+
Mahindra Logistics reports standalone PAT of Rs 19 cr
WAREHOUSING & LOGISTICS

Mahindra Logistics reports standalone PAT of Rs 19 cr

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code