Mahindra Logistics slumps 6.5% on slipping into Rs 17.41-crore net loss in Q3
In Q3FY24, the revenue rose 5.09 percent YoY to Rs 1,397.23 crore from Rs 1,3296 crore in Q3FY23.30-01-2024
30-01-2024
Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Investor Presentation
The Earnings Presentation is attached.29-01-2024
Q3FY24 Quarterly & 9MFY24 Result Announced for Mahindra Logistics Ltd.
Mahindra Logistics announced Q3FY24 & 9MFY24 results: Consolidated Q3FY24 vs Q3FY23 Revenue of Rs 1,397 crore as compared to Rs 1,330 crore. EBITDA of Rs 52 crore as compared to Rs 63 crore. PBT of Rs (9.6) crore as compared to Rs 3.5 crore. PAT loss of Rs 17.1 crore compared to a profit of Rs 1.1 crore. EPS (Diluted) of Rs (2.42) as compared to Rs 0.19 Consolidated 9MFY24 vs 9MFY23 Revenue of Rs 4,055 crore as compared to Rs 3,856 crore. EBITDA of Rs 172 crore as compared to Rs 196 crore. PBT of Rs (17.2) crore as compared to Rs 39.2 crore. PAT loss of Rs 41.2 crore compared to profit of Rs 25.7 crore. EPS (Diluted) of Rs (5.82) as compared to Rs 3.75 Standalone Q3FY24 vs Q3FY23 Revenue of Rs 1,160 crore as compared to Rs 1,140 crore. EBITDA of Rs 71 crore as compared to Rs 69 crore. PBT of Rs 18.8 crore as compared to Rs 21.7 crore PAT of Rs 12.5 crore as compared to Rs 16.8 crore. EPS (Diluted) of Rs 1.73 as compared to Rs 2.33 Standalone 9MFY24 vs 9MFY23 Revenue of Rs 3,347 crore as compared to Rs 3,404 crore. EBITDA of Rs 228 crore as compared to Rs 197 crore. PBT of Rs 75.5 crore as compared to Rs 55.7 crore PAT of Rs 54.1 crore as compared to Rs 42.1 crore. EPS (Diluted) of Rs 7.49 as compared to Rs 5.84 Commenting on the performance, Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics said, “ Q3FY24 was a period of moderate demand. Continuing growth in engineering and FMCG segments was offset by slow growth in other markets. The festive season was marked by volume growth but was offset by lower volumes due to capacity consolidation and increased shutdowns, especially in e-commerce and some Automotive OEM customers. During the quarter, the 3PL supply chain business demonstrated stable growth. The Freight forwarding business continued to demonstrate sequential growth, despite global headwinds. We continued to make progress in the B2B express business with growth in volume and enhancements in service levels. Our multi-client warehousing expansion remains on track with new expansion announcements of 1.1 Million Square Feet. We are optimistic of strong growth driven by order intake across our businesses and continued improvement of the express business and integration of the Rivigo acquisition, in coming quarters” Result PDF29-01-2024
Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to regulation 30 and other applicable provisions of SEBI Listing Regulations, please find enclosed press release on the financial results of the Company for the quarter and nine months ended 31 December 2023. Detailed disclosure is attached29-01-2024
Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Acquisition
In compliance with regulation 30(6) read with schedule III and other applicable provisions of SEBI listing Regulations, Investment Committee of the Board of Directors of the Company has approved investment in equity shares of MLL Express Services Pvt Ltd for an amount upto Rs. 50 crs. Detailed disclosure is attached.29-01-2024
Mahindra Logistics Ltd - 540768 - Board Meeting Outcome for Outcome Of Board Meeting - Unaudited Consolidated And Standalone Financial Results Of The Company For The Quarter And Nine Months Ended 31 December 2023 And Appointment Of Senior Management Personnel
Detailed disclosure is attached29-01-2024
Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Change in Management
Detailed disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the appointment of Mr. Mukund Krishnamurthy as SMP of the Company is attached.29-01-2024
Mahindra Logistics Ltd - 540768 - Unaudited Consolidated And Standalone Financial Results Of The Company For The Quarter And Nine Months Ended 31 December 2023 - Regulations 30 And 33 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Detailed disclosure is attached29-01-2024
Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Mahindra Logistics announces expansion of its Multi-client warehousing capacity to 5 Lakh sq. ft. in Nashik, Maharashtra. Detailed disclosure in this regard is attached.26-01-2024
Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
In furtherance to our letter dated 19 January 2024 on the above subject and in compliance with Regulation 30(6) read with Para A of Part A of Schedule III and other applicable provisions of the SEBI Listing Regulations, we would like to inform you that the Q3&9MFY24 Earnings Conference Call scheduled on 30 January 2024 has been preponed to 2:30 p.m. IST (it was earlier scheduled to start at 4:00 p.m. IST). There is no other change. Detailed Disclosure in this regard is attached.25-01-2024