Please find attached herewith the Earnings Presentation for the second quarter and half year ended 30 September 2026. Detailed intimation is attached.

Mahindra Logistics Limited Arena Space, 10th & 11th Floor, Plot No. 20, Jogeshwari Vikhroli Link Road, Near Majas Bus Depot, Jogeshwari (East), Mumbai – 400060, Maharashtra. Tel: +91 22 6836 7900 Email: enquiries@mahindralogistics.com www.mahindralogistics.com CIN: L63000MH2007PLC173466 Ref: MLLSEC/103/2026 23 October 2026 BSE Limited, National Stock Exchange of India Ltd., (Security Code: 540768) (Symbol: MAHLOG) Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, Fort, “G” Block, Bandra-Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai – 400 051 Dear Sir/Madam, Sub: Earnings Presentation for the second quarter and half year ended 30 September 2026- Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 (“SEBI Listing Regulations”) Ref: Intimation of earnings conference call vide letter dated 28 September 2026 Further to our letter dated 28 September 2026 giving advance intimation of the earnings conference call for the second quarter and half year ended 30 September 2026 (“Mahindra Logistics Limited Q2FY27 Earnings Conference Call”), please find enclosed herewith the Earnings Presentation for the said Earnings Conference Call, inter-alia, encompassing an overview of the Company, its operations and the Unaudited Standalone and Consolidated Financial Results the second quarter and half year ended 30 September 2026, subjected to Limited Review. This intimation and the earnings presentation are also being uploaded on the Company’s website and can be accessed at the weblink: https://mahindralogistics.com/investor-interaction/. For Mahindra Logistics Limited Jignesh Parikh Company Secretary Enclosure: As above Reg Office: Mahindra Towers, P.K. Kurne Chowk, Worli, Mumbai - 400018 Q2 FY27 Investor Presentation Business & Earnings Update October 2026 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Mahindra Logistics Limited (the “Company”), have been preparedsolelyforinformationpurposesand donotconstituteanyoffer,recommendationorinvitation topurchaseorsubscribeforanysecurities,andshallnot formthebasisorbereliedoninconnectionwithanycontract orbindingcommitmentwhatsoever.NoofferingofsecuritiesoftheCompanywillbemadeexcept bymeansofastatutoryofferingdocumentcontainingdetailedinformationabouttheCompany. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation orwarranty, express orimplied, whatsoever, and norelianceshallbeplaced on, thetruth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liabilityinrespectofthecontentsof,oranyomissionfrom,thisPresentationisexpresslyexcluded. CertainmattersdiscussedinthisPresentationmaycontainstatementsregardingtheCompany’smarketopportunityandbusinessprospectsthatareindividually andcollectivelyforward-lookingstatements.Suchforward-lookingstatementsarenotguaranteesoffutureperformanceandaresubjecttoknownandunknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the logistics industry in India and world-wide, competition, the company’s abilitytosuccessfullyimplementitsstrategy,theCompany’sfuturelevelsofgrowthandexpansion,technological implementation,changesandadvancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. Business Update Our Business Segments Contract Last Mile Freight Express Mobility Logistics Delivery Forwarding ▪ Integrated w/h & distribution Tech-first, PAN India B2B Express Intra-city fulfilment & distribution Ocean, air freight, air cargo charter Mobility solutions for enterprises, ▪ FTL & Multimodal transport & PTL Network network for last Mile delivery solutions with customs clearance & B2C customers ▪ In-Factory Logistics ▪ Milk-run ~22 Mn Sq. ft 7,000+ 25,000+ 19,000+ 50+ Warehousing Space (4+ Mn Sq Ft Fleet Deployed People experience our service Pin codes (Direct + ODA) Global Trade Lanes Sustainable Warehousing) (1500+ EVs) daily Key Trade Lanes ~100 240+ 4,000+ 5,000+ USA, Europe, Middle East, South- Customers Processing Centers Pin Codes Served Vehicles deployed Daily East Asia ~600 1,100+ Trucks 1 Cr+ 10,000+ TEUs 100+ Operating Locations Line Haul & Mid Mile Packages Delivered per month Ocean Freight per annum Operating locations PAN India With integrated logistics solutions tailored for diverse industries across various business segments, we provide end-to- end visibility and service excellence, ensuring logistics operations are efficient and optimized. Q2FY27 - Key Highlights Segments Business Performance Profitability ▪ Overall revenue at ₹1,688 Cr, growth of 28% YoY ▪ EBITDA at ₹115 Cr; profitability growth in line with Contract Logistics ▪ Momentum in Auto business, strong pipeline across segments revenue ▪ Overall revenue at ₹169 Cr, growth of 69% YoY ▪ EBITDA turnaround: Express ▪ Improvement in yield and unit economics +₹2.3 Cr vs negative ₹9.1 Cr in Q2 FY26 ▪ Overall revenue at ₹68 Cr Last Mile Delivery ▪ Gross margin at ₹5.3 Cr, up 19% YoY ▪ Prioritizing profitable business over low-margin volumes ▪ Overall revenue at ₹51 Cr ▪ Gross margin improved from 9.3% to 9.9% YoY Freight Forwarding ▪ Focused on rebuilding sales momentum driven by business mix ▪ Overall revenue at ₹119 Cr, growth of 33% YoY Mobility ▪ Gross margin at ₹10.4 Cr, up by 19% YoY ▪ Large customer acquisition in B2B segment All Revenues are after intercompany eliminations 5 Management Commentary Mr. Hemant Sikka – Managing Director and CEO “Q2 FY27 was a strong quarter, with revenue growing 24% YoY and PAT improving 3.5 times to ₹26 crore. These results reflect the benefits of sharper execution, stronger operating discipline and a clear focus on profitable growth. We are increasingly focused on improving both the quality and sustainability of growth across the portfolio. Our focus on profitable growth is also reflected in improving capital efficiency. ROCE increased to 12.9% in H1FY27 from 1.7% in H1FY26 , demonstrating stronger capital productivity and our commitment to creating long-term shareholder value. Further, MESPL achieved EBITDA positivity in both Q2 and H1 FY27, marking an important milestone in its turnaround journey. Contract Logistics continued to deliver strong growth while successfully reducing whitespace in line with our commitments. Across businesses, improving productivity, service levels and customer outcomes are strengthening our competitive position. The progress we are seeing is structural and broad-based. As we move from turnaround to acceleration, our focus remains on profitable growth, operational excellence and long-term value creation.” - Profitable & large M&M business growing YoY M&M growing at ~20% CAGR over last 3 yrs - Amongst key LSPs in E-comm/ Q-comm segment Revenue of ~1,000 Crs p.a. MLL Investment - Margin expansion measures under play Thesis Multiple initiatives under progress - Leadership focus on profitable growth vs. scale-for-scale’s sake - Express busines [Showing first 8,000 characters — download PDF for full document]