Mahindra Logistics Ltd 24% revenue jump to ₹2,095 crore

MAHLOG Mahindra Logistics reported Q2 FY27 revenue of ₹2,095 crore, up 24% year-on-year, with PAT turning positive and growing threefold, as part of Mahindra & Mahindra’s Q2 FY27 results announced on November 5. The company declared an interim dividend of ₹2.50 per share (announced October 23), and its Q2 FY27 results were approved by the board on November 5. In Q1 FY27, Mahindra Logistics reported revenue of ₹1,791 crore (up 14% YoY) and delivered profitability for the full year. On the market side, shares were quoted around ₹320–₹330 in recent sessions, with a market cap near ₹2,300 crore; the stock has been down about 30% year-to-date amid sector-wide weakness. In strategic news, Mahindra Logistics completed the acquisition of a 23% stake in Conoship International Holding B.V. (Netherlands) in October, and unveiled 4 lakh sq. ft. of warehousing capacity in Eastern India to strengthen connectivity. The company also launched digital solutions for personal banking and cash management at the Global Fintech Fest, and appointed Dr. Anish Shah as Chairman of the Board effective April 2, 2021.