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.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..