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Transporation-Logistics company Mahindra Logistics announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
Consolidated:
- Revenue Rs 1,451 crore as compared to Rs 1,273 crore.
- EBITDA Rs 57 crore as compared to Rs 64 crore.
- PBT Rs (9.2) crore as compared to Rs (4.6) crore.
- PAT loss Rs 12.9 crore compared to Rs 0.8 crore.
- EPS (Diluted) Rs (1.78) as compared to Rs (0.11).
Standalone:
- Revenue Rs 1,183 crore as compared to Rs 1,055 crore.
- EBITDA Rs 64 crore as compared to Rs 80 crore.
- PBT Rs 10 crore as compared to Rs 25 crore.
- PAT Rs 8 crore as compared to Rs 22 crore.
- EPS (Diluted) Rs 1.09 as compared to Rs 3.10.
FY24 Financial Highlights:
Consolidated:
- Revenue Rs 5,506 crore as compared to Rs 5,128 crore.
- EBITDA Rs 229 crore as compared to Rs 260 crore.
- PBT Rs (26.4) crore as compared to Rs 34.5 crore.
- PAT loss Rs 54.7 crore compared to profit of Rs 26.3 crore.
- EPS (Diluted) Rs (7.60) as compared to Rs 3.64.
Standalone:
- Revenue Rs 4,530 crore as compared to Rs 4,459 crore.
- EBITDA Rs 292 crore as compared to Rs 276 crore.
- PBT Rs 86 crore as compared to Rs 80 crore.
- PAT Rs 62.0 crore as compared to Rs 64.6 crore.
- EPS (Diluted) Rs 8.58 as compared to Rs 8.94.
Commenting on the results, Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics Ltd. said, "The quarter gone by was marked by an increasing volume recovery and growth as we saw positive momentum across our businesses, with strong growth in 3PL and Mobility segments. Our B2B express business has started seeing the benefits of cost optimization, as we continued to improve operating margins & EBITDA. The mobility segment remains on a recovery path. Overall In FY 2023-24, excluding one-time charges, earnings across our core 3PL and other businesses were stable and improving. Completion of the 2nd tranche of investment in Zip Zap Logistics will help us further consolidate and provide an expanded range of services form last mile delivery and micro-fulfilment. We remain focused on driving the value of logistics solutions by integrating services across India, leveraging our technology, process and human capital.”
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