Mahindra Logistics reported a narrowing of its net loss to ₹9.6 crore from ₹15.5 crore in the same period last year. Revenue grew by 11.4% to ₹1,521 crore, with EBITDA increasing by 23.7% to ₹66.7 crore.
Key Financial Highlights (Q2 FY25 vs. Q2 FY24):
- Net Profit: The company posted a net loss of ₹10.75 crore compared to a loss of ₹15.93 crore in Q2 FY24, showing improvement in narrowing losses.
- Operating Expenses: Operating expenses increased to ₹1,306.85 crore from ₹1,164.41 crore in Q2 FY24 due to higher operational activity.
- Employee Benefits Expense: The company reported an employee expense of ₹104.74 crore, a slight increase from ₹103.97 crore in the previous year’s quarter.
- Finance Costs: Finance costs rose to ₹19.12 crore, up from ₹16.53 crore in Q2 FY24.
- Depreciation and Amortization: Depreciation expenses increased to ₹53.96 crore, compared to ₹51.79 crore in the same period last year.
- Other Expenses: MLL’s other expenses for the quarter amounted to ₹43.13 crore, marginally up from ₹42.81 crore in Q2 FY24.
The company’s 3PL contract logistics, cross-border, and last-mile delivery segments delivered strong growth, while the express business was impacted by soft demand. The company anticipates a stronger second half of the year driven by festive demand and improved margins.
Mahindra Logistics Q2 FY25 Results: Revenue rises 11.4% YoY to Rs 1,521 crore, net loss narrows
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