Mahindra Logistics Q4: Consolidated revenue grows 8%, net profit narrows, Hemant Sikka joins as CEO; check all details

Its net profit narrowed to ₹6.7 crore in Q4 FY25 as against ₹12.8 crore in Q4 FY24.

During the reporting quarter, earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew 37.2% to ₹77.7 crore as against ₹56.6 crore in Q4 FY24.

The EBITDA margin was reported at 5% as compared to 3.9% year-on-year (YoY).

“During the quarter, we saw a positive trend of revenue growth, with YoY growth of 8% driven by growth in 3PL contract logistics and Express. For the full year, revenue grew by 11% driven by account additions, new offerings and new launches. The B2B express business demonstrated volume recovery in the quarter, combined with cost management,” said Rampraveen Swaminathan, Managing Director and CEO, Mahindra Logistics.

“Cross-border continues to see volatility in pricing. We are on track with new warehousing additions in Maharashtra, West Bengal, Guwahati & Tripura. We remain focused on expanding margins through share of solutions, cost management, and turnaround of the express business,” he further said.

The company targets becoming carbon neutral by 2040. It also aims to focus on margin expansion through productivity improvement.

The earnings were announced post-market hours. Shares of Mahindra Logistics ended at ₹309.90 apiece on the National Stock Exchange, rising 3.91%.

The board of directors of the company recommended a final dividend payout of ₹2.50 per equity share of the face value of ₹10 each (25%) for the financial year ended March 31, 2025.

“The final dividend on equity shares for the financial year ended 31 March 2025, as recommended by the Board of Directors and if approved and declared at the ensuing AGM, will be paid/dispatched by the company in permitted modes after Tuesday, 22 July 2025,” the company said in a statement to the exchanges.

Mahindra Logistics also informed that Rampraveen Swaminathan has resigned from his post of MD and CEO of the firm with effect from May 4, 2025.

Swaminathan has decided to move on to pursue other professional interests, and his last day of employment at the company will be July 20, 2025.

Following this, Hemant Sikka has been appointed as the Managing Director & CEO of the company. He has also been appointed as the additional director.

The Mahindra arm has also reappointed Malvika Sinha and Dhananjay Mungale as independent directors.