Mahindra Logistics Ltd Share Price – NSE /  BSE

Logistics, Small Cap

Mahindra Logistics has received reaffirmation in credit rating for fund based and non-fund based facilities of the company of Rs 350 crore at ICRA AA; Stable/ ICRA A1+.

The commercial paper of Rs 100 crore has been assigned credit rating of ICRA A1+.

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Mahindra Logistics announced the following change in senior management as under:

Resignation of Edwin Lobo, Head - Human Resource and Administration with effect from 30 September 2024.

Appointment of Sanjay Gawde, as SMP and Head - Human Resource and Administration of the Company with effect from 1 October 2024.

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However, revenue from operations grew by 9.80% to Rs 1,420.02 crore in Q1 FY25 as compared to Rs 1,293.22 crore recorded in Q1 FY24.

The company reported a pre-tax loss of Rs 2.50 crore in the June quarter as against a profit before tax of Rs 0.57 crore reported in the corresponding quarter previous year.

The logistics solution provider’s revenue from supply chain management stood at Rs 1,340.02 crore (up 10.4% YoY) while enterprise mobility services was at Rs 81.30 crore (up 0.20% YoY), during the period under review.

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.

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Net Loss of Mahindra Logistics reported to Rs 9.32 crore in the quarter ended June 2024 as against net loss of Rs 8.55 crore during the previous quarter ended June 2023. Sales rose 9.80% to Rs 1420.02 crore in the quarter ended June 2024 as against Rs 1293.22 crore during the previous quarter ended June 2023.

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