Q1-FY27 · Himanshu Sikka
We delivered a significant step up in profitability this quarter. Moving from a packed loss of rupees 10.8 crores in quarter 1 of FI26 to a pack profit of rupees 25.4 cr in Q1 of FI27.
Mahindra Logistics · tone and specificity signals across the available quarters.
Language signals
We delivered a significant step up in profitability this quarter. Moving from a packed loss of rupees 10.8 crores in quarter 1 of FI26 to a pack profit of rupees 25.4 cr in Q1 of FI27.
Our objective is not to scale for the sake of scale only, but go for intelligent scale where every customer, every contract and every investment contributes meaningfully to our long-term profitable growth.
We are very confident that we should be able to achieve our target of EBITDA break even in this year.
This quarter marks an important inflection point for Mahindra Logistics. After 11 consecutive quarters of losses, we have turned profitable. A milestone that reflects the decisive actions we took over the past few months.
We have witnessed a 19% year-on-year growth in delivered volumes along with steady yields resulting out of multiple actions that we have taken. Volume leverage and scale have resulted in a corresponding increase in unit economics.
We remain committed to reducing our white space by 95% by September. We are absolutely on track. In fact we are slightly better on our glide path quarter-on-quarter on this.