Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Mahindra Logistics Q2 FY22 Revenue at Rs. 1,019 Cr, PAT Rs. 9 Cr

Posted On: 2021-10-27 20:23:42 (Time Zone: IST)

Mahindra Logistics Ltd. (MLL), one of India's large 3PL solutions providers, today announced its consolidated financial results for the quarter ended September 30, 2021.

Q2 FY22 Performance compared with Q2 FY21

  • Revenue Rs. 1,019 crores as compared to Rs. 833 crores in Q2 last year
  • EBITDA Rs. 52 crores as compared to Rs. 46 crores in Q2 last year
  • PBT Rs. 12 crores as compared to Rs. 20 crores in Q2 last year
  • PAT Rs 9 crores compared to Rs. 15 crores last year
  • EPS (Diluted) Rs. 1.36 as compared to Rs. 2.08 last year

H1 FY22 Performance compared with H1 FY21
  • Revenue Rs. 1,892 crores as compared to Rs. 1,243 crores in H1 last year
  • EBITDA Rs. 99 crores as compared to Rs. 46 crores in H1 last year
  • PBT Rs. 25 crores as compared to negative Rs. 2 crores in H1 last year
  • PAT Rs 18 crores compared to negative Rs. 2 crores in H1 last year
  • EPS (Diluted) Rs. 2.65 as compared to Rs. (-)0.12 last year

Commenting on the performance, Mr. Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics, said, "We continue to witness a strong growth in revenue, driven by growth from new wins in E-commerce, Consumer & Freight Forwarding. Despite headwinds in the Auto industry, the focus on designing and delivering customized, integrated solutions continues to be a key driver for our growth. The mobility business continues to see a recovery with focus on new segments & customers. During the quarter, demand from the auto industry remained stressed due to shortage of semi-conductors. Wave 2 of the Covid-19 pandemic has resulted in delays of new projects. Further, we continued to see a sharp increase in fuel costs. During the quarter, we added 1.3 mn sq ft of grade 'A' warehouse capacity.

MLL continues to leverage and build on its technology roadmap to offer best-in-class solutions to customers. Accordingly, we have piloted drone-based delivery of medicines in Telangana. We will continue to build new capabilities which will allow for better customer acquisition and retention.

We are optimistic of continuing growth with the upcoming festive season and aim to sustain our focus on delivering technology-enabled, integrated solutions."

Shares of Mahindra Logistics Limited was last trading in BSE at Rs. 691.80 as compared to the previous close of Rs. 668.90. The total number of shares traded during the day was 9210 in over 942 trades.

The stock hit an intraday high of Rs. 708.90 and intraday low of 672.00. The net turnover during the day was Rs. 6368423.00.

Click here to send ur comments or to

Other Headlines:

RBI imposes monetary penalty of Rs. 1 crore on SBI

Vedanta Jharsuguda wins FICCI CSR Award for its Subhalaxmi Cooperative Project

Retail chain DMart leases space at Spaze Edge

Paytm celebrates its merchant partners, hundreds get tickets to the India vs New Zealand test match

Piramal Capital & Housing Finance and API Holdings Partner to Offer Financing Solutions for India's Rapidly Evolving Healthcare Ecosystem

Tata Steel executes the inaugural blockchain enabled trade between India and Bangladesh

IndiGo resumes flights to Singapore under Vaccinated Travel Lane

Hindustan Zinc conferred with prestigious '5 Star Rated Mines' award by Ministry of Mines

BOB Financial partners with OneCard to launch mobile-first, metal credit card

Jindal Stainless organizes stainless steel fabrication workshop for inmates at Central Jail, Lucknow

JM Financial launches Bondskart, a unique digital platform for ease of investment in debt securities

Nandani Creation Limited reports strong Q2FY22 Results

Tata Steel's Noamundi Iron Mine accorded the Five Star rating for 3 consecutive years

Emerald Leasing Finance and Investment Company Ltd to change name as Emerald Finserv Ltd

Sharika Enterprises Ltd receives order from LS Cable India Pvt Ltd

ICICI Bank Ltd raises Rs. 3595 crore through bonds

Saurashtra Cement Limited and Gujarat Sidhee Cement Limited to merge

Nature's Family Tree Foods Pvt Ltd is a fully owned subsidiary of APIS India Ltd

GSS Infotech Ltd board to consider acquisition, fund raising

Welspun Corp Limited to foray into polymer business, forms subsidiary

Salasar Techno Engineering Ltd receives order worth Rs. 170 crore from RITES Ltd

Radhe Developers India Ltd board approves JV agreement, to acquire Hotel Business

Hero MotoCorp Ltd inducts Mr. Rajnish Kumar and Ms. Vasudha Dinodia to its board

Waaree Renewable Technologies Ltd receives LOA for 140 MW DC Solar Power Plant in Gujarat

Radhe Developers India Ltd board approves rights issue

Refex Industries Ltd to foray into the Power Trading Business segment

Promoters announce delisting of Universus Photo Imagings Ltd

ICRA-assigned Credit Rating for Rs. 176.00 crore bank facilities of Unichem Laboratories Limited

CRISIL upgrades long-term rating of Balrampur Chini Mills Ltd

GHCL Ltd's credit rating upgrades by Ind-Ra

ITC to acquire 16% stake in Mother Sparsh, a D2C ayurvedic and natural personal care brand

Ircon International Ltd emerges as lowest bidder projects from NHAI and Chennai Metro Rail Limited

Sanofi India Ltd updates on divestment of Soframycin® and Sofradex® businesses

Swarnsarita Gems Limited is now Swarnsarita Jewels India Limited

Aurionpro announces strategic deal in Smart Transit segment

Greenpanel Industries Ltd suspends operations at Rudrapur MDF plant

CARE A1+ rating assigned to commercial paper of Atul Limited

Shreyas Shipping and Logistics Limited takes delivery of bulk carrier

Two mines of The Ramco Cements Ltd conferred FIVE STAR award

Ramkrishna Forgings Ltd wins Domestic order worth INR 90 million in Oil & Gas segment

Indian Metals and Ferro Alloys Ltd board approves 1:1 bonus issue

KFIL announces execution of agreements to acquire a majority stake in and sole control of ISMT Limited

Vakrangee Ltd to provide complete online stock trading services across its platform

Godrej Properties buys 16-acres land parcel in Bengaluru's Sarjapur

Shivam Autotech Ltd fixes Record Date for Rights Issue of equity shares

Kirloskar Ferrous Industries Limited commences commercial production of Sinter Plant

Texmaco Rail & Engineering Limited's rights issue oversubscribed by 1.35 times

Kirloskar Ferrous Industries Ltd to acquire ISMT Ltd

Bonlon Industries Ltd acquires land and building at RIICO Industrial Area, Chopanki

Orosil launches ORO (Gold) coins under its 'Sincere' Brand

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020