Mahindra Logistics Q4 loss widens to Rs 120.85 mn amid slow volume

26 Apr 2024 CW Team

Mahindra Logistics announced that it had experienced a fifth consecutive quarterly loss, attributing it to the sluggish growth in volume within its core business of supply chain management.

The consolidated net loss for the logistics division of the Mahindra Group was reported to be Rs 120.85 billion for the quarter ending on March 31.

Logistics firms were anticipating a subdued fourth quarter due to a slowdown in activity preceding the general elections in India.

The decline in demand within crucial manufacturing sectors such as automotive and industrial goods was stated to have a direct impact on third-party logistics providers.

Mahindra Logistics, which derives over 90% of its revenue from supply chain management, revealed that 80% of this revenue was derived from the automotive segment.

Despite a 2% decrease in diesel prices and a 7% decrease in aviation turbine fuel (ATF) prices year-on-year in the fourth quarter, it was noted that this reduction did not offset the effects of the subdued volumes.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..