Mahindra Logistics Ltd Share Price – NSE /  BSE

Logistics, Small Cap

Mahindra Logistics has approved investment in the equity shares of MLL Express Services (MESPL), wholly-owned subsidiary of the Company, up to an amount not exceeding Rs. 35 crore by way of subscription to rights issue by MESPL of up to 3,50,00,000 equity shares of Rs. 10 each, at par. The full amount of the issue price will be payable on application in cash.

The said investment will not cause any change in the shareholding of the Company in MESPL. MESPL will continue to be a 100% wholly-owned subsidiary of the Company.

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Mahindra Logistics announced its partnership with Asian Paints for integrated transportation solutions. Through this partnership Mahindra Logistics will deploy a network of integrated line haul transportation solutions for Asian Paints for short distances to improve their supply chain efficiency, availability and visibility.

Asian Paints has been a leader in supply chain practices with cutting edge systems, technology, & innovation and this partnership will enable Asian Paints to leverage their scale of operations and further extend this capability in line haul logistics by integrating the new Pro-Trucking solutions from Mahindra Logistics.

Mahindra Logistics has recently introduced ‘Pro-Trucking'—a fleet of dedicated, premium, fuel-efficient fleet tailored for extensive Pan-India line haul movements for multi-site customer operations. This offering empowers businesses with enhanced strategic control over their transportation and distribution networks through improved Turn Around Times (TAT), committed fleet availability and high utilization.

Mahindra Logistics additionally offers route management, end-to-end fleet visibility and integration with customer Transportation & Warehouse Management Systems. In line with Mahindra Logistics commitment to safety, this fleet is powered by BS6 Vehicles, Advanced Driver-Assistance Systems (ADAS) 360-degree monitoring and a host of security features including digital locking systems. Using company's Emission Analytics Platform (eDeL-EAR), customers can track the carbon footprint of the fleet operations on a real time basis by consignments.

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Revenue from operations grew by 14.09% to Rs 1,594.20 crore in Q3 FY25, compared to Rs 1,397.23 crore recorded in Q3 FY24.

The company reported a pre-tax loss of Rs 1.12 crore in the third quarter of FY25 as against a pre-tax loss of Rs 9.57 crore reported in the corresponding quarter previous year.

Total expenses jumped 13.35% year on year to Rs 1,601.57 crore during the quarter. Employee benefits expenses stood at Rs 101.28 crore (down 6.03% YoY) and finance cost stood at Rs 59.01 crore (up 14.67% YoY) in Q3 FY25.

EBITDA was at Rs 73.7 crore in Q3 FY25, up 40.9%, compared with Rs 52.3 crore posted in Q3 FY24. EBITDA margin remained constant to 4.6% in Q3 FY25.

The logistics solution provider’s revenue from supply chain management stood at Rs 1,517.30 crore (up 15.53% YoY) while enterprise mobility services was at Rs 78.09 crore (down 7.56% YoY), during the period under review.

Rampraveen Swaminathan, MD and CEO of Mahindra Logistics, said, During the quarter, we saw robust revenue growth of 14.1%. Our 3PL contract logistics and outbound logistics business registered strong growth driven by account additions, new offerings and new launches.

The crossborder and last mile business segments continued to demonstrate volume growth, despite sectoral pricing headwinds. During the quarter, we expanded our offerings for transportation & green logistics. We are on track with new warehousing additions in western and eastern India. We remain focused on expanding margins through better cost management and turnaround of the express business.

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 automobiles, engineering, consumer goods, and e-commerce.

The counter declined 1.72% to Rs 355 on the BSE.

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Net Loss of Mahindra Logistics reported to Rs 9.03 crore in the quarter ended December 2024 as against net loss of Rs 17.41 crore during the previous quarter ended December 2023. Sales rose 14.10% to Rs 1594.20 crore in the quarter ended December 2024 as against Rs 1397.23 crore during the previous quarter ended December 2023.

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