Mahindra Logistics Ltd - 540768 - Intimation Under Regulation 30 Of SEBI LODR.
We would like to inform that the Company has received an Order dated 2 November 2023 imposing penalty under GST Laws in contention that the excess or incorrect Input Tax Credit was claimed by the Company.. Detailed disclosure in this regard is attached. Mahindra Logistics Ltd - 540768 - Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015''.
Detailed disclosure in this regard is attached. Mahindra Logistics Ltd - 540768 - Update On Litigation - Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Detailed Disclosure in this regard is attached. Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
In compliance with Regulation 30(6) read with para A(15)(b) of part A of schedule III and other applicable provisions of the SEBI Listing Regulations, please find enclosed the transcript of the earnings call of the Company for the quarter and half year ended 30 September 2023, held on Wednesday, 25 October 2023 with several analyst/institutional investors/funds. Detailed disclosure in this regards is attached.
Neutral Mahindra Logistics; target of Rs 330 : Motilal Oswal
Motilal Oswal recommended Neutral rating on Mahindra Logistics with a target price of Rs 330 in its research report dated October 25, 2023. Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
In compliance with Regulation 30(6) read with Para A (15) of Part A of Schedule III and other applicable provisions of the SEBI Listing Regulations, we hereby inform you that the Company has today viz. Wednesday, 25 October 2023, concluded its quarterly earnings conference call with several Analysts/Institutional Investors/Funds on the Unaudited Standalone and Consolidated Financial Results of the Company, which are subjected to Limited Review, for the quarter and half year ended 30 September 2023. Detailed disclosure in this regard is attached. Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of the Unaudited Consolidated financial Results for the quarter and half year ended 30 September 2023, subjected to limited review, approved by the Board of Directors of the Company at their Meeting held on Monday, 24 October 2023 and published today i.e. Tuesday, 24 October 2023 in Mumbai Edition of Business Standard (English) and Sakal (Marathi) in print and electronic version. Detailed disclosures is attached. Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Investor Presentation
In compliance with regulation 30 read with para 15(a) of Part A of schedule III and other applicable provisions of SEBI Listing Regulations, enclosed herewith earnings presentation for Q2H1FY24 along detailed disclosure. Mahindra Logistics Ltd - 540768 - Corrigendum To Unaudited Standalone Financial Results Of The Company For The Quarter And Half Year Ended 30 September 2023 - Regulations 30 And 33 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Detailed disclosure in this regards is attached Q2FY24 Quarterly & H1FY24 Bi-Result Announced for Mahindra Logistics Ltd.
Mahindra Logistics announced Q2FY24 & H1FY24 results: Financial Performance: - Revenue for Q2 FY24 stood at Rs. 1,136 crores, compared to Rs. 1,195 crores in Q2 FY23. - EBITDA for Q2 FY24 was Rs. 74 crores, compared to Rs. 64 crores in Q2 FY23. - Profit before tax (PBT) for Q2 FY24 was Rs. 26 crores, compared to Rs. 15 crores in Q2 FY23. - Profit after tax (PAT) for Q2 FY24 was Rs. 19 crores, compared to Rs. 11 crores in Q2 FY23. Revenue Growth: - Revenue for H1 FY24 increased to Rs. 2,187 crores, compared to Rs. 2,264 crores in H1 FY23. - EBITDA for H1 FY24 was Rs. 157 crores, compared to Rs. 128 crores in H1 FY23. - PAT for H1 FY24 was Rs. 42 crores, compared to Rs. 25 crores in H1 FY23. Business Segments: - 3PL Supply Chain services grew 4% YoY, driven by growth in automotive, engineering, consumer, and durables sectors. - The Global Freight Forwarding industry experienced lower-than-expected performance due to softness in freight prices and global uncertainty. - MLL Express business saw a 4% increase in volumes, with customer additions driving momentum. - The Mobility business showed growth in existing customers and acquisition of new clients, resulting in positive PAT. Margin Improvement and Cost Reduction: - The company focused on margin improvement, which resulted in earnings growth across all businesses except MLL Express. - The MLL Express business faced challenges with lower volumes and higher transport costs, impacting the improvement plan. - Cost reduction and product mix improvements in 3PL, Last Mile Delivery, and Mobility businesses contributed to margin improvements. Network Expansion and Service Enhancements: - Warehouse space under management in the 3PL business reached 19 million sq. ft. - Expansion projects in Chakan, Kolkata, Nasik, and Guwahati are on track. - A new multi-client warehouse was launched in Bhiwandi, Mumbai to manage fulfilment and distribution for automotive, e-commerce, and FMCG industries. Mr. Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics Ltd., commented, "The overall logistics industry is well poised driven by long-term focus on infrastructure, manufacturing, consumption growth, and positive regulatory trajectory. Overall new order intake remained robust across our business segments...With the upcoming festive season, we hope to see a positive demand uptick and we remain focused on accelerating margins driven by synergies in the network business and other cost reduction programs." Result PDF