Latest news with #MahindraLogistics'
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Business Standard
4 days ago
- Business
- Business Standard
Here's why Mahindra Logistics' share is buzzing in trade today; details
Mahindra Logistics share price: Logistics solutions provider Mahindra Logistics shares were in demand on Monday, August 11, 2025, with the scrip rising as much as 3.99 per cent to an intraday high of ₹334.25 per share. Around 11:00 AM, Mahindra Logistics share price was trading 2.10 per cent higher at ₹328.15 per share. In comparison, BSE Sensex was trading 0.36 per cent higher at 80,146.45 levels. Why did Mahindra Logistics shares rise today? Mahindra Logistics' share price rose after the company launched Alyte, a premium, tech-enabled B2C mobility service aimed at digitally connected urban commuters. The offering covers airport-to-city, in-city, and outstation rides, blending comfort, advanced technology, sustainability, and elevated service standards. Alyte made its debut in Delhi-NCR, with planned expansions to Noida International Airport, Mumbai, Bengaluru, Hyderabad, and other key cities. The brand builds on Mahindra Logistics ' existing corporate mobility business, bringing all people-mobility services under one modern identity. This move strengthens its presence in the B2C space, with a focus on delivering safe, reliable, and seamless travel for both corporate and individual users. Besides, the bookings are managed through a new mobile app that offers real-time tracking, secure payments, and an intuitive interface for hassle-free travel. To cater to varied customer needs, Alyte offers two service tiers. Alyte Privé features premium electric vehicles for travellers seeking comfort and sustainability, while Alyte Select provides high-quality sedans and SUVs for everyday commuting. Hemant Sikka, managing director and CEO, Mahindra Logistics, said, 'India's mobility ecosystem stands at an inflection point – demanding new standards in safety, comfort, reliability, and service excellence. With Alyte, we are building on a trusted legacy to reimagine urban and airport mobility through a premium, techenabled platform that shapes the future of people mobility.' The launch reflects Mahindra Logistics' push into the premium urban mobility segment, a move that has buoyed investor sentiment. About Mahindra Logistics Mahindra Logistics Limited (MLL) is an integrated third-party logistics (3PL) provider specialising in supply chain management and enterprise mobility solutions. The market capitalisation of Mahindra Logistics is ₹3,254.62 crore, according to BSE. The company falls under the BSE SmallCap category.
Time of India
25-07-2025
- Business
- Time of India
Mahindra Logistics leases nearly 3 lakh sq ft industrial space in Pune
Mahindra Group's logistics and supply chain services arm Mahindra Logistics has picked up nearly 3 lakh sq ft of warehousing space at Sudhawadi, along the Talegaon-Chakan highway near Pune, through a long-term lease agreement spanning over five years. According to the lease agreement, the monthly rental is Rs 24 per sq ft, translating to a total monthly rent of Rs 71.37 lakh. The lease also includes an annual escalation of 5%, and the company has paid a security deposit of Rs 1.26 crore. The facility is expected to support Mahindra Logistics' expanding warehousing and distribution operations in western India. The company's warehouse space under management stands at 21.1 million sq ft. The lease covers a chargeable area of 297,400 sq ft, with a built-up area of 270,364 sq ft and it commenced on June 1, showed the documents accessed through realty data analytics platform Propstack. This deal adds to the growing list of long-term industrial leases being executed in the region, underlining continued demand for Grade A logistics and warehousing space from third-party logistics providers and manufacturers. Live Events ET's email queries to Mahindra Logistics remained unanswered until the time of going to press. India's warehousing and logistics sector continues to see a surge in activity, supported by rising consumption, government-led infrastructure initiatives, and evolving supply chain requirements. Long-duration leases such as this reflect the sector's growing maturity and occupiers' long-term confidence. India's warehousing and logistics sector is witnessing a surge in large-scale, long-term leasing activity, driven by robust demand from industries such as renewable energy, e-commerce, manufacturing, and third-party logistics. Developers are closing high-value deals, often with long-term tenures, signalling growing confidence in India's consumption-driven economy and supply chain infrastructure. These long-term commitments not only provide operational stability to tenants but also reflect the maturing nature of India's logistics market as it aligns with global standards.
Business Standard
17-07-2025
- Business
- Business Standard
Mahindra Logistics spurts on disclosing rights issue details
Mahindra Logistics jumped 6.77% to Rs 415.80 after the company's board approved the detailed terms of its planned rights issue. The board, in its meeting held on July 17, approved the issuance of 2.70 crore fully paid-up equity shares at a price of Rs 277 per share, aiming to raise up to Rs 749.26 crore. The issue price reflects a 33.40% discount to the current market price. Eligible shareholders will receive 3 rights shares for every 8 held as of the record date, which has been set for July 23. The entire issue price will be payable at the time of application. The Rights Entitlements (REs) will be credited to eligible shareholders demat accounts before the issue opens on July 31. Trading of REs will close on August 11 for on-market transactions, and August 13 for off-market renunciations. The issue itself will close on August 14, unless extended. If fully subscribed, the companys outstanding equity base will expand from 7.21 crore shares to 9.91 crore shares. A rights issue is a way for a company to raise capital by offering new shares to its existing shareholders at a discounted price. Mahindra Logistics is a 3PL (third-party logistics) service provider mainly engaged in transportation, warehousing, supply chain management and people logistics services. The rights issue is part of Mahindra Logistics' broader growth strategy. The funds will be used primarily for repayment and/or prepayment of borrowings by the company and its subsidiaries, as well as for general corporate purposes. This capital raise comes at a time when Indias logistics sector is undergoing a transformation, especially in Tier 2 and 3 cities, driven by infrastructure upgrades, government support, and the rapid growth of e-commerce. Mahindra Logistics is positioning itself as a key player in this space, with a network of 20.8 million sq. ft. of warehousing space, including energy-efficient facilities across India. The company plans to expand its warehousing footprint further in FY26. Its strategy revolves around four core pillars: Integrated Solutions, Expanded Offerings, Digitisation & Technology, and Operational Excellence. With a proprietary in-house tech ecosystem and an asset-right business model, Mahindra Logistics is betting big on agility, scalability, and tech-driven logistics tailored to customer needs. On a consolidated basis, Mahindra Logistics reported net loss of Rs 6.75 crore in Q4 March 2025 as against net loss of Rs 12.85 crore in Q4 March 2024. Net sales rose 8.19% YoY to Rs 1569.51 crore in Q4 March 2025.
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Business Standard
11-07-2025
- Automotive
- Business Standard
Mahindra Logistics to raise up to Rs 750 crore through rights issue
The board of directors at Mahindra Logistics, a Mahindra Group company, has approved a plan to raise up to Rs 750 crore through a rights issue. This fundraising is primarily for the repayment or prepayment, in full or part, of all or a portion of certain borrowings availed by the company and its subsidiaries, and for general corporate purposes, the company stated in a note submitted to the stock exchanges on Friday (11 July). The company will issue fully paid-up equity shares with a face value of Rs 10 per share. Mahindra Logistics' shares, listed on the Bombay Stock Exchange (BSE), closed at Rs 378.95. Its market capitalisation stands at around Rs 2,733.42 crore as of 11 July. Mahindra Logistics is an integrated third-party logistics (3PL) service provider that specialises in supply chain management and enterprise mobility. It has 20.8 million square feet (msf) of warehousing space across India. The company also has an energy-efficient, multi-client warehousing network of over 5 msf. The company serves over 400 corporate customers across various industries, including automobile, engineering, consumer goods, and e-commerce. 'With an asset-light business model backed by its strong network of business associates, the company's business model is scalable, ensuring a wider reach across the country with local expertise,' the company noted. Earlier, the company reported a consolidated revenue of Rs 6,105 crore in the financial year 2025 (FY25), compared to Rs 5,506 crore in FY24. The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) during the same period stood at Rs 284 crore, compared to Rs 229 crore.
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.
