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HomePosts Tagged "Mahindra logistics"
Agribusiness, Company News, Finance, India, Logistics, Supply Chain

Company posted revenue of Rs.2,941 crores H1 FY25 as compared to Rs.2,658 crores in H1 FY24.

Mahindra Logistics Ltd. (MLL), one of India’s integrated logistics & mobility solutions providers, announced its unaudited consolidated financial results for the quarter and half year ended 30th September, 2024. In Q2 FY25 company’s revenue stood at Rs 1,521 crores as compared to Rs. 1,365 crores in Q2FY24. EBITDA is at Rs 66 crores as compared to Rs 54 crores same period in previous year. Company reported Profit Before Tax Rs 5.0 crore as compared to Rs. (8.2) crores previous year. Company’s Profit After Tax loss stood at Rs 10.7 crores compared to Rs. 15.9 crores in Q2 FY24.

Company posted revenue of Rs.2,941 crores H1 FY25 as compared to Rs.2,658 crores in H1 FY24. Company’s EBITDA stood at Rs133 crores as compared to Rs.120 crores previous year. Company reported Profit Before Tax Rs 7.5 crores H1 FY25 as compared to Rs. (7.6) crores in H1FY24. Profit After Tax stood at Rs 20.1 crores as compared to Rs (24.5) crores previous year.

 Company’s overall Revenues during Q2 FY25 demonstrated a strong growth of 11.5 per cent on YOY across businesses. Continued the focus on expanding capacity and making investments in the Eastern and North Eastern region, focussing on warehouses, delivery stations and express logistics.

The revenues for Freight forwarding the business grew by 65 per cent on YoY basis on the back of improved pricing in Ocean freight. The losses for the Express business were reduced by 32 per cent on YoY basis, driven by continuous cost optimization. The EBITDA losses were also reduced by 10 per cent on QoQ basis.

Commenting on the performance, 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 per cent. 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 believe H2 will be stronger driven by the festive peak and impact of margin improvement programs across all the businesses.”

Company posted revenue of Rs.2,941 crores H1

Logistics, Sustainability

Mahindra Logistics received validation from Science Based Targets Initiative (SBTi) to reduce carbon emissions

Mahindra Logistics Ltd. (MLL), one of India’s largest Integrated Logistics service providers, announced that Science Based Targets Initiative (SBTi) has validated its target to reduce carbon emissions and the company remains on course to meet its long-term sustainability goals. This achievement of Carbon Reduction Targets has been set in line with the level of reduction needed to limit global warming to 1.5°C, as per the Paris Agreement. This is an important milestone towards the company’s ambitious aim of being carbon neutral by 2040. Mahindra Logistics is incidentally the few companies in the logistics sector to get this validation from SBTi and is working towards achieving its sustainable goal by 2040.

MLL had signed an agreement with SBTi last year and has managed to accomplish the set standards targeted in the first year. By joining the initiative in 2021, MLL signalled its intention to align its targets to the most ambitious aim of the Paris Agreement: To limit global temperature rise to 1.5°C above preindustrial levels and reach net-zero by 2050 for the best chance of avoiding the worst impacts of climate change.

Commenting on the same, Rampraveen Swaminathan, MD and CEO, Mahindra Logistics said, “Mahindra Logistics is deeply committed to sustainability, in line with our RISE philosophy. Joining SBTi is part of our focus on creating a transparent journey towards carbon neutrality, which can be aligned with clear programmes and initiatives. This milestone is a validation of our commitment and plan to become a carbon neutral by 2040.”

Mahindra Logistics has undertaken several sustainable initiatives, focused on carbon neutrality, circularity and resource conservation. As part of the same, a robust electric ecosystem is developed for its supply chain and enterprise mobility businesses. The company has also been driving adoption of CNG based cargo and mobility vehicles across partner fleets. Additionally, MLL is investing in circularity, energy efficiency and renewable energy and is establishing new facilities which comply with IGBC/LDEED certification standards and aims to have over 1 MW of solar power in its warehouses by the end of FY2022-23.

Mahindra Logistics received validation from Science Based

Company News, Finance

The company also reported PBT of Rs 7 crores as compared to Rs 25 crores in Q3 last year

Mahindra Logistics Limited (MLL), one of India’s large 3PL solutions providers, has announced its consolidated financial results for the quarter ended on December 31, 2021 with revenue at Rs 1118 crore as compared to Rs 1047 crore in Q3 last year and EBITDA at Rs 50 crore against Rs 55 crore last year.

The company also reported PBT Rs 7 crores as compared to Rs 25 crores in Q3 last year and PAT Rs 5 crores compared to Rs 18 crores last year. For the nine months in FY22 revenue was Rs 3010 crore as compared to Rs 2290 crore last year and EBITDA at Rs 149 crore against Rs 101 crore.

Further the company reported that the revenue from warehousing services and solutions in the quarter grew 35 per cent over the same period last year underlining the focus on solutions-led approach to customer’s requirements.

Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics, said, “The quarter gone by was a challenging one. Demand from the auto sector continued to be impacted due to semi-conductor supplies; and the festive season too saw moderate growth. We continued to deliver strong revenue performance, especially across Consumer, Pharma and International freight forwarding. Our margins saw pressure due to seasonal manpower costs, lower than expected demand and start-up costs for new projects. The focus continues to be on optimising operating costs. We remain focused on delivering technology driven, integrated solutions for enterprise customers.”

The company also reported PBT of Rs