISTICS V (14 G BOSC zomato 4 amazon CMA CGM p ; rile r o av rnahindra All anz IND mastercard O O 0 0 0 0 I Presence in High Growth Segments (End-Markets) ▪ India is 4th largest automobile market in the world by production ▪ Favorable ecosystem for exports & government support ▪ ~25% contribution in contract logistics market, ~7% in GDP ▪ FMCG & FMCD growing at a 15% & 7% CAGR, to reach 250Bn+ by F30 ▪ Govt support through allocation of ₹10k Cr in PLI schemes ▪ Demand driven by investments, capacity creation in core sectors ▪ Government Initiatives - 100% FDI, Make in India ▪ FY26 budget outlay of ₹11.21 Lakh Crore in infrastructure ▪ Fastest growing industry in India, with a CAGR of 15-20% ▪ Ecom growth has led to rise in D2C & Last Mile Delivery ▪ Uptick in grocery and electronics share in Q-commerce ▪ Increase in per km contract, shared mobility & premium demand ▪ Office leasing is expected to grow at 20% CAGR ▪ GCC are eyeing tier 2 & tier 3 cities for fresh setups Auto & Auto Components FMCG / Durables/ Retail Industrial & Engineering Ecommerce Mobility 01 02 03 04 05 ..Note: The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 6
Page 7
Igniting Success mahindra LOGISTICS Business Updates
Page 8
Igniting Success mahindra LOGISTICS V Management Commentary Mr. Hemant Sikka – Managing Director and CEO .. 8 “Q3 FY26 marks a defining inflection point for Mahindra Logistics. After 11 straight quarters of losses, we have returned to profitability, driven by sharper execution, stronger cost discipline, and a more focused growth strategy. Over the past few months, we have stabilized our leadership structure, strengthened alignment across the organization, and rebuilt execution rigor on the ground. Our actions are translating into visible operational improvements — both in margin expansion and revenue growth. We are also making disciplined choices by exiting unviable relationships and selectively investing in high return opportunities. The transformation underway at Mahindra Logistics is real, systemic, and accelerating. Our priorities remain clear — drive profitable growth, enhance customer satisfaction, and build a high quality, future ready revenue base. Most importantly, our confidence comes from delivery on the ground, not just intent. We are well positioned to build on this momentum in the quarters ahead.”
Page 9
Igniting Success I'M O f •t U mahindra LOGISTICS V Contract Logistics 01 02 03 04 05 Cross border Last Mile DeliveryB2B Express Mobility ▪ Overall revenue at ₹1,502 Cr, growth of 20% YoY, 14% QoQ ▪ Gross Margin up by 27% YoY, 12% sequentially at ₹165 Cr ▪ Uptick in Auto & farm volumes for 2 consecutive quarters ▪ GM improvement in e-comm with focus on productivity improvements ▪ Overall revenue at ₹114 Cr, growth of 30% YoY ▪ Gross margin at ₹2.7 Cr vs ₹0.2 in Q2FY26 ▪ Delivered volume increased by 19% YoY ▪ Net Service Level consistent at 89% ▪ Improvement in lane utilization levels ▪ Overall revenue at ₹95 Cr, growth of 33% YoY ▪ Gross margin at ₹10 Cr, up by 18% sequentially, 36% YoY ▪ Softness in global freight rates ▪ Continued focus on LATAM, Europe and Far East ▪ Overall revenue at ₹82 Cr, YoY degrowth of 21% ▪ Gross margin at ₹2.7 Cr, down from ₹5.4 Cr in Q2F26 ▪ Industry wide pressure on rate reduction ▪ Focus on developing strong pipeline of delivery associates ▪ Overall revenue at ₹106 Cr, growth of 38% YoY ▪ Gross margin at ₹9 Cr, up by 4% sequentially, 18% YoY ▪ Fleet expansion in B2C with focus on Delhi Intl Airport ▪ Premium EV cab services continue to gain traction 9 Q3 FY26 Business Highlights All Revenues are after intercompany eliminations
Page 10
Igniting Success Flo GNG mahindra LOGISTICS pAvit tea Contract Logistics - Key Trends & Opportunities Industry Structure ▪ Highly fragmented with top 10 players having ~15% share ▪ ~60% of the sector constitutes of transportation ▪ Road transport accounts for nearly ~75% of transportation ▪ 3PL penetration in India is just 5% vs. global average of 10% 310 420 F25 F30E 3,000 4,500 F25 F30 E Market Size (Rs. ‘000 Crore) Logistics Sector Contract logistics Business Key Trends ▪ Higher Demand for Integrated Solutions instead of piece-meal logistics services ▪ Emerging consumption centers driving new fulfilment models and hubs in Tier 2 / 3 cities ▪ Rise of Multi-modal logistics with Gati-Shakti & National Logistics Policy ▪ Technology & Automation have become critical differentiators Source: Internal analysis, secondary research reports .. 10
Page 11
Igniting Success 101,, j131•7Y LC. mahindra LOGISTICS Eli Lis A Contract Logistics - Core competency & capabilities Single point of contact for E2E logistics Centralized management of all transportation Manage WH with expertise in design and operations Efficient Space Utilization High density racking, warehouse design High Productivity Mechanization and tech, process improvements Full Inventory Visibility WMS integrated with client ERP VAS Re-Packing, kitting, labelling, co-packing 100% Compliance Safety, Statutory compliance Cost Optimization TMS enabled load consolidation, route optimization Consignment Visibility TMS with track & trace, alerts/updates SLA Adherence Faster deliveries through superior BA network and tech interventions Improved Dispatch Plan Visibility on inbound and outbound trucks, resources accordingly mobilized Addn. cost synergies Ability to consolidate more loads, ad-hoc orders – reduced courier Improved utilization of customer resources Lower focus and time on non-core functions End to End transport solutions Integrated Solutions Warehousing solution 11
Page 12
Igniting Success ,nahluvra LoGurrtcs Im mahindra LOGISTICS V .. • rrohinc.Irj 1,-.00151105 jn Contract Logistics - Operating Highlights 12 Space under management Operating locations 20.4+ Mn. Sq. Ft. 400+ Vehicles Deployed 15,000+ Trucks Per month .. Business Associates 1,500+ Values as of Q3 FY26
Page 13
Igniting Success Ae Cl . GAGR 4-5% mahindra LOGISTICS I / B2B Express – Key trends and Opportunities Industry Structure ▪ Organized players account for ~70% of volume ▪ Skewed load distribution, ~70% load is originated from North & West India ▪ Auto & Engineering (30%), Pharma (14%), Apparel & Lifestyle (13%) are major end-markets ▪ Air express is being increasingly used by corporates to deliver 11,000 22,500 F25 F30 E Market Size (Rs. Crore) B2B Express (Surface) B2B Express (Air) Key Trends ▪ Increasing demand for Direct to Consumer, Omni-channel fulfillment ▪ Real-time tracking, route optimization, and digital documentation are becoming standard ▪ High adoption by MSMEs & small brands – Increased reach at lower cost ▪ The rise of e-commerce, D2C, and SMEs is fueling demand for cost- effective, flexible PTL solutions 1,600 2,000 F25 F30 E Source: KPMG Report, Internal Analysis 13 KPMG Report: Factored for 70% Domestic, 82% Surface, 45%B2B
Page 14
Igniting Success • • • mahincira LOGISTICS V • • 9 • • • • • D • • 0 • • • • • ■ • • • • • • • • • 4 • • B2B Express – Core competency & capabilities ▪ ERP integrations for minimum manual interference ▪ Billing technology for faster and accurate billing ▪ In-house automated sales management tool ▪ Pan India coverage - 19,000+ Pin-codes ▪ ~200 Processing Centers & Branches/Terminals ▪ 500+ partners for first mile & last mile connectivity Significant Network Coverage Best in class technology suite Processing centers Note: Maps not to scale. All data, information, and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness 14
Page 15
Igniting Success Pr mahindra LOGISTICS V Fr • NW- RIVIGO BY mohindra LOGISTICS RIVIG0 REP B2B Express – Operating Highlights 15 .. Pin-code reach Space under management 19,000+ Direct+ODA Trans-shipment Hubs & DCs Line Hauls & Mid-mile 1,100+ Trucks ~1.6 Mn. Sq Ft. 200+ Values as of Q3 FY26
Page 16
Igniting Success GP. • mahindra LOGISTICS I ok, • / Cross Border – Key Trends & Opportunities Industry Structure ▪ Highly fragmented, dominated by freight forwarders across major markets ▪ Top trading partners of India – US, China, UAE, Europe and Latam ▪ Few large players have presence in major markets, small & mid- sized players use agent network Market Size (Rs. ‘000 Crore) Freight Forwarding Ocean & Air Freight Split Key Trends ▪ Near shoring on account of regional conflicts, reducing dependence on China (China+1 strategy) ▪ PLI Scheme to boost manufacturing in many sectors, giving rise to exports ▪ Multiple trade agreements to drive trade ▪ Rise of SaaS based Freight Forwarders 300 380 F25 F30 E 62% 38% Ocean Air Source: DRHPs, Mordor Intelligence, Internal Analysis 16
Page 17
Igniting Success mahindra LOGISTICS V Airw16`'` ;aim I F rag Cross Border – Core competency & capabilities Air Freight Ocean Freight Project Logistics Expanding International presence ► Ocean consolidation: USA /Europe /Asia to & from India ► Direct FCL’s: All over the world ► Special equipment and breakbulk handling ► Controlling more than 10,000+ TEU's per annum ► Committed Space and Equipment ► Expand presence in China, UK, UAE ► Develop Air chartering business ► Access to Europe via UK office ► Airport-to-Airport ► Door-to-Door ► Expertise in Over- dimension ► Control on TAT ► Advance & EPCG license liaison ► Single window solution on customers clearance ► ODC solutions catering to diverse industries ► Oil & Gas ► Mining ► Renewables ► Engineering & Manufacturing 17
Page 18
Igniting Success F. • IIIIIIIII IP` mahindra LOGISTICS V • r!. r ' • . . - • Cross Border – Core competency & capabilities 18 .. Values as of Q3 FY26. Qtrly figures includes import and export Agent Partners Ocean Freight Volume 250+ Globally Air Freight Volume No. of Forwarding Lanes 50+ Globally ~2,900+ TEUs per quarter ~1500+ Tons per quarter
Page 19
Igniting Success Olo Alai 441, . . . mahindra LOGISTICS I / Last Mile Delivery – Key Trends & Opportunities Industry Structure ▪ Last Mile is most expensive component of supply chain, ~50% contribution in transportation cost ▪ Highly complexity coupled with high service level requirements ▪ High competition from startups & hyperlocal players ▪ Different types of models in place – Shift from Delivery as a Service to Distribution & Fulfilment solutions Market Size (Rs. Crore) Last Mile Delivery, India LMD Segmentation by End-markets Key Trends ▪ High growth in Micro fulfillment, sub same day delivery and dark store management ▪ Increasing internet penetration, leading to rise in D2C & Quick commerce ▪ Rise in Q-comm; Demand and expansion surging in tier II and III markets ▪ Rapid Last mile Fleet electrification; Demand dispersion & faster TAT expectations 20,000 40,000 F24 F30 E 28% 35% 15% 22% FMCG Ecom Retail Others Source: Redseer Consulting Report, Internal Analysis 19
Page 20
Igniting Success 4.0 Ear mahindra LOGISTICS V edLL 1 e L eoeL / eDeLo epeLo me -.- —••••01.1110. 'Mb eoeL p Last Mile Delivery – Operating Highlights 20 ..Values as of Q3 FY26, LMD includes Whizzard Volume handled Fleet Deployed 350,000+ orders per day Last Mile stations Geographic Reach 4,000+ Pin-codes Pan-India 6,000+ Vehicles per day 200+
Page 21
Igniting Success 0 mahindra LOGISTICS I • -. ......aik All....- Mobility – Key Trends and Opportunities Industry Structure ▪ Highly fragmented with large unorganized supply ▪ Shift from vendor model to complete mobility solutions provider ▪ ITES, BPO & BFSI are the major end-markets for enterprise mobility solutions Airport Passenger* Key Trends ▪ Recovery in Air passenger traffic, growth in Business travel ▪ Increasing adoption of organized cab services over traditional taxi ▪ Increasing demand for EV Fleet, with push from government & incumbents alike ▪ Lack of adequate public infrastructure & increased traffic congestion 40 60 F25 F30 E .. 21 Market Size (Crore Pax) Source: ICRA, secondary research * Airport Pax includes domestic and international
Page 22
Igniting Success A mahindra LOGISTICS V a .„ 4 IL. • in.. • • Maw lire -••••=••••• L LI ' qr-- 1 • gist. 'avow .._ a Mobility – Core competency & capabilities ▪ Premium Vehicle (EVs) Options ▪ Mobile App Enabled Booking ▪ Flexible Rental Packages ▪ 24 x 7 Call Centre ▪ Certified Drivers ▪ Assured Vehicles for Airport Transfers ▪ Comfort and Convenience ▪ 24 x 7 Call Centre ▪ Multi-Channel Booking ▪ Certified Drivers ▪ Fleet Management ▪ Adherence to OTA & OTD ▪ 24 x 7 Call Centre ▪ Trained Drivers Cab on Demand Services Airport & Outstation Enterprise Mobility Services Upkeep Services ▪ Fleet Management ▪ Lowest TAT at Remote location ▪ 24 x 7 Call Centre ▪ Client web Access Compliant Fleet Service Excellence Real Time Tracking & Execution Mobile based Billing 22 Note: OTA/OTD – On Time Arrival & Departure
Page 23
Igniting Success aly,ter> 0 0 U mahindra LOGISTICS V At& clIgtew> tit Mobility – Operating Highlights 23 .. No. of Trips (B2B + B2C) No. of vehicles deployed 10,000+ Per day No. of operating locations No. of supply partners 300+ Pan-India 5,000+ Vehicles per day 100+ Per day Values as of Q3 FY26
Page 24
Igniting Success ENE ill NENNI or mahindra LOGISTICS V J 4P Carbon Neutral by 2040 Drive to Net Zero 5 IGBC Gold & Platinum Certified buildings 1,73,800+ Saplings planted 5000+ Kg Waste Plastic Collected Recognition CII Scale Award – Green logistics 1,500+ EV 2W, 3W & 4W CV ~47 Million Green KM with EVs 4.1 Mn Sq Feet Solar Powered Warehouses BRSR Integrated Annual Report 24 Values as of Q3 FY26
Page 25
Igniting Success • • I/ + 0000 mahindra LOGISTICS -- - ....... elk 25 Corporate Social Responsibilities Joy of Giving Drive across 8 Locations BUILDING COMMUNITIES HIGHLIGHTS Zero Fatality Zone project – Luhari to Jaipur Health Clinic Project - Bhiwandi Children's Day Celebration Across 8 Locations Reached 8,037 beneficiaries through road safety sessions, health camps, street plays, and awareness programs conducted in schools, colleges, and communities, with a focus on seatbelt usage, helmet safety, and overall road safety awareness. 6,816 Underprivileged community people benefited from the Health Project through various activities such as street plays, awareness sessions, and health camps. Celebrated in government schools and Orphanage through student engagement and donation activities, benefiting 500 children, with the support of 99 unique volunteers who contributed 258 volunteering hours Mahindra Volunteer day celebration Across 16 Locations A series of activities conducted with schools, orphanages, old age homes, and police officials, benefiting 1,562 individuals, with the participation of 269 unique volunteers contributing 671 volunteering hours Extended happiness to 530 beneficiaries through material donations, with the support of 103 volunteers contributing 213 volunteering hours. Guwahati : Children's day Celebration in Govt School Cochin : Mahindra Volunteer day Celebration in Old age home
Page 26
Igniting Success mahindra LOGISTICS Financial Update
Page 27
Igniting Success mahindra L> LOGISTICS V I I , * I , ( ( , # C D , I I , I I , -9.0 -10.4 9.2 Q3FY26 Consolidated Performance Highlights 1,594.2 1,685.3 1,898.0 Q3FY25 Q2FY26 Q3FY26 +19% RevenueEBITDA & EBITDA Margins PAT & PAT Margins GM & GM Margins +13% 147.4 170.2 189.1 Q3FY25 Q2FY26 Q3FY26 +28% 9.2% 10.1% 10.0% +11% 73.7 85.1 102.8 Q3FY25 Q2FY26 Q3FY26 +39% 4.6% 5.0% 5.4% +21% Q3FY25 Q2FY26 Q3FY26 +202% -0.6% -0.6% 0.5% +188% 27 PAT excluding exceptional item of Statutory impact of New labor Codes amounting to Rs.7.4 Cr. Reported PAT Q3FY26 Rs 3.3 Cr. Amount in Rs. Cr
Page 28
Igniting Success mahindra LOGISTICS V I 0 i 0 3 J C ) I ( D I 0, 9MFY26 Consolidated Performance Highlights 4,535.3 5,207.9 9MFY25 9MFY26 +15% 422.4 512.7 9MFY25 9MFY26 +21% 9.3% 9.8% 206.3 264.1 9MFY25 9MFY26 +28% 4.5% 5.1% -29.1 -11.9 9MFY25 9MFY26 +59% -0.6% -0.2% 28 RevenueEBITDA & EBITDA Margins PAT & PAT Margins GM & GM Margins PAT excluding exceptional item of Statutory impact of New labor Codes amounting to Rs.7.4 Cr. Reported PAT 9MFY26 Rs -17.9 Cr. Amount in Rs. Cr
Page 29
Igniting Success mahindra LOGISTICS V Consolidated Profit & Loss Statement Note: 1. Consolidated financials 2. All figures in INR crore, unless stated otherwise 3. EBITDA is excl. Other Income Particulars Q3FY26 Q2FY26 QoQ Q3FY25 YoY 9MFY26 9MFY25 YoY Revenue 1,898.0 1,685.3 13% 1,594.2 19% 5,207.9 4,535.3 15% Other Income 5.3 2.9 6.3 13.3 13.6 Gross Margins 189.1 170.2 11% 147.4 28% 512.7 422.4 21% Gross Margins (%) 10.0% 10.1% 9.2% 9.8% 9.3% Total Overheads 86.4 85.2 73.7 248.6 216.1 EBITDA 102.8 85.1 21% 73.7 39% 264.1 206.3 28% EBITDA (%) 5.4% 5.0% 4.6% 5.1% 4.5% Depreciation - Fixed Assets 22.6 23.8 23.3 70.1 62.0 - Lease (IND AS) 49.1 47.9 35.7 137.9 105.9 EBIT 36.3 16.3 123% 20.9 74% 69.4 52.1 33% EBIT (%) 1.9% 1.0% 1.3% 1.3% 1.1% Finance Cost - Finance Charge 2.8 8.3 12.7 22.7 32.6 - Lease (IND AS) 13.7 13.3 9.3 38.0 28.1 Share of profit/(loss) of an associate / a joint venture 0.0 0.0 0.0 -0.1 0.0 PBT before exceptional items 19.8 -5.4 -1.1 8.6 -8.6 Exceptional Items * -7.4 0.0 0.0 -7.4 0.0 PBT after exceptional items 12.4 -5.4 -1.1 1.2 -8.6 Tax 6.4 3.0 6.1 13.0 16.1 PAT (before JV) 6.0 -8.4 -7.3 -11.8 -24.7 PAT (after JV and NCI) 3.3 -10.4 -9.0 -17.9 -29.1 PAT (%) 0.2% -0.6% -0.6% -0.3% -0.6% Basic EPS (in Rs.) 0.3 -1.2 -1.2 -2.1 -3.9 29 * Statutory impact of New labor Codes Amount in Rs. Cr
Page 30
Igniting Success mahindra L> LOGISTICS V Segment Wise Performance % change on YoY and QoQ basis Revenue after intercompany eliminations Segment Revenue GM Q3FY26 Q2FY26 Q3FY25 9MFY26 9MFY25 Q3FY26 Q2FY26 Q3FY25 9MFY26 9MFY25 SCM 1,791.9 1,595.4 1,517.3 4,931.6 4,298.7 180.1 161.5 139.7 486.1 397.9 12% 18% 15% 12% 29% 22% 3PL 1,502.0 1,316.3 1,255.2 4,107.1 3,511.0 164.8 147.5 129.6 449.6 369.7 14% 20% 17% 12% 27% 22% Last Mile Delivery 81.6 88.9 103.3 255.5 292.8 2.7 5.4 7.3 11.9 20.6 -8% -21% -13% -50% -63% -42% Freight Forwarding 94.8 90.2 71.5 258.8 229.3 10.0 8.4 7.4 25.4 22.7 5% 33% 13% 18% 36% 12% Express 113.5 100.0 87.3 310.2 265.7 2.7 0.2 -4.6 -0.8 -15.1 14% 30% 17% 1076% 158% 95% Mobility 106.1 89.9 76.9 276.3 236.6 9.1 8.7 7.7 26.6 24.5 18% 38% 17% 4% 18% 9% CONSO 1,898.0 1,685.3 1,594.2 5,207.9 4,535.3 189.2 170.2 147.4 512.7 422.4 13% 19% 15% 11% 28% 21% 30 Amount in Rs. Cr
Page 31
Igniting Success mahindra LOGISTICS V Entity wise Performance Particulars (in INR Cr.) Revenue EBITDA PAT Q3FY26 Q2FY26 Q3FY25 Q3FY26 Q2FY26 Q3FY25 Q3FY26 Q2FY26 Q3FY25 MLL Standalone 1,545.3 1,366.9 1,326.9 93.0 82.2 76.9 14.9 3.8 11.6 Lords 90.2 90.2 71.5 3.7 2.3 1.5 2.8 1.7 1.5 2X2 34.0 23.4 25.3 9.2 5.7 7.1 2.7 1.7 2.1 Mobility 110.7 93.8 78.1 2.4 2.1 1.2 2.0 1.6 0.8 MESPL 113.6 104.4 89.1 -7.5 -9.1 -13.4 -14.4 -20.0 -24.8 V-link 4.5 0.0 0.0 0.1 -0.1 -0.2 0.1 -0.1 -0.2 Whizzard 61.6 68.4 42.2 2.1 2.0 0.5 1.2 1.1 0.1 Seino (Associate) -0.0 -0.0 -0.0 Operational Consolidated 1,898.0 1,685.3 1,594.2 102.8 85.1 73.7 9.2 -10.4 -9.0 Reported Consolidated PAT * 3.3 -10.4 -9.0 31Consolidated figures are after inter-company elimination EBITDA is excl. Other Income PAT after NCI and Associate Profit share * Impacted due to New labor Codes changes amounted to Rs.7.4 CR Amount in Rs. Cr
Page 32
Igniting Success mahindra LOGISTICS V Entity wise Performance Particulars (in INR Cr.) Revenue EBITDA PAT 9MFY26 9MFY25 9MFY26 9MFY25 9MFY26 9MFY25 MLL Standalone 4258.0 3719.4 253.9 217.5 25.2 30.4 Lords 254.2 229.3 7.1 6.4 5.4 5.5 2X2 81.3 60.7 20.9 15.8 6.1 4.9 Mobility 286.3 240.5 6.8 5.2 8.2 4.1 MESPL 318.8 270.0 -28.4 -39.5 -58.3 -73.6 V-link 4.5 0.0 -0.3 -0.5 -0.4 -0.8 Whizzard 173.2 131.0 4.2 1.4 2.2 0.5 Seino (Associate) 0.0 0.0 0.0 0.0 -0.1 -0.0 Operational Consolidated 5207.9 4535.3 264.1 206.3 -11.9 -29.1 Reported Consolidated PAT * -17.9 -29.1 Consolidated figures are after inter-company elimination EBITDA is excl. Other Income PAT after NCI and Associate Profit share 32* Impacted due to New labor Codes changes amounted to Rs.7.4 CR Amount in Rs. Cr
Page 33
Igniting Success mahindra L> LOGISTICS V -16.7 -13.5 -6.1 -5.8 -4.7 -4.6 -4.0 -3.6 0.2 2.7 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4 FY25 Q1FY26 Q2FY26 Q3FY26 -4.2%-5.1%-5.2%-6.5%GM% -6.3%-14.1%-19.2% Pricing/yield actions implemented across key customer setsNetwork Optimization Express Business Update Phase-2 initiatives underway Reduced linehaul & handling cost per parcel Improving revenue per parcel Automation, hub consolidation & route density expansion MESPL Gross Margin Improvement 33 -3.6% 0.2% 2.3% Early results from restructuring are visible, with sustainable drivers in place for profitability key inflection milestone Amount in Rs. Cr
Page 34
Igniting Success mahinclra LOGISTICS I S GA Strategic Growth Advisors mahindra L> LOGISTICS V Contact Us • .. Company : Investor Relations Advisors : CIN: L63000MH2007PLC173466 Mrs. Isha Dalal Chief Financial Officer CFO.MLL@mahindralogistics.com www.mahindralogistics.com CIN: U74140MH2010PTC204285 Mr. Mandar Chavan / Mr. Shogun Jain mandar.chavan@sgapl.net / shogun.jain@sgapl.net +91 96993 82195 / +91 77383 77756 www.sgapl.net 34
Page 35
mahindra LOGISTICS I ma h i nd ra LOGISTICS 0 MIS I> RIVIGO g lya> WHIARD I> Pro Trucking I> eDeL o cilytn enquiries@mahindralogistics.com www.mahindralogistics.com Corporate Office 10 & 11 Floor, Arena Space Plot No 20, Jogeshwari-Vikhroli Link Road, Near Majas Depot, Jogeshwari (East) Mumbai- 400 060 Maharashtra, India C.I.N: L63000MH2007PLC173466 Email: enquiries@mahindralogistics.com Website : www.mahindralogistics.com THANKYOU