Q1FY24 Quarterly Result Announced for Mahindra Logistics Ltd.
Mahindra Logistics announced Q1FY24 results: Consolidated Q1FY24 vs Q1FY23: Revenue Rs 1,293 crore as compared to Rs 1,200 crore EBITDA Rs 73 crore as compared to Rs 69 crore PBT Rs 0.6 crore as compared to Rs 19 crore PAT loss of Rs 9 crore compared to a profit of Rs 13 crore EPS (Diluted) Rs (1.19) as compared to Rs 1.87 Standalone Q1FY24 vs Q1FY23: Revenue Rs 1,051 crore as compared to Rs 1,069 crore EBITDA Rs 87 crore as compared to Rs 66 crore PBT Rs 31 crore as compared to Rs 19 crore PAT Rs 23 crore as compared to Rs 14 crore. EPS (Diluted) Rs 3.18 as compared to Rs 1.95 Commenting on the performance, Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics said, "In Q1FY24, we continued focusing on customer growth and expanding margins across integrated logistics & mobility solutions. Despite the slowdown in some end markets, the 3PL, Mobility, and Last Mile businesses demonstrated positive traction on order intake and account expansion. Our continued focus on margin improvement resulted in positive traction in 2x2 Logistics, MLL Mobility, and ZipZap Logistics. We implemented our integration program for the PTL business acquired from Rivigo. We remain optimistic of positive demand uptick in coming quarters and remain focused on consolidating and leveraging our portfolio." Result PDF25-07-2023
