Mumbai, July 21 -- Mahindra Logistics Ltd informed the stock exchange today that it has posted a wider net loss of Rs 9.44 crore on sequential basis in the first quarter (Q1) of FY26, as compared to a loss of Rs 5.29 crore in the previous quarter (Q4 FY25).
This is despite the company's revenue from operations rising to Rs 1,624.59 crore in Q1, by 3.54 per cent from Rs 1,569.51 crore in the previous quarter. Its total income saw a growth of 3.69 per cent on a quarter-on-quarter (QoQ) basis, touchin Rs 1,629.66 crore, as compared to Rs 1,571.68 crore in Q4 FY25.
However, the total expenses during the quarter grew at a faster pace and rose by 4.12 per cent to Rs 1,635.44 crore from Rs 1,570.75 crore in the previous quarter.
The increase in...