Latest news with #MahindraLogistics
Economic Times
24-04-2025
- Business
- Economic Times
I-Sec upgrades Mahindra Logistics to Add; lowers target price to Rs 350
ICICI Securities has upgraded Mahindra Logistics to 'ADD' with a revised target price of Rs 350, down from Rs 360. The upgrade is driven by improved EBITDA performance, particularly with reduced losses at Rivigo and better contract logistics earnings. However, achieving break-even for Rivigo by Q2FY26 may be challenging due to industry pressures and competition. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads (Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.) CICI Securities has upgraded the Mahindra Logistics stock to ADD, from Hold. Their revised target price works out to Rs 350/share (Rs 360/share earlier). The current market price of Mahindra Logistics is Rs 316.25. Mahindra Logistics, incorporated in 2007, is a Mid Cap company with a market cap of Rs 2299.91 crore, operating in Logistics Logistics' key products/revenue segments include Services Rendered for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 1571.68 crore, down -1.80 % from last quarter Total Income of Rs 1600.45 crore and up 8.12% from last year same quarter Total Income of Rs 1453.64 crore. The company has reported net profit after tax of Rs -5.31 crore in the latest company's top management includes Shah, Swaminathan, Raju, Sinha, Mungale, Davda, Pandole, Hariani, Vohra. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 7 Crore shares Logistics' EBITDA has improved from its low of 3.7% in Q3FY24 to 5% in Q4FY25. The improvement is mainly on account of paring losses at Rivigo and improved performance across other verticals. Rivigo has incurred an EBITDA loss of Rs 511 million for FY25 (Rs 803 million loss in FY24); management remains optimistic and expects EBITDA to break even by Q2FY26. Further, the earnings of contract logistics are also expected to improve on the back of better utilisation of white spaces and cost normalisation. ICICI Securities believes that achieving break even in Q2FY26 could be difficult for the company, as the industry is going through a tight phase; also, Mahindra Logistics faces heightened competitive intensity and pricing pressure. Taking into account the FY25 numbers and with the expectation of improvement ahead, the brokerage increased its EBITDA estimates by 5.6% in FY26 and 1% in FY27, while cutting PAT estimates taking into account higher depreciation and interest costs. ICICI Securities has upgraded the stock to ADD, from Hold. Their revised target price works out to Rs 350/share (Rs 360/share earlier), based on the revised valuation methodology of EV/EBITDA (earlier PE multiple); they value the stock at 7x FY27E EV/ held 57.97 per cent stake in the company as of 31-Mar-2025, while FIIs owned 5.22 per cent, DIIs 13.85 per cent.
Time of India
24-04-2025
- Business
- Time of India
I-Sec upgrades Mahindra Logistics to Add; lowers target price to Rs 350
CICI Securities has upgraded the Mahindra Logistics stock to ADD, from Hold. Their revised target price works out to Rs 350/share (Rs 360/share earlier). The current market price of Mahindra Logistics is Rs 316.25. Mahindra Logistics, incorporated in 2007, is a Mid Cap company with a market cap of Rs 2299.91 crore, operating in Logistics sector. Mahindra Logistics' key products/revenue segments include Services Rendered for the year ending 31-Mar-2024. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Discover how to go from draft to done in a few clicks—not a few hours. Grammarly Install Now Undo Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 1571.68 crore, down -1.80 % from last quarter Total Income of Rs 1600.45 crore and up 8.12% from last year same quarter Total Income of Rs 1453.64 crore. The company has reported net profit after tax of Rs -5.31 crore in the latest quarter. The company's top management includes Shah, Swaminathan, Raju, Sinha, Mungale, Davda, Pandole, Hariani, Vohra. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 7 Crore shares outstanding. Live Events Investment Rationale Mahindra Logistics' EBITDA has improved from its low of 3.7% in Q3FY24 to 5% in Q4FY25. The improvement is mainly on account of paring losses at Rivigo and improved performance across other verticals. Rivigo has incurred an EBITDA loss of Rs 511 million for FY25 (Rs 803 million loss in FY24); management remains optimistic and expects EBITDA to break even by Q2FY26. Further, the earnings of contract logistics are also expected to improve on the back of better utilisation of white spaces and cost normalisation. ICICI Securities believes that achieving break even in Q2FY26 could be difficult for the company, as the industry is going through a tight phase; also, Mahindra Logistics faces heightened competitive intensity and pricing pressure. Taking into account the FY25 numbers and with the expectation of improvement ahead, the brokerage increased its EBITDA estimates by 5.6% in FY26 and 1% in FY27, while cutting PAT estimates taking into account higher depreciation and interest costs. ICICI Securities has upgraded the stock to ADD, from Hold. Their revised target price works out to Rs 350/share (Rs 360/share earlier), based on the revised valuation methodology of EV/EBITDA (earlier PE multiple); they value the stock at 7x FY27E EV/EBITDA. Promoter/FII Holdings Promoters held 57.97 per cent stake in the company as of 31-Mar-2025, while FIIs owned 5.22 per cent, DIIs 13.85 per cent.
Business Standard
22-04-2025
- Business
- Business Standard
Mahindra Logistics climbs as Q4 net loss narrows to Rs 7 cr
Mahindra Logistics jumped 3.45% to Rs 318.25 after the company's consolidated net loss narrowed to Rs 6.75 crore in Q4 FY25 as compared with net loss of Rs 12.85 crore in Q4 FY24. Revenue from operations jumped 8.19% YoY to Rs 1,569.51 crore in Q4 FY25. The firm reported pre-tax profit of Rs 0.95 crore in Q4 FY25 as against pre-tax loss of Rs 9.22 crore posted in corresponding quarter last year. EBITDA stood at Rs 78 crore in Q4 FY25, registering the growth of 36.84% as compared with Rs 57 crore posted in Q4 FY24. Total expenses increased 7.38% to Rs 1,570.75 crore in Q4 FY25 as compared with Rs 1,462.86 crore in Q4 FY24. Operating expenses was at Rs 1,358.76 crore (up 9.62% YoY), employee benefit expenses stood at Rs 95.63 crore (up 1.97% YoY) and finance cost was at Rs 20.55 crore (up 17.9% YoY) during the period under review. On financial year basis, the company reported consolidated net loss of Rs 35.85 crore in FY25 as compared with net loss of Rs 54.74 crore in FY24. Revenue from operations jumped 10.88% YoY to Rs 6,104.83 crore in FY25, driven by strong performance in 3PL, Last Mile Delivery (LMD), and Cross Border services. Rampraveen Swaminathan, managing director and CEO of Mahindra Logistics, said, During the quarter, we saw positive trend of revenue growth, with YoY growth of 8% driven by growth in 3PL contract logistics and Express. For the full year, revenue grew by 11% driven by account additions, new offerings and new launches. The B2B express business demonstrated volume recovery in the quarter, combined with cost management. Cross-border continues to see volatility in pricing. We are on track with new warehousing additions in Maharashtra, West Bengal, Guwahati & Tripura. We remain focused on expanding margins through share of solutions, cost management, and turnaround of the express business. Meanwhile, the companys managing director (MD) and chief executive officer (CEO), Rampraveen Swaminathan has resigned with effect from 4 May 2025 and he has decided to move on to pursue other professional interests and his last day of employment at the company would be 20 July 2025. Further, the companys board approved the appointment of Hemant Sikka as managing director (MD) and chief executive officer (CEO) for a period of five years with effect from 5 May 2025 to 4 May 2030 (both days exclusive), subject to approval of the shareholders of the Company at the ensuing 18th AGM of the company. Furthermore, the companys board has recommended a final dividend of Rs 2.50 per equity share for FY25, subject to the members approval at the ensuing 18th Annual General Meeting (AGM) of the company. If approved and declared at the ensuing AGM, will be paid/dispatched by the company in permitted modes after Tuesday, 22 July 2025. The company has fixed record date as Friday, 11 July 2025. Mahindra Logistics (MLL) is an integrated third-party logistics (3PL) service provider, specializing in supply chain management and enterprise mobility.
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Business Standard
22-04-2025
- Business
- Business Standard
Mahindra Logistics jumps 6% after Q4 results, ICICI upgrades to 'Add'
Mahindra Logistics share price today: Shares of logistics and mobility solutions company Mahindra Logistics surged over 6 per cent to hit an intraday high of ₹328.45 on Tuesday after the company reported March 2025 quarter (Q4 FY25) earnings in line with market expectations. The stock was trading higher for the sixth consecutive session and has surged 23 per cent during this period. At 01:56 AM, the stock was quoting at ₹320.40, up 4.21 per cent from Monday's closing price of ₹307.45. In comparison, the benchmark NSE Nifty50 was trading at 24,177.90, up 52.35 points or 0.22 per cent. Mahindra Logistics Q4FY25 result update Mahindra Logistics reported a decline in net loss to ₹6.75 crore in Q4FY25 as against ₹12.85 crore in the year-ago period. The company's revenue in the quarter under review stood at ₹1,570 crore, up 8.2 per cent from ₹1,451 crore in the corresponding quarter of last fiscal. The company reported Ebitda (Earnings before interest, tax, depreciation and amortisation) at ₹78 crore in Q4FY25, up 36.8 per cent from ₹57 crore in Q4FY24. Brokerage Views on Mahindra Logistics: Motilal Oswal Financial Services (MOFSL) According to analysts at MOFSL, Mahindra Logistics' express business continues to struggle due to lower volumes across the industry and high competition. The company is aiming to add customers and volumes, which should help reduce losses. Given the current demand scenario, the brokerage believes the journey toward profitability would be gradual in the express business. The performance of this business would remain a key monitorable going forward. 'We largely retain our Ebitda estimates for FY26 and FY27. We estimate a CAGR of 24 per cent in revenue and 37 per cent in Ebitda over FY25-27. We reiterate our Neutral rating with a revised TP of ₹300 (premised on 11x FY27E EPS). ICICI Securities on Mahindra Logistics According to the brokerage firm, the company has seen improvement only on account of narrowing losses at Rivigo and improved performance across other verticals. Rivigo has posted an Ebitda loss of ₹51.1 crore for FY25 down from ₹80.3 crore in FY24. While the management remains optimistic and expects Ebitda to break even by Q2FY26, the earnings of contracts are also expected to improve driven by better utilisation of white spaces and cost normalisation. 'We upgrade the stock to 'Add', from 'Hold'. Our revised target price works out to ₹350 per share, from ₹360 per share earlier, based on the revised valuation methodology of EV/Ebitda (earlier PE multiple); we value the stock at 7x FY27E EV/Ebitda. About Mahindra Logistics Mahindra Logistics is an integrated supply chain and mobility solutions provider offering tech-enabled logistics solutions for complex requirements across diverse industries including automobile and auto components, engineering, consumer goods, pharmaceuticals, e-commerce and D2C, telecom and more. It is a part of Mahindra Group.
Time of India
22-04-2025
- Business
- Time of India
India's Mahindra Logistics posts narrower fourth-quarter loss
India's Mahindra Logistics reported a smaller quarterly loss on Monday, helped by growth in its key contract logistics division and a narrower loss in its express commerce segment. It reported a consolidated net loss of 67.5 million rupees ($793,045) for the January-March period - its ninth consecutive quarterly loss - compared to a loss of 128.5 million rupees a year earlier. Total expenses rose 7.4% to 15.71 billion rupees. Its revenue from operations rose 8% to 15.70 billion rupees. For further earnings highlights, click KEY CONTEXT Mahindra Logistics, which has grappled with losses from the 2022 acquisition of express commerce firm Rivigo, said its core losses in the segment narrowed to 116 million rupees for the fourth quarter from 149 million rupees a year earlier. Revenue from its mainstay contract logistics business, meanwhile, rose 9% year-on-year. India's $342 billion logistics sector remains highly competitive, with firms such as Blue Dart and Delhivery ramping up spending to attract clients and fend off pressure from the in-house logistics divisions of e-commerce giants like Amazon and Walmart-backed Flipkart. PEER COMPARISON Valuation (next 12 Estimates (next 12 Analysts' sentiment months) months) RIC PE EV/EBITDA Revenue Profit Mean No. of Stock to Div growth (%) growth (%) rating* analyst price yield s target** (%) Mahindra Logistics 37.69 6.42 15.13 - Sell 10 0.86 0.84 Blue Dart Express 36.55 15.84 11.97 48.29 Buy 6 0.85 0.39 VRL Logistics 22.11 8.59 10.05 21.80 Strong 9 0.74 1.03 Buy Delhivery 64.78 28.99 15.48 151.59 Strong 20 0.70 - Buy * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY-MARCH STOCK PERFORMANCE -- All data from LSEG -- $1 = 85.1150 Indian rupees
