Mahindra Logistics Ltd Share Price – NSE  / BSE

Logistics, Small Cap

Revenue from operations grew by 11.45% to Rs 1,521.10 crore in Q2 FY25 as compared to Rs 1,364.76 crore recorded in Q2 FY24.

The company reported a pre-tax loss of Rs 4.97 crore in the September 2024 quarter as against a pre-tax loss of Rs 8.17 crore reported in the corresponding quarter previous year.

Total expenses jumped 9.84% year on year to Rs 1,225.81 crore during the quarter. Employee benefits expenses stood at Rs 72.88 crore (down 0.99% YoY) and finance cost stood at Rs 12.20 crore (up 15.53% YoY) in Q2 FY25.

EBITDA was at Rs 66.4 crore in Q2 FY25, up 24% as compared with Rs 53.6 crore posted in Q2 FY24. EBITDA margin remained constant to 4% in Q2 FY25.

The logistics solution provider’s revenue from supply chain management stood at Rs 1,441.43 crore (up 12.74% YoY) while enterprise mobility services was at Rs 81.12 crore (down 6.80% YoY), during the period under review.

Rampraveen Swaminathan, MD and CEO, Mahindra Logistics, “During the quarter, we saw strong revenue performance with year-on-year growth of 11.5%.Our 3PL contract logistics, cross border and last mile delivery segments registered strong growth driven by account additions, new offerings and a stable cross border pricing environment. During the quarter, we expanded our offerings for transportation & green logistics.

We continue to expand the overall network, with new infrastructure expansions in the east to support warehousing, last mile and express segments, which should help drive future growth. With the upcoming peak in Q3, we have expanded capacity and resources in contract logistics and last mile delivery, having a seasonal impact on operating earnings in the quarter. A soft demand environment and operating conditions impacted the express business. We believeH2 will be stronger driven by the festive peak and impact of margin improvement programs across all the businesses.”

Mahindra Logistics (MLL) is an integrated third-party logistics (3PL) service provider, specializing in supply chain management and enterprise mobility. The company serves over 400 corporate customers across various industries like automobile, engineering, consumer goods and e-commerce.

The counter declined 4.85% to Rs 468.05 on the BSE.

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Net Loss of Mahindra Logistics reported to Rs 10.75 crore in the quarter ended September 2024 as against net loss of Rs 15.93 crore during the previous quarter ended September 2023. Sales rose 11.46% to Rs 1521.10 crore in the quarter ended September 2024 as against Rs 1364.76 crore during the previous quarter ended September 2023.

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Mahindra Logistics will hold a meeting of the Board of Directors of the Company on 21 October 2024.

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Mahindra Logistics has unveiled its new brand identity, marking the next step in its evolution towards innovation and sustained growth. The new identity introduces a bold and dynamic icon, symbolizing the aspiration to scale new heights and the relentless drive to rise. It captures the essence of the company's core values and future-ready vision, emphasizing collective strength and continuous forward momentum.

As a trusted leader in integrated logistics, the new identity unifies all our business segments as we focus on delivering integrated solutions. It symbolizes our deep association with customers, focussing on building customised solutions integrating all stages of the supply chain. The icon represents the unification of diverse services and solutions, with a sharp focus on technology, sustainability, and robust operating systems. Mahindra Logistics enables its customers' transition to world-class supply chains, offering seamless pan-India connectivity. The new identity reinforces its commitment to accelerating progress, enhancing operational excellence, and delivering continued value to all our stakeholders., said the company.

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