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Mahindra Logistics Ltd share Price Today

Company details

6M Return 5.35%
1Y Return -22.96%
Mkt Cap.(Cr) 2,747.09
Volume 2,888,155
Div Yield 0.65%
OI Chg %
Volume 2,888,155

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Mahindra Logistics announced Q2FY24 & H1FY24 results:

Financial Performance:
- Revenue for Q2 FY24 stood at Rs. 1,136 crores, compared to Rs. 1,195 crores in Q2 FY23.
- EBITDA for Q2 FY24 was Rs. 74 crores, compared to Rs. 64 crores in Q2 FY23.
- Profit before tax (PBT) for Q2 FY24 was Rs. 26 crores, compared to Rs. 15 crores in Q2 FY23.
- Profit after tax (PAT) for Q2 FY24 was Rs. 19 crores, compared to Rs. 11 crores in Q2 FY23.

Revenue Growth:
- Revenue for H1 FY24 increased to Rs. 2,187 crores, compared to Rs. 2,264 crores in H1 FY23.
- EBITDA for H1 FY24 was Rs. 157 crores, compared to Rs. 128 crores in H1 FY23.
- PAT for H1 FY24 was Rs. 42 crores, compared to Rs. 25 crores in H1 FY23.

Business Segments:
- 3PL Supply Chain services grew 4% YoY, driven by growth in automotive, engineering, consumer, and durables sectors.
- The Global Freight Forwarding industry experienced lower-than-expected performance due to softness in freight prices and global uncertainty.
- MLL Express business saw a 4% increase in volumes, with customer additions driving momentum.
- The Mobility business showed growth in existing customers and acquisition of new clients, resulting in positive PAT.

Margin Improvement and Cost Reduction:
- The company focused on margin improvement, which resulted in earnings growth across all businesses except MLL Express.
- The MLL Express business faced challenges with lower volumes and higher transport costs, impacting the improvement plan.
- Cost reduction and product mix improvements in 3PL, Last Mile Delivery, and Mobility businesses contributed to margin improvements.

Network Expansion and Service Enhancements:
- Warehouse space under management in the 3PL business reached 19 million sq. ft.
- Expansion projects in Chakan, Kolkata, Nasik, and Guwahati are on track.
- A new multi-client warehouse was launched in Bhiwandi, Mumbai to manage fulfilment and distribution for automotive, e-commerce, and FMCG industries.

Mr. Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics Ltd., commented, "The overall logistics industry is well poised driven by long-term focus on infrastructure, manufacturing, consumption growth, and positive regulatory trajectory. Overall new order intake remained robust across our business segments...With the upcoming festive season, we hope to see a positive demand uptick and we remain focused on accelerating margins driven by synergies in the network business and other cost reduction programs."



Result PDF

View Other Company Results


Investment recommendation
Call Date
18 Feb 2022
Entry Price 430.00
Target Price 560.00
12 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Mahindra Logistics Ltd Stocks COMPARISION


Equity Capital: 561.61 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,382.05 35,983.55
LAST 3M 58,542.74 18,995.44
LAST 6M 99,640.08 90,958.37
LAST 12M 166,983.77 138,194.89

Mahindra Logistics Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
Registered Address

Mahindra Towers, P K Kurne Chowk Worli, Mumbai, Maharashtra, 400018

Tel : 91-22-24901441
Email : cs.mll:mahindra.com
Website : http://www.mahindralogistics.com

Link Intime India Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540768
Book Closure Date (Month) :
BSE Group : A
ISIN : INE766P01016

FAQ’s on Mahindra Logistics Ltd Shares

You can buy Mahindra Logistics Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Mahindra Logistics Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 08, 2023 04:05 PM the closing price of Mahindra Logistics Ltd was ₹ 381.35.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 08, 2023 04:05 PM, the market cap of Mahindra Logistics Ltd stood at ₹ 2,747.09.

The latest PE ratio of Mahindra Logistics Ltd as of Dec 08, 2023 04:05 PM is 0

The latest PB ratio of Mahindra Logistics Ltd as of Dec 08, 2023 04:05 PM is 0.19

The 52-week high of Mahindra Logistics Ltd is ₹ 509.00 while the 52-week low is ₹ 348.05

According to analyst recommendations, Mahindra Logistics Ltd has a “Buy” rating for the long term.

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