Mahindra Logistics’ shares dropped nearly 2% after the company reported a narrowing of its net loss to ₹9.6 crore in Q2 FY25, down from ₹15.5 crore in the same period last year. Revenue for the quarter grew by 11.4% to ₹1,521 crore, with EBITDA showing an impressive 23.7% increase to ₹66.7 crore. Despite these improvements, rising operating expenses and finance costs contributed to cautious investor sentiment.
Key Financial Highlights (Q2 FY25 vs. Q2 FY24):
- Net Loss: ₹10.75 crore, down from ₹15.93 crore in Q2 FY24.
- Revenue: ₹1,521 crore, up 11.4% YoY.
- Operating Expenses: ₹1,306.85 crore, up from ₹1,164.41 crore in the same quarter last year.
- Finance Costs: ₹19.12 crore, up from ₹16.53 crore in Q2 FY24.
- Depreciation: ₹53.96 crore, up from ₹51.79 crore in Q2 FY24.
As of 9:25 am, the shares were trading 1.49% lower at ₹484.10 on NSE, reflecting investor concerns despite improved financials.
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