Latest news with #MahindraLogisticsLimited
Hans India
21-07-2025
- Business
- Hans India
Mahindra Logistics' Q1 loss widens to Rs 9.44 crore
Mumbai: Mahindra Logistics on Monday reported a wider net loss of Rs 9.44 crore on sequential basis in the first quarter (Q1) of FY26, compared to a loss of Rs 5.29 crore in the previous quarter (Q4 FY25). However, the Mumbai-based company's revenue from operations rose to Rs 1,624.59 crore in Q1, up 3.54 per cent from Rs 1,569.51 crore in the previous quarter, according to its stock exchange filing. Its total income also saw a growth of 3.69 per cent on quarter-on-quarter (QoQ) basis, reaching Rs 1,629.66 crore compared to Rs 1,571.68 crore in Q4 FY25. However, total expenses during the quarter grew at a faster pace -- rising by 4.12 per cent to Rs 1,635.44 crore from Rs 1,570.75 crore in the previous quarter, the company stated in its regulatory filing. The increase in expenses was mainly due to higher operating costs and employee benefits. Operating expenses stood at Rs 1,407.4 crore, employee costs were Rs 104.48 crore, while finance cost and depreciation amounted to Rs 22.53 crore and Rs 64.57 crore respectively. Other expenses came in at Rs 36.46 crore. Mahindra Logistics Limited (MLL) is one of India's third-party logistics (3PL) companies. It is part of the Mahindra Group, operating under Mahindra Partners, the group's private equity arm. It provides supply chain and enterprise mobility solutions to over 400 corporate clients across sectors such as automotive, engineering, consumer goods, and e-commerce. The company follows an 'asset-light' model, focusing on customised and technology-driven logistics solutions rather than owning a large fleet. It also offers employee transportation services under brands like Alyte and Meru, and has a freight forwarding division that manages air, ocean, and project cargo logistics. MLL continues to focus on sustainability and operates globally through subsidiaries and partnerships in countries like the UAE and the UK.
Business Upturn
21-04-2025
- Automotive
- Business Upturn
Mahindra Logistics gets new CEO as Mahindra Group reshuffles top leadership roles
Mahindra & Mahindra Limited has announced a major leadership transition with Hemant Sikka, currently President of Mahindra's Farm Equipment Sector (FES), set to take over as Managing Director & CEO of Mahindra Logistics Limited (MLL). His appointment will take effect after his resignation from the current role on May 4, 2025. The announcement was part of a broader internal reshuffle by Mahindra Group to capitalize on existing talent and sharpen operational efficiency across divisions. The company stated that Hemant Sikka brings a strong blend of strategic insight, operational discipline, and people-centric leadership to Mahindra Logistics. The outgoing MLL CEO, Ram Swaminathan, will step down to pursue other professional interests. In a press statement, Mahindra Group CEO Dr. Anish Shah said, 'These leadership changes ensure that we have strong, proven leaders at the helm of our key businesses. Their experience will enable us to drive significant growth and create greater value for our customers and shareholders.' Meanwhile, Veejay Nakra, currently President of the Automotive Division, will be appointed as the new President of the Farm Equipment Business (FEB), while R Velusamy, head of Automotive Technology, will take over as President of the Automotive Business, consolidating the SUV and LCV segments under one umbrella. In another news, Mahindra Logistics Limited (MLL) reported its consolidated financial results for Q4 FY25 on April 21, 2025, showing moderate growth in revenue and improvement in operational metrics despite a continued bottom-line loss. The company posted a revenue of ₹1,570 crore in Q4 FY25, up from ₹1,451 crore in Q4 FY24, reflecting an 8.2% year-on-year growth. EBITDA for the quarter improved to ₹78 crore from ₹57 crore, a 36.8% increase, pushing the EBITDA margin to 4.97% from 3.93% in the year-ago period. The company reported a Profit Before Tax (PBT) of ₹0.95 crore, a turnaround from a loss of ₹9.22 crore in Q4 FY24. Net loss (PAT) for the quarter stood at ₹6.75 crore, a significant improvement from a loss of ₹12.85 crore in the corresponding period last year. EPS (diluted) came in at ₹(0.93), narrowing from ₹(1.78) in Q4 FY24. Mahindra Logistics Q4 FY25 Results: Revenue up 8.20% to Rs 1,570 crore, loss narrows to Rs 6.75 crore This move reaffirms Mahindra Group's internal succession planning approach and highlights its commitment to operational agility and future-ready leadership across its high-growth verticals. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Business Upturn
21-04-2025
- Business
- Business Upturn
Mahindra Logistics Q4 FY25 Results: Revenue up 8.20% to Rs 1,570 crore, loss narrows to Rs 6.75 crore
Mahindra Logistics Limited (MLL) reported its consolidated financial results for Q4 FY25 on April 21, 2025, showing moderate growth in revenue and improvement in operational metrics despite a continued bottom-line loss. The company posted a revenue of ₹1,570 crore in Q4 FY25, up from ₹1,451 crore in Q4 FY24, reflecting an 8.2% year-on-year growth. EBITDA for the quarter improved to ₹78 crore from ₹57 crore, a 36.8% increase, pushing the EBITDA margin to 4.97% from 3.93% in the year-ago period. The company reported a Profit Before Tax (PBT) of ₹0.95 crore, a turnaround from a loss of ₹9.22 crore in Q4 FY24. Net loss (PAT) for the quarter stood at ₹6.75 crore, a significant improvement from a loss of ₹12.85 crore in the corresponding period last year. EPS (diluted) came in at ₹(0.93), narrowing from ₹(1.78) in Q4 FY24. On an annual basis, revenue for FY25 rose 10.9% to ₹6,105 crore, while EBITDA increased to ₹284 crore from ₹229 crore in FY24. The company managed to reduce its net loss for the full year to ₹35.85 crore, down from ₹54.74 crore in FY24. From a standalone perspective, Mahindra Logistics clocked ₹1,293 crore in revenue for Q4, with a PAT of ₹13.12 crore, up from ₹7.86 crore in Q4 FY24. EPS on a standalone basis stood at ₹1.82 versus ₹1.09 a year ago. Key business highlights: Last Mile Delivery (LMD), 3PL, and Cross-Border services contributed significantly to growth. Warehousing segment expanded with 20.8 million sq. ft. under management. The Express business reported a 21% reduction in losses with improved cost control. Freight forwarding revenue rose 21% YoY. Subsidiaries across mobility, freight, and 2X2 logistics posted 2x–3.5x profitability improvement. Launched 'Emission Analytics Report' to help clients monitor and reduce logistics-related carbon emissions. Entered a 50:50 JV with Seino Holdings for Japanese auto logistics and partnered with Asian Paints for Pro-Trucking solutions. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
