Mahindra Logistics Ltd Share Price – NSE  / BSE

Logistics, Small Cap

Revenue from operations jumped 8.19% YoY to Rs 1,569.51 crore in Q4 FY25.

The firm reported pre-tax profit of Rs 0.95 crore in Q4 FY25 as against pre-tax loss of Rs 9.22 crore posted in corresponding quarter last year.

EBITDA stood at Rs 78 crore in Q4 FY25, registering the growth of 36.84% as compared with Rs 57 crore posted in Q4 FY24.

Total expenses increased 7.38% to Rs 1,570.75 crore in Q4 FY25 as compared with Rs 1,462.86 crore in Q4 FY24. Operating expenses was at Rs 1,358.76 crore (up 9.62% YoY), employee benefit expenses stood at Rs 95.63 crore (up 1.97% YoY) and finance cost was at Rs 20.55 crore (up 17.9% YoY) during the period under review.

On financial year basis, the company reported consolidated net loss of Rs 35.85 crore in FY25 as compared with net loss of Rs 54.74 crore in FY24.

Revenue from operations jumped 10.88% YoY to Rs 6,104.83 crore in FY25, driven by strong performance in 3PL, Last Mile Delivery (LMD), and Cross Border services.

Rampraveen Swaminathan, managing director and CEO of Mahindra Logistics, said, ?During the quarter, we saw 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. 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.?

Meanwhile, the company?s managing director (MD) and chief executive officer (CEO), Rampraveen Swaminathan has resigned with effect from 4 May 2025 and he has decided to move on to pursue other professional interests and his last day of employment at the company would be 20 July 2025.

Further, the company?s board approved the appointment of Hemant Sikka as managing director (MD) and chief executive officer (CEO) for a period of five years with effect from 5 May 2025 to 4 May 2030 (both days exclusive), subject to approval of the shareholders of the Company at the ensuing 18th AGM of the company.

Furthermore, the company?s board has recommended a final dividend of Rs 2.50 per equity share for FY25, subject to the members? approval at the ensuing 18th Annual General Meeting (AGM) of the company. 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 has fixed record date as Friday, 11 July 2025.

Mahindra Logistics (MLL) is an integrated third-party logistics (3PL) service provider, specializing in supply chain management and enterprise mobility.

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The key equity indices traded with minor gains in early trade. The Nifty traded above the 24,100 level. Metal, FMCG and PSU Bank stocks advanced while IT, pharma and auto shares declined.

At 09:25 IST, the barometer index, the S&P BSE Sensex added 68.12 points or 0.10% to 79,490.10. The Nifty 50 index rose 19.10 points or 0.08% to 24,144.65.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index jumped 0.25% and the S&P BSE Small-Cap index advanced 0.21%.

The market breadth was positive. On the BSE, 1,596 shares rose and 1,249 shares fell. A total of 141 shares were unchanged.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,970.17 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 246.59 crore in the Indian equity market on 21 April 2025, provisional data showed.

Economy:

In a relief to banks, the Reserve Bank of India has finalized its Liquidity Coverage Ratio (LCR) guidelines, reducing the proposed additional run-off factor on internet and mobile banking-enabled retail deposits to 2.5%, effective 1 April 2026. Under the new norms, stable and less stable retail deposits will now attract run-off factors of 7.5% and 12.5%, respectively. The RBI also lowered the run-off rate on wholesale funding from non-financial entities like trusts and LLPs to 40% from 100%, aiming to better reflect funding stability. These changes are expected to improve banks' LCR by about 6% while ensuring continued compliance with minimum regulatory

Stocks in Spotlight:

Mahindra Logistics rallied 5.05%. The company reported a consolidated net loss of Rs 6.75 crore in Q4 FY25 as compared with net loss of Rs 12.85 crore in Q4 FY24. Revenue from operations jumped 8.19% YoY to Rs 1,569.51 crore in Q4 FY25.

Pitti Engineering jumped 3.34%. The company reported a 21.4% decline in consolidated net profit to Rs 36.14 crore in Q4 FY25 as compared with Rs 46 crore in Q4 FY24. Net sales jumped 39.6% YoY to Rs 468.78 crore in Q4 FY25.

Tata Investment Corporation declined 1.63% after the company?s consolidated net profit declined 37.6% to Rs 37.72 crore in Q4 FY25 as compared with Rs 60.47 crore in Q4 FY24. Total income fell 42.9% YoY to Rs 45.83 crore during the quarter ended 31st March 2025.

Numbers to Track:

The yield on India's 10-year benchmark federal paper advanced 1.74% to 6.430 as compared with the previous close of 6.417.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.1550, compared with its close of 85.1575 during the previous trading session.

MCX Gold futures for the 5 June 2025 settlement were rose 1.73% to Rs 96,960.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.23% to 98.12.

The United States 10-year bond yield rose 0.20% to 4.414.

In the commodities market, Brent crude for June 2025 settlement advanced 31 cents or 0.47% to 66.57 a barrel.

Global Market:

Dow Jones futures jumped 156 points early this morning, signaling a potential bounce-back for U.S. equities after a rocky start to the week.

Most Asian markets advanced on Tuesday. But gains were kept in check after Wall Street stumbled, weighed down by President Trump intensifying his public pressure on Federal Reserve Chairman Jerome Powell?again raising eyebrows over the Fed?s independence.

Meanwhile, tensions between Washington and Beijing flared up further. China slapped sanctions on several U.S. lawmakers, officials, and NGO leaders, accusing them of ?egregious behaviour? over Hong Kong-related issues. The move comes on the heels of U.S. sanctions imposed last month on Chinese and Hong Kong officials?an action that Beijing has strongly condemned, according to foreign ministry spokesperson Guo Jiakun.

Back in the U.S., all three major indexes slid overnight as investors digested Trump?s Powell tirade and a lack of progress on global trade talks. The Dow tumbled 2.48%, the S&P 500 sank 2.36%, and the Nasdaq dropped 2.55%.

Powell, for his part, reminded everyone last week that the Fed?s independence is not just tradition?it?s a matter of law. Markets are now trying to parse whether Trump?s threats are just more rate-cut rhetoric or something more serious.

Adding to the global gloom, a leading brokerage trimmed its global growth forecast on Monday. Blaming the ongoing tariff drama and mounting uncertainty from U.S. trade policy, it now expects global GDP to grow just 2.8% in 2025 and 3% in 2026?down 30 and 20 basis points, respectively, from previous estimates. One-third of the downgrade stems from the U.S., with the rest spread across China, Japan, and emerging markets.

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The Board of Mahindra Logistics at its meeting held on 21 April 2025 has accepted the resignation of Rampraveen Swaminathan (DIN: 01300682) as the ?Managing Director and Chief Executive Officer? and as a Director of the Company with effect from close of 4 May 2025.

The Board has appointed Hemant Sikka (DIN: 00922281) as an Additional Director of the Company with effect from 22 April 2025. He will be designated as Managing Director & CEO (Designate) of the Company from 22 April 2025 to 4 May 2025 and as Managing Director and Chief Executive Officer from 5 May 2025 to 04 May 2030.

Powered by Capital Market - Live News

The key equity indices traded with minor gains in early trade. The Nifty traded above the 24,100 level. Metal, FMCG and PSU Bank stocks advanced while IT, pharma and auto shares declined.

At 09:25 IST, the barometer index, the S&P BSE Sensex added 68.12 points or 0.10% to 79,490.10. The Nifty 50 index rose 19.10 points or 0.08% to 24,144.65.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index jumped 0.25% and the S&P BSE Small-Cap index advanced 0.21%.

The market breadth was positive. On the BSE, 1,596 shares rose and 1,249 shares fell. A total of 141 shares were unchanged.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,970.17 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 246.59 crore in the Indian equity market on 21 April 2025, provisional data showed.

Economy:

In a relief to banks, the Reserve Bank of India has finalized its Liquidity Coverage Ratio (LCR) guidelines, reducing the proposed additional run-off factor on internet and mobile banking-enabled retail deposits to 2.5%, effective 1 April 2026. Under the new norms, stable and less stable retail deposits will now attract run-off factors of 7.5% and 12.5%, respectively. The RBI also lowered the run-off rate on wholesale funding from non-financial entities like trusts and LLPs to 40% from 100%, aiming to better reflect funding stability. These changes are expected to improve banks' LCR by about 6% while ensuring continued compliance with minimum regulatory

Stocks in Spotlight:

Mahindra Logistics rallied 5.05%. The company reported a consolidated net loss of Rs 6.75 crore in Q4 FY25 as compared with net loss of Rs 12.85 crore in Q4 FY24. Revenue from operations jumped 8.19% YoY to Rs 1,569.51 crore in Q4 FY25.

Pitti Engineering jumped 3.34%. The company reported a 21.4% decline in consolidated net profit to Rs 36.14 crore in Q4 FY25 as compared with Rs 46 crore in Q4 FY24. Net sales jumped 39.6% YoY to Rs 468.78 crore in Q4 FY25.

Tata Investment Corporation declined 1.63% after the company?s consolidated net profit declined 37.6% to Rs 37.72 crore in Q4 FY25 as compared with Rs 60.47 crore in Q4 FY24. Total income fell 42.9% YoY to Rs 45.83 crore during the quarter ended 31st March 2025.

Numbers to Track:

The yield on India's 10-year benchmark federal paper advanced 1.74% to 6.430 as compared with the previous close of 6.417.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.1550, compared with its close of 85.1575 during the previous trading session.

MCX Gold futures for the 5 June 2025 settlement were rose 1.73% to Rs 96,960.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.23% to 98.12.

The United States 10-year bond yield rose 0.20% to 4.414.

In the commodities market, Brent crude for June 2025 settlement advanced 31 cents or 0.47% to 66.57 a barrel.

Global Market:

Dow Jones futures jumped 156 points early this morning, signaling a potential bounce-back for U.S. equities after a rocky start to the week.

Most Asian markets advanced on Tuesday. But gains were kept in check after Wall Street stumbled, weighed down by President Trump intensifying his public pressure on Federal Reserve Chairman Jerome Powell?again raising eyebrows over the Fed?s independence.

Meanwhile, tensions between Washington and Beijing flared up further. China slapped sanctions on several U.S. lawmakers, officials, and NGO leaders, accusing them of ?egregious behaviour? over Hong Kong-related issues. The move comes on the heels of U.S. sanctions imposed last month on Chinese and Hong Kong officials?an action that Beijing has strongly condemned, according to foreign ministry spokesperson Guo Jiakun.

Back in the U.S., all three major indexes slid overnight as investors digested Trump?s Powell tirade and a lack of progress on global trade talks. The Dow tumbled 2.48%, the S&P 500 sank 2.36%, and the Nasdaq dropped 2.55%.

Powell, for his part, reminded everyone last week that the Fed?s independence is not just tradition?it?s a matter of law. Markets are now trying to parse whether Trump?s threats are just more rate-cut rhetoric or something more serious.

Adding to the global gloom, a leading brokerage trimmed its global growth forecast on Monday. Blaming the ongoing tariff drama and mounting uncertainty from U.S. trade policy, it now expects global GDP to grow just 2.8% in 2025 and 3% in 2026?down 30 and 20 basis points, respectively, from previous estimates. One-third of the downgrade stems from the U.S., with the rest spread across China, Japan, and emerging markets.

Powered by Capital Market - Live News

The Board of Mahindra Logistics at its meeting held on 21 April 2025 has accepted the resignation of Rampraveen Swaminathan (DIN: 01300682) as the ?Managing Director and Chief Executive Officer? and as a Director of the Company with effect from close of 4 May 2025.

The Board has appointed Hemant Sikka (DIN: 00922281) as an Additional Director of the Company with effect from 22 April 2025. He will be designated as Managing Director & CEO (Designate) of the Company from 22 April 2025 to 4 May 2025 and as Managing Director and Chief Executive Officer from 5 May 2025 to 04 May 2030.

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Net Loss of Mahindra Logistics reported to Rs 6.75 crore in the quarter ended March 2025 as against net loss of Rs 12.85 crore during the previous quarter ended March 2024. Sales rose 8.19% to Rs 1569.51 crore in the quarter ended March 2025 as against Rs 1450.76 crore during the previous quarter ended March 2024.

For the full year,net loss reported to Rs 35.85 crore in the year ended March 2025 as against net loss of Rs 54.74 crore during the previous year ended March 2024. Sales rose 10.88% to Rs 6104.83 crore in the year ended March 2025 as against Rs 5505.97 crore during the previous year ended March 2024.

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Revenue from operations jumped 8.19% YoY to Rs 1,569.51 crore in Q4 FY25.

The firm reported pre-tax profit of Rs 0.95 crore in Q4 FY25 as against pre-tax loss of Rs 9.22 crore posted in corresponding quarter last year.

EBITDA stood at Rs 78 crore in Q4 FY25, registering the growth of 36.84% as compared with Rs 57 crore posted in Q4 FY24.

Total expenses increased 7.38% to Rs 1,570.75 crore in Q4 FY25 as compared with Rs 1,462.86 crore in Q4 FY24. Operating expenses was at Rs 1,358.76 crore (up 9.62% YoY), employee benefit expenses stood at Rs 95.63 crore (up 1.97% YoY) and finance cost was at Rs 20.55 crore (up 17.9% YoY) during the period under review.

On financial year basis, the company reported consolidated net loss of Rs 35.85 crore in FY25 as compared with net loss of Rs 54.74 crore in FY24.

Revenue from operations jumped 10.88% YoY to Rs 6,104.83 crore in FY25, driven by strong performance in 3PL, Last Mile Delivery (LMD), and Cross Border services.

Rampraveen Swaminathan, managing director and CEO of Mahindra Logistics, said, ?During the quarter, we saw 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. 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.?

Meanwhile, the company?s managing director (MD) and chief executive officer (CEO), Rampraveen Swaminathan has resigned with effect from 4 May 2025 and he has decided to move on to pursue other professional interests and his last day of employment at the company would be 20 July 2025.

Further, the company?s board approved the appointment of Hemant Sikka as managing director (MD) and chief executive officer (CEO) for a period of five years with effect from 5 May 2025 to 4 May 2030 (both days exclusive), subject to approval of the shareholders of the Company at the ensuing 18th AGM of the company.

Furthermore, the company?s board has recommended a final dividend of Rs 2.50 per equity share for FY25, subject to the members? approval at the ensuing 18th Annual General Meeting (AGM) of the company. 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 has fixed record date as Friday, 11 July 2025.

Mahindra Logistics (MLL) is an integrated third-party logistics (3PL) service provider, specializing in supply chain management and enterprise mobility.

Powered by Capital Market - Live News

The key equity indices traded with minor gains in early trade. The Nifty traded above the 24,100 level. Metal, FMCG and PSU Bank stocks advanced while IT, pharma and auto shares declined.

At 09:25 IST, the barometer index, the S&P BSE Sensex added 68.12 points or 0.10% to 79,490.10. The Nifty 50 index rose 19.10 points or 0.08% to 24,144.65.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index jumped 0.25% and the S&P BSE Small-Cap index advanced 0.21%.

The market breadth was positive. On the BSE, 1,596 shares rose and 1,249 shares fell. A total of 141 shares were unchanged.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,970.17 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 246.59 crore in the Indian equity market on 21 April 2025, provisional data showed.

Economy:

In a relief to banks, the Reserve Bank of India has finalized its Liquidity Coverage Ratio (LCR) guidelines, reducing the proposed additional run-off factor on internet and mobile banking-enabled retail deposits to 2.5%, effective 1 April 2026. Under the new norms, stable and less stable retail deposits will now attract run-off factors of 7.5% and 12.5%, respectively. The RBI also lowered the run-off rate on wholesale funding from non-financial entities like trusts and LLPs to 40% from 100%, aiming to better reflect funding stability. These changes are expected to improve banks' LCR by about 6% while ensuring continued compliance with minimum regulatory

Stocks in Spotlight:

Mahindra Logistics rallied 5.05%. The company reported a consolidated net loss of Rs 6.75 crore in Q4 FY25 as compared with net loss of Rs 12.85 crore in Q4 FY24. Revenue from operations jumped 8.19% YoY to Rs 1,569.51 crore in Q4 FY25.

Pitti Engineering jumped 3.34%. The company reported a 21.4% decline in consolidated net profit to Rs 36.14 crore in Q4 FY25 as compared with Rs 46 crore in Q4 FY24. Net sales jumped 39.6% YoY to Rs 468.78 crore in Q4 FY25.

Tata Investment Corporation declined 1.63% after the company?s consolidated net profit declined 37.6% to Rs 37.72 crore in Q4 FY25 as compared with Rs 60.47 crore in Q4 FY24. Total income fell 42.9% YoY to Rs 45.83 crore during the quarter ended 31st March 2025.

Numbers to Track:

The yield on India's 10-year benchmark federal paper advanced 1.74% to 6.430 as compared with the previous close of 6.417.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.1550, compared with its close of 85.1575 during the previous trading session.

MCX Gold futures for the 5 June 2025 settlement were rose 1.73% to Rs 96,960.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.23% to 98.12.

The United States 10-year bond yield rose 0.20% to 4.414.

In the commodities market, Brent crude for June 2025 settlement advanced 31 cents or 0.47% to 66.57 a barrel.

Global Market:

Dow Jones futures jumped 156 points early this morning, signaling a potential bounce-back for U.S. equities after a rocky start to the week.

Most Asian markets advanced on Tuesday. But gains were kept in check after Wall Street stumbled, weighed down by President Trump intensifying his public pressure on Federal Reserve Chairman Jerome Powell?again raising eyebrows over the Fed?s independence.

Meanwhile, tensions between Washington and Beijing flared up further. China slapped sanctions on several U.S. lawmakers, officials, and NGO leaders, accusing them of ?egregious behaviour? over Hong Kong-related issues. The move comes on the heels of U.S. sanctions imposed last month on Chinese and Hong Kong officials?an action that Beijing has strongly condemned, according to foreign ministry spokesperson Guo Jiakun.

Back in the U.S., all three major indexes slid overnight as investors digested Trump?s Powell tirade and a lack of progress on global trade talks. The Dow tumbled 2.48%, the S&P 500 sank 2.36%, and the Nasdaq dropped 2.55%.

Powell, for his part, reminded everyone last week that the Fed?s independence is not just tradition?it?s a matter of law. Markets are now trying to parse whether Trump?s threats are just more rate-cut rhetoric or something more serious.

Adding to the global gloom, a leading brokerage trimmed its global growth forecast on Monday. Blaming the ongoing tariff drama and mounting uncertainty from U.S. trade policy, it now expects global GDP to grow just 2.8% in 2025 and 3% in 2026?down 30 and 20 basis points, respectively, from previous estimates. One-third of the downgrade stems from the U.S., with the rest spread across China, Japan, and emerging markets.

Powered by Capital Market - Live News

The Board of Mahindra Logistics at its meeting held on 21 April 2025 has accepted the resignation of Rampraveen Swaminathan (DIN: 01300682) as the ?Managing Director and Chief Executive Officer? and as a Director of the Company with effect from close of 4 May 2025.

The Board has appointed Hemant Sikka (DIN: 00922281) as an Additional Director of the Company with effect from 22 April 2025. He will be designated as Managing Director & CEO (Designate) of the Company from 22 April 2025 to 4 May 2025 and as Managing Director and Chief Executive Officer from 5 May 2025 to 04 May 2030.

Powered by Capital Market - Live News

The key equity indices traded with minor gains in early trade. The Nifty traded above the 24,100 level. Metal, FMCG and PSU Bank stocks advanced while IT, pharma and auto shares declined.

At 09:25 IST, the barometer index, the S&P BSE Sensex added 68.12 points or 0.10% to 79,490.10. The Nifty 50 index rose 19.10 points or 0.08% to 24,144.65.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index jumped 0.25% and the S&P BSE Small-Cap index advanced 0.21%.

The market breadth was positive. On the BSE, 1,596 shares rose and 1,249 shares fell. A total of 141 shares were unchanged.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,970.17 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 246.59 crore in the Indian equity market on 21 April 2025, provisional data showed.

Economy:

In a relief to banks, the Reserve Bank of India has finalized its Liquidity Coverage Ratio (LCR) guidelines, reducing the proposed additional run-off factor on internet and mobile banking-enabled retail deposits to 2.5%, effective 1 April 2026. Under the new norms, stable and less stable retail deposits will now attract run-off factors of 7.5% and 12.5%, respectively. The RBI also lowered the run-off rate on wholesale funding from non-financial entities like trusts and LLPs to 40% from 100%, aiming to better reflect funding stability. These changes are expected to improve banks' LCR by about 6% while ensuring continued compliance with minimum regulatory

Stocks in Spotlight:

Mahindra Logistics rallied 5.05%. The company reported a consolidated net loss of Rs 6.75 crore in Q4 FY25 as compared with net loss of Rs 12.85 crore in Q4 FY24. Revenue from operations jumped 8.19% YoY to Rs 1,569.51 crore in Q4 FY25.

Pitti Engineering jumped 3.34%. The company reported a 21.4% decline in consolidated net profit to Rs 36.14 crore in Q4 FY25 as compared with Rs 46 crore in Q4 FY24. Net sales jumped 39.6% YoY to Rs 468.78 crore in Q4 FY25.

Tata Investment Corporation declined 1.63% after the company?s consolidated net profit declined 37.6% to Rs 37.72 crore in Q4 FY25 as compared with Rs 60.47 crore in Q4 FY24. Total income fell 42.9% YoY to Rs 45.83 crore during the quarter ended 31st March 2025.

Numbers to Track:

The yield on India's 10-year benchmark federal paper advanced 1.74% to 6.430 as compared with the previous close of 6.417.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.1550, compared with its close of 85.1575 during the previous trading session.

MCX Gold futures for the 5 June 2025 settlement were rose 1.73% to Rs 96,960.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.23% to 98.12.

The United States 10-year bond yield rose 0.20% to 4.414.

In the commodities market, Brent crude for June 2025 settlement advanced 31 cents or 0.47% to 66.57 a barrel.

Global Market:

Dow Jones futures jumped 156 points early this morning, signaling a potential bounce-back for U.S. equities after a rocky start to the week.

Most Asian markets advanced on Tuesday. But gains were kept in check after Wall Street stumbled, weighed down by President Trump intensifying his public pressure on Federal Reserve Chairman Jerome Powell?again raising eyebrows over the Fed?s independence.

Meanwhile, tensions between Washington and Beijing flared up further. China slapped sanctions on several U.S. lawmakers, officials, and NGO leaders, accusing them of ?egregious behaviour? over Hong Kong-related issues. The move comes on the heels of U.S. sanctions imposed last month on Chinese and Hong Kong officials?an action that Beijing has strongly condemned, according to foreign ministry spokesperson Guo Jiakun.

Back in the U.S., all three major indexes slid overnight as investors digested Trump?s Powell tirade and a lack of progress on global trade talks. The Dow tumbled 2.48%, the S&P 500 sank 2.36%, and the Nasdaq dropped 2.55%.

Powell, for his part, reminded everyone last week that the Fed?s independence is not just tradition?it?s a matter of law. Markets are now trying to parse whether Trump?s threats are just more rate-cut rhetoric or something more serious.

Adding to the global gloom, a leading brokerage trimmed its global growth forecast on Monday. Blaming the ongoing tariff drama and mounting uncertainty from U.S. trade policy, it now expects global GDP to grow just 2.8% in 2025 and 3% in 2026?down 30 and 20 basis points, respectively, from previous estimates. One-third of the downgrade stems from the U.S., with the rest spread across China, Japan, and emerging markets.

Powered by Capital Market - Live News

The Board of Mahindra Logistics at its meeting held on 21 April 2025 has accepted the resignation of Rampraveen Swaminathan (DIN: 01300682) as the ?Managing Director and Chief Executive Officer? and as a Director of the Company with effect from close of 4 May 2025.

The Board has appointed Hemant Sikka (DIN: 00922281) as an Additional Director of the Company with effect from 22 April 2025. He will be designated as Managing Director & CEO (Designate) of the Company from 22 April 2025 to 4 May 2025 and as Managing Director and Chief Executive Officer from 5 May 2025 to 04 May 2030.

Powered by Capital Market - Live News

Net Loss of Mahindra Logistics reported to Rs 6.75 crore in the quarter ended March 2025 as against net loss of Rs 12.85 crore during the previous quarter ended March 2024. Sales rose 8.19% to Rs 1569.51 crore in the quarter ended March 2025 as against Rs 1450.76 crore during the previous quarter ended March 2024.

For the full year,net loss reported to Rs 35.85 crore in the year ended March 2025 as against net loss of Rs 54.74 crore during the previous year ended March 2024. Sales rose 10.88% to Rs 6104.83 crore in the year ended March 2025 as against Rs 5505.97 crore during the previous year ended March 2024.

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