Mahindra Logistics reports 14% revenue growth, plans $90m rights issue

Mahindra Logistics reported 14% year-on-year revenue growth to INR 1,625 crores in Q1 FY26, with its warehousing segment up 18% to INR 306 crores. EBITDA rose to INR 76.3 crores from INR 66.3 crores, though the company posted a loss of INR 10.8 crores.

The company plans to raise approximately INR 750 crores through a rights issue, allocating INR 556.3 crores to repay borrowings. This is projected to save INR 40-45 crores annually in interest costs.