Mahindra Logistics announced Q3FY24 & 9MFY24 results:
- Consolidated Q3FY24 vs Q3FY23
- Revenue of Rs 1,397 crore as compared to Rs 1,330 crore.
- EBITDA of Rs 52 crore as compared to Rs 63 crore.
- PBT of Rs (9.6) crore as compared to Rs 3.5 crore.
- PAT loss of Rs 17.1 crore compared to a profit of Rs 1.1 crore.
- EPS (Diluted) of Rs (2.42) as compared to Rs 0.19
- Consolidated 9MFY24 vs 9MFY23
- Revenue of Rs 4,055 crore as compared to Rs 3,856 crore.
- EBITDA of Rs 172 crore as compared to Rs 196 crore.
- PBT of Rs (17.2) crore as compared to Rs 39.2 crore.
- PAT loss of Rs 41.2 crore compared to profit of Rs 25.7 crore.
- EPS (Diluted) of Rs (5.82) as compared to Rs 3.75
- Standalone Q3FY24 vs Q3FY23
- Revenue of Rs 1,160 crore as compared to Rs 1,140 crore.
- EBITDA of Rs 71 crore as compared to Rs 69 crore.
- PBT of Rs 18.8 crore as compared to Rs 21.7 crore
- PAT of Rs 12.5 crore as compared to Rs 16.8 crore.
- EPS (Diluted) of Rs 1.73 as compared to Rs 2.33
- Standalone 9MFY24 vs 9MFY23
- Revenue of Rs 3,347 crore as compared to Rs 3,404 crore.
- EBITDA of Rs 228 crore as compared to Rs 197 crore.
- PBT of Rs 75.5 crore as compared to Rs 55.7 crore
- PAT of Rs 54.1 crore as compared to Rs 42.1 crore.
- EPS (Diluted) of Rs 7.49 as compared to Rs 5.84
Commenting on the performance, Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics said, “ Q3FY24 was a period of moderate demand. Continuing growth in engineering and FMCG segments was offset by slow growth in other markets. The festive season was marked by volume growth but was offset by lower volumes due to capacity consolidation and increased shutdowns, especially in e-commerce and some Automotive OEM customers. During the quarter, the 3PL supply chain business demonstrated stable growth. The Freight forwarding business continued to demonstrate sequential growth, despite global headwinds. We continued to make progress in the B2B express business with growth in volume and enhancements in service levels. Our multi-client warehousing expansion remains on track with new expansion announcements of 1.1 Million Square Feet. We are optimistic of strong growth driven by order intake across our businesses and continued improvement of the express business and integration of the Rivigo acquisition, in coming quarters”