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Mahindra Logistics Ltd. Q2FY25 Revenue up by 11.5% YoY at Rs. 1,521 crores

team 22 October 2024

Mumbai, 22nd October,2024: Mahindra Logistics Ltd. (MLL), one of India’s integrated logistics & mobility solutions providers, today announced its unaudited consolidated financial results for the quarter and half year ended 30th September, 2024.

mahindra

Q2 FY25 (Consolidated) performance compared with Q2 FY24

Revenue Rs. 1,521 crores as compared to Rs. 1,365 crores.
EBITDA Rs.66 crores as compared to Rs.54 crores.
PBT Rs. (5.0) crores as compared to Rs. (8.2) crores.
PAT loss Rs. 10.7 crores compared to Rs. 15.9 crores.
EPS (Diluted) Rs. (1.50) as compared to Rs. (2.21)

H1 FY25 (Consolidated) performance compared with H1 FY24

Revenue Rs.2,941 crores as compared to Rs.2,658 crores.
EBITDA Rs.133 crores as compared to Rs.120 crores.
PBT Rs. (7.5) crores as compared to Rs. (7.6) crores
PAT Rs. (20.1) crores as compared to Rs (24.5) crores.
EPS (Diluted) Rs. (2.79) as compared to Rs (3.40)

Q2 FY25 MLL Standalone compared with Q2 FY24

Revenue Rs.1,236 crores as compared to Rs.1,136 crores.
EBITDA Rs.69 crores as compared to Rs.74 crores.
PBT Rs.11.6 crores as compared to Rs. 25.6 crores
PAT Rs.8.5 crores as compared to Rs.18.6 crores.
EPS (Diluted) Rs. 1.18 as compared to Rs 2.58

H1 FY25 MLL Standalone compared with H1 FY24

Revenue Rs.2,393 crores as compared to Rs.2,187 crores.
EBITDA Rs.141 crores as compared to Rs.157 crores.
PBT Rs.25.3 crores as compared to Rs.56.7 crores
PAT Rs.18.8 crores as compared to Rs.41.6 crores.
EPS (Diluted) Rs. 2.60 as compared to Rs 5.76

Commenting on the performance, Mr. Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics Ltd. said,

“During the quarter, we saw strong revenue performance with year-on-year growth of 11.5%.Our 3PL contract logistics, cross border and last mile delivery segments registered strong growth driven by account additions, new offerings and a stable cross border pricing environment. During the quarter, we expanded our offerings for transportation & green logistics. We continue to expand the overall network, with new infrastructure expansions in the east to support warehousing, last mile and express segments, which should help drive future growth. With the upcoming peak in Q3, we have expanded capacity and resources in contract logistics and last mile delivery, having a seasonal impact on operating earnings in the quarter. A soft demand environment and operating conditions impacted the express business. We believeH2 will be stronger driven by the festive peak and impact of margin improvement programs across all the businesses.”