Mahindra Logistics Q2 Results FY27: Back in Profit, Revenue Rs 2,095.43 Cr, PAT Rs 28.87 Cr

Mahindra Logistics Ltd (MAHLOG) Q2 Results FY27 announced on 23 October 2026, covering the company's financial performance for the July to September quarter. Revenue stood at Rs 2,095.43 Cr and net profit at Rs 28.87 Cr, both on a Consolidated basis, marking a move back into profit from a loss a year earlier. The Mahindra Logistics Q2 Results FY27 compare each figure with the same quarter last year, as filed on the results date of 23 October 2026. All figures below are consolidated results.

This Mahindra Logistics Q2 Results report is a results analysis of the quarter's numbers set against the same quarter last year. It covers the financial highlights, the business factors in the data, the outlook for the rest of FY27 and the risks investors can track next, starting with the Financial Highlights below.

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Mahindra Logistics Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 2095.43 Cr	Rs 1685.27 Cr	+24.34% YoY
Operating Profit	Rs 123.96 Cr	Rs 85.08 Cr	+45.7% YoY
Net Profit (PAT)	Rs 28.87 Cr	Rs -8.36 Cr	+445.33% YoY

Source: company filing for Mahindra Logistics Q2 Results FY27, 23 October 2026. Figures in Rs Crore, Consolidated basis.

Key Takeaways from Mahindra Logistics Q2 Results: What Stands Out

• Revenue rose to Rs 2,095.43 Cr, from Rs 1,685.27 Cr in the same quarter last year, a YoY growth of 24.34%.
• Net profit was Rs 28.87 Cr, against a loss of Rs 8.36 Cr a year earlier, in the Mahindra Logistics Q2 Results FY27.
• Operating Profit reached Rs 123.96 Cr, compared with Rs 85.08 Cr in the comparison quarter, a YoY change of 45.7%.
• Net profit margin turned positive at 1.4%, from minus 0.5% a year earlier, as revenue grew by nearly a quarter.
• The company is almost debt free, with a debt-to-assets ratio of 0.04 in FY26, which the performance analysis below keeps in view.

Mahindra Logistics Q2 Results FY27: Performance Analysis

The Mahindra Logistics Q2 Results FY27 show consolidated revenue of Rs 2,095.43 Cr and net profit of Rs 28.87 Cr for July to September 2026. Revenue was higher by Rs 410.16 Cr than a year earlier, and the bottom line moved by Rs 37.23 Cr, from a loss to a profit. That move back into profit is the centre of this results analysis.

On YoY growth, revenue rose 24.34% and Operating Profit 45.7%, so the Operating Profit margin moved to about 5.9% from roughly 5.0%. The net margin is still thin at 1.4%, but it compares with minus 0.5% a year earlier. For readers of the Mahindra Logistics Q2 Results, the operating gain is what carried the bottom line back above zero.

Across the quarterly results of the last five quarters, net profit has ranged from a loss of Rs 8.36 Cr to a profit of Rs 28.87 Cr, and this quarter sets the top of that range. Later filings in the Mahindra Logistics Q2 Results FY27 series will show whether profit holds at this level. The Univest Screener helps compare these numbers with other logistics companies by results date, and that comparison leads into the business factors.

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Key Business Factors This Quarter

Revenue Growth – The results analysis points first to revenue, which grew 24.3% year on year to Rs 2,095.43 Cr in the latest quarter. That rise of Rs 410.16 Cr is the largest change between the comparison quarter and the Mahindra Logistics Q2 Results FY27.

Return to Profit – The company returned to a net profit of Rs 28.87 Cr from a loss of Rs 8.36 Cr in the comparison quarter. In these quarterly results, Operating Profit grew faster than revenue, which helped lift the bottom line.

Almost Debt Free – The company is almost debt free, with a debt-to-assets ratio of 0.04 in FY26. The supplied data confirms this balance sheet position but does not establish a specific cause for this quarter's return to profit.

FY27 Outlook After Mahindra Logistics Q2 Results

The Mahindra Logistics Q2 Results give the second half of FY27 a base of Rs 2,095.43 Cr in quarterly revenue and Rs 28.87 Cr in net profit. No management guidance came with these consolidated results, so this results analysis does not project full-year numbers. The FY27 total will depend on the two remaining quarters and on whether margins keep improving.

In the results analysis that follows the Mahindra Logistics Q2 Results FY27, the useful test is whether the company stays in profit in the October to December quarter. Investors following the stock on the Univest app can track each quarterly filing as it arrives, and the risks below set out what could change that picture.

Key Risks to Watch After Mahindra Logistics Q2 Results FY27

Low Return on Equity

Return on equity was low at 1.32% in FY26. The Mahindra Logistics Q2 Results FY27 show a profit, but the full-year ratio was weak, so investors can check whether the FY27 annual figure moves up when it is filed.

Falling Per-Share Earnings

Earnings on each share slipped from Rs 2.23 in FY22 to Rs 0.23 in FY26. YoY growth in this quarter is a positive sign, but the multi-year decline is what a full-year recovery would need to reverse.

Volatile Quarterly Net Profit

Quarterly net profit has been volatile, ranging from a loss of Rs 8.36 Cr to a profit of Rs 28.87 Cr over the last 5 quarters. With a net margin of only 1.4%, small cost changes can swing the result.

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Conclusion

The Mahindra Logistics Q2 Results FY27 show consolidated revenue of Rs 2,095.43 Cr, a YoY growth of 24.34%, and net profit of Rs 28.87 Cr against a loss of Rs 8.36 Cr a year earlier. These consolidated results mark a return to profit with a still thin margin. Readers of the Mahindra Logistics Q2 Results should weigh the low FY26 returns and the volatile profit record. Investors should consult a SEBI-registered advisor before acting.

Frequently Asked Questions on Mahindra Logistics Q2 Results FY27

What are Mahindra Logistics Q2 Results FY27?

Ans. Mahindra Logistics Q2 Results FY27 show consolidated revenue of Rs 2,095.43 Cr and net profit of Rs 28.87 Cr for July to September 2026, and the opening section of this article puts both figures side by side.

What is the results date for Mahindra Logistics Q2 Results FY27?

Ans. The results date for Mahindra Logistics Q2 Results FY27 was 23 October 2026, when the board approved the quarterly results. The introduction above also states the quarter covered and the reporting basis used in the filing.

What revenue was reported in Mahindra Logistics Q2 Results FY27?

Ans. Mahindra Logistics reported consolidated revenue of Rs 2,095.43 Cr for the July to September quarter, compared with Rs 1,685.27 Cr in the same quarter last year, as shown in the Financial Highlights section above.

What net profit was reported in Mahindra Logistics Q2 Results FY27?

Ans. Mahindra Logistics reported net profit of Rs 28.87 Cr for the quarter, compared with a loss of Rs 8.36 Cr in the same quarter last year, and the Key Takeaways section puts that move in context.

How much YoY growth did revenue show in Mahindra Logistics Q2 Results FY27?

Ans. Revenue showed YoY growth of 24.34%, rising from Rs 1,685.27 Cr to Rs 2,095.43 Cr. Alongside this, the Performance Analysis section explains how faster Operating Profit growth carried the company back into profit.

Did net profit rise or fall in Mahindra Logistics Q2 Results?

Ans. Mahindra Logistics Q2 Results show net profit of Rs 28.87 Cr against a loss of Rs 8.36 Cr a year earlier, a swing that the Performance Analysis section links to higher Operating Profit.

What was the Operating Profit in Mahindra Logistics Q2 Results FY27?

Ans. Operating Profit was Rs 123.96 Cr in the July to September quarter, compared with Rs 85.08 Cr a year earlier, so the Key Takeaways section lists its 45.7% rise beside net profit.

Are Mahindra Logistics Q2 Results consolidated results or standalone results?

Ans. Mahindra Logistics Q2 Results are consolidated results, so the figures include the company and its subsidiaries. The introduction states this basis up front, before the Financial Highlights table.

What business factors shaped Mahindra Logistics Q2 Results FY27?

Ans. Mahindra Logistics Q2 Results FY27 were shaped by revenue growth of 24.3%, a return to net profit from a loss and an almost debt-free balance sheet, as listed in the Key Business Factors section.

What are the key risks after Mahindra Logistics Q2 Results FY27?

Ans. The key risks are a low return on equity of 1.32% in FY26, a slide in earnings on each share since FY22 and volatile quarterly net profit, as covered in the Key Risks section.

What is the outlook after Mahindra Logistics Q2 Results?

Ans. No management guidance came with the filing, so the FY27 outlook depends on the two remaining quarters, while the Outlook section explains which figures from this quarter investors can track next.

Where can I find the complete Mahindra Logistics Q2 Results FY27 data?

Ans. The full Mahindra Logistics Q2 Results FY27 figures sit in the Financial Highlights table above, while the Univest Screener lets investors set these quarterly results against other companies by results date.