Hold Mahindra Logistics; target of Rs 500: ICICI Direct
ICICI Direct recommended hold rating on Mahindra Logistics with a target price of Rs 500 in its research report dated February 04, 2023.07-02-2023
07-02-2023
Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
In compliance with Regulation 30(6) read with Schedule III and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 , we hereby inform you that the Company will be participating in Investor Conference of Nuvama Institutional Equities scheduled on Wednesday, 8 February 2023. Detailed Disclosure in this regard is attached.06-02-2023
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, the Company has on Thursday, 2 February 2023, concluded its earnings conference call with several Analysts/ Institutional Investors/Funds on the Financial Results of the Company for the quarter and nine months ended 31 December 2022. Mr. Rampraveen Swaminathan, Managing Director & CEO and Mr. Yogesh Patel, Chief Financial Officer 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. Outcome and audio recording of the said call along with detailed disclosure in this regard is attached.02-02-2023
Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Newspaper Publication
In compliance with Regulation 47 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed extracts of the newspaper publication, in prescribed format, of the Unaudited Consolidated Financial Results for the quarter and nine months ended 31 December 2022 (subjected to limited review), approved by the Board of Directors of Mahindra Logistics Limited at their Meeting held on Wednesday, 1 February 2023 and published today i.e. on Thursday, 2 February 2023 in Mumbai Edition of the newspapers viz. Business Standard (English) and Sakal (Marathi) (print and electronic version). Detailed disclosure in this regard is attached.02-02-2023
Q3FY23 Quarterly Result Announced for Mahindra Logistics Ltd.
Mahindra Logistics announced Q3FY23 results: Q3FY23 vs Q3FY22: Revenue Rs 1,330 crore as compared to Rs 1,136 crore EBITDA Rs 68 crore as compared to Rs 48 crore PBT Rs 4 crore as compared to Rs 3 crore PAT Rs 1 crore as compared to Rs 1 crore EPS (Diluted) Rs 0.19 as compared to Rs 0.25 9MFY23 vs 9MFY22: Revenue Rs 3,856 crore as compared to Rs 3,052 crore EBITDA Rs 208 crore as compared to Rs 140 crore PBT Rs 39 crore as compared to Rs 17 crore PAT Rs 26 crore compared to Rs 9 crore EPS (Diluted) Rs 3.75 as compared to Rs 1.41 Commenting on the performance, Mr. Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics Ltd. said, “In Q3F23, we consolidated our performance across integrated logistics portfolio. Revenue grew by 17% with a 42% YoY increase in EBITDA. Growth was driven for services and solutions by the Automotive & manufacturing segments continued their growth trajectory, while the consumer and e-commerce businesses did witness a softer demand environment. Freight Forwarding faced significant headwinds with rates dropping significantly in the near past. Our 3PL business continues to have traction in margin improvement and cost optimisation and we continued our focus on the cost of delivery and overhead optimisations which has led to improved Gross Margins and profitability matrices We are excited about the acquisition of Rivigo’s B2B express business, which was closed in November 2022. The acquisition is making positive progress on customer value creation and cost optimization. The acquisition further enhances our technology portfolio for integrated logistics.” Result PDF02-02-2023
Mahindra Logistics Q3 PAT remains flat at Rs 1 crore
The company's Profit After Tax (PAT) was Rs 12 crore without the impact of its Rivigo acquisition, according to a statement.01-02-2023
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 Financial Results of the Company for the quarter and nine months ended 31 December 2022, subjected to Limited Review. Detailed disclosure in this regards is attached.01-02-2023
Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed press release on the Financial Results of Mahindra Logistics Limited for the quarter and nine months ended 31 December 2022, subjected to Limited Review. Detailed disclosure is attached.01-02-2023
Mahindra Logistics Ltd - 540768 - Board Meeting Outcome for Unaudited Consolidated And Standalone Financial Results Of The Company For The Quarter And Nine Months Ended 31 December 2022
In compliance with Regulation 30 read with para A(4)(h) of Part A of Schedule III, Regulation 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of Mahindra Logistics Limited ('the Company'), at their Meeting held today viz. Wednesday, 1 February 2023, has inter-alia, approved the Unaudited Consolidated and Standalone Financial Results for the quarter and nine months ended 31 December 2022, subjected to Limited Review of the Statutory Auditor of the Company. Detailed disclosure in this regard is attached.01-02-2023
Mahindra Logistics Ltd - 540768 - Unaudited Consolidated And Standalone Financial Results Of The Company For The Quarter And Nine Months Ended 31 December 2022
In compliance with Regulation 30 read with para A(4)(h) of Part A of Schedule III, Regulation 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of Mahindra Logistics Limited ('the Company'), at their Meeting held today viz. Wednesday, 1 February 2023, has inter-alia, approved the Unaudited Consolidated and Standalone Financial Results for the quarter and nine months ended 31 December 2022, subjected to Limited Review of the Statutory Auditor of the Company. Detailed disclosure in this regard is attached.01-02-2023