Buy Mahindra Logistics; target of Rs 455: Sharekhan
Sharekhan is bullish on Mahindra Logistics has recommended buy rating on the stock with a target price of Rs 455 in its research report dated April 25, 2023.26-04-2023
26-04-2023
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. Tuesday, 25 April 2023, concluded its earnings conference call with several Analysts/Institutional Investors/Funds on the Annual Audited Financial Results of the Company for the quarter and financial year ended 31 March 2023 (Financial Results). Mr. Rampraveen Swaminathan, Managing Director & CEO represented the Company at the said earnings conference call. The Analysts/Institutional Investors/Funds were briefed on the published Financial Results, overall performance of the businesses of the Company and general industry update, followed by a Question & Answer session with the participants. The Earnings Presentation, which was sent to the Stock Exchanges vide our letter dated 24 April 2023 and uploaded on the Company website was referred during the call. The audio recording of the earnings conference call is uploaded on the website of the Company. No Unpublished Price Sensitive Information was shared/discussed by the Company during the earnings conference call. Detailed disclosure in this regards is attached.25-04-2023
Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Newspaper Publication
In compliance with Regulation 47 and other applicable provisions of the SEBI Listing Regulations, please find enclosed extracts of the newspaper publication, in prescribed format, of the Annual Audited Consolidated Financial Results for the financial year ended 31 March 2023 approved by the Board of Directors of the Company at their Meeting held on Monday, 24 April 2023 and published today i.e. on Tuesday, 25 April 2023 in Mumbai Edition of the newspapers viz. Business Standard (English) and Sakal (Marathi) (print and electronic version). Detailed disclosure in this regards is attached25-04-2023
Q4FY23 Quarterly & FY23 Annual Result Announced for Mahindra Logistics Ltd.
Transporation-Logistics Company Mahindra Logistics announced Q4FY23 & FY23 results: Consolidated FY23 vs FY22: Revenue of Rs 5,128 crore, as compared to Rs 4,141 crore EBITDA of Rs 276 crore, as compared to Rs 198 crore PBT of Rs 35 crore, as compared to Rs 26 crore PAT of Rs 25 crore, as compared to Rs 15 crore EPS (diluted) of Rs 3.64, as compared to Rs 2.43 FY23 performance (without Rivigo B2B express acquisition) comparable with FY22: Revenue of Rs 5,017 crore, as compared to Rs 4,141 crore EBITDA of Rs 303 crore, as compared to Rs 198 crore PBT of Rs 77 crore, as compared to Rs 26 crore PAT of Rs 57 crore, as compared to Rs 15 crore Consolidated Q4FY23 vs Q4FY22: Revenue of Rs 1,273 crore, as compared to Rs 1,089 crore EBITDA of Rs 68 crore, as compared to Rs 58 crore PBT of Rs -5 crore, as compared to Rs 9 crore PAT of Rs -1 crore, as compared to Rs 6 crore EPS (diluted) of Rs -0.11, as compared to Rs 1.03 Q4FY23 performance (without Riviqo B2B express acquisition) comparable with Q4FY22: Revenue of Rs 1,206 crore, as compared to Rs 1,089 crore EBITDA of Rs 87 crore, as compared to Rs 58 crore PBT of Rs 24 crore, as compared to Rs 9 crore PAT of Rs 21 crore, as compared to Rs 6 crore The board of directors has recommended a dividend of 25% (Rs 2.5 per share) FY22 figures have been restated post-acquisition of Meru companies in Q1FY23 FY23 numbers consolidated above are including Rivigo's B2B express business acquired with effect from 10 November 2022 Commenting on the performance, Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics, said, "In Q4 FY23, we continued to invest in our vision of becoming a customer-led provider of integrated logistics & mobility solutions. Despite a slowdown in some end markets, our core 3PL business demonstrated positive traction on order intake and margin expansion, driven by our diversified market segments. Our freight forwarding business was impacted by freight price corrections but demonstrated volume growth across all offerings. The integration program of Rivigo's B2B express business acquired last quarter remains on track to yield cost and operating synergies in the coming quarters. Continued investments in operational excellence and technology aided in operational efficiencies. During the quarter we were certified as Great Place to Work, reaffirming our commitment to building an equal-opportunity, inclusive workplace. We remain optimistic of positive demand uptick in coming quarters and remain focused on consolidating and leveraging our portfolio." Result PDF25-04-2023
Mahindra Logistics slips as net profit crashes 97% YoY
The consolidated net profit of Mahindra Logistics crashed 97 percent YoY to Rs 0.2 crore in the March quarter, while the operating margin came in at 5.01 percent against 4.73 percent in the year-ago period25-04-2023
Mahindra Logistics Ltd - 540768 - 16Th Annual General Meeting Of The Company
Pursuant to applicable provisions of SEBI Listing Regulations, we hereby inform you that the Board of Directors of Mahindra Logistics Limited at their Meeting held today viz. Monday, 24 April 2023, has inter-alia, approved convening of the 16th Annual General Meeting of the Company for the financial year ended 31 March 2023 on Monday, 24 July 2023. Detailed disclosure in this regards is attached24-04-2023
Mahindra Logistics Ltd - 540768 - Disclosure Of Related Party Transactions - Regulation 23(9) Of The SEBI Listing Regulations
In compliance with Regulation 23(9) of the SEBI Listing Regulations, please find enclosed herewith the disclosure of Related Party Transactions for the half year ended 31 March 2023, in the format specified by the SEBI vide its circular no. SEBI/HO/CFD/CMD1/CIR/P/2021/662 dated 22 November 2021. Detailed disclosure in this regards is attached.24-04-2023
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 the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, please find enclosed herewith the Earnings Presentation inter-alia, encompassing an overview of the Company, its operations and the Annual Audited Financial Results for the quarter and financial year ended 31 March 2023.24-04-2023