Mahindra Logistics reports standalone PAT of Rs 19 cr

25 Oct 2023 CW Team

Mahindra Logistics Ltd (MLL) has reported a substantial 73 percent year-on-year growth in its standalone Profit After Tax (PAT), reaching Rs 19 crore in the September quarter of the current fiscal year. This noteworthy financial performance compares with a standalone PAT of Rs 11 crore in the July-September period of FY23, as per a statement by MLL.

Despite this impressive profit growth, the company recorded a 5 percent decline in revenue during the quarter under review, which stood at Rs 1,136 crore, down from Rs 1,195 crore in the corresponding period of the previous year.

MLL attributes its continued success to growth and consolidation within its supply chain businesses, with certain markets mitigating challenges. The company's steadfast commitment to enhancing profit margins has led to earnings growth in various segments, apart from the MLL Express business.

Rampraveen Swaminathan, the Managing Director and CEO at Mahindra Logistics Ltd, expressed optimism about the logistics industry's outlook, citing a favorable landscape driven by sustained focus on infrastructure development, manufacturing, consumption growth, and positive regulatory advancements.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..