MAHINDRA LOGISTICS LTD.
NSE : MAHLOGBSE : 540768ISIN
CODE : INE766P01016Industry : LogisticsHouse
: Mahindra & Mahindra
BSE448.007.95 (+1.81 % )
PREV CLOSE (Rs.) 440.05
OPEN PRICE (Rs.) 447.40
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 888
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE447.20 6.8 (+1.54 % )
PREV CLOSE(Rs.) 440.40
OPEN PRICE (Rs.) 441.90
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 34361
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 29-Apr-2024 | Mahindra Logistics informs about transcript of conference call | <p style="text-align: justify;">In compliance with Regulation 30(6) read with Schedule III and other applicable provisions of the SEBI Listing Regulations, Mahindra Logistics has informed that it enclosed the transcript of the earnings conference call of the Company for the fourth quarter and financial year ended 31st March 2024, held on Tuesday, 23rd April 2024, with several Analysts/Institutional Investors/Funds. The transcript includes list of management attendees and the dialogues including but not limited to the Q&As' and assents/dissents. The text transcript and audio recordings of the Q4&FY24 earnings call are also uploaded on the website of the Company at the weblink: https://mahindralogistics.com/investor-interaction/recording-amp-transcript/. No Unpublished Price Sensitive Information was shared/discussed by the Company during the earnings conference call. This intimation will also be uploaded on the website of the Company and can be accessed at weblink: https://mahindralogistics.com/disclosures-under-sebi-regulation/disclosures-under-sebi-regulation462/.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 22-Apr-2024 | Mahindra Logistics reports Rs 11.91 crore consolidated net loss in Q4FY24 | <p style="text-align: justify;">Mahindra Logistics has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The company has reported 64.90% fall in its net profit at Rs 7.86 crore for the quarter under review as compared to Rs 22.39 crore for the same quarter in the previous year. However, total income of the company increased by 12.09% at Rs 1,185.30 crore for Q4FY24 as compared Rs 1,057.47 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported net loss of Rs 11.91 crore for fourth quarter ended March 31, 2024 as compared to net profit of Rs 0.2 crore for the same quarter in the previous year. However, total income of the company increased by 13.89% at Rs 1,453.64 crore for Q4FY24 as compared Rs 1,276.34 crore for the corresponding quarter previous year. </p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported 3.95% fall in its net profit at Rs 61.98 crore as compared to Rs 64.53 crore for the previous year. However, total income of the company increased by 1.62% at Rs 4,543.20 crore for year under review as compared to Rs 4,470.94 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported net loss of Rs 52.07 crore as compared to net profit of Rs 27.42 crore for the previous year. However, total income of the company increased by 7.38% at Rs 5,523.87 crore for year under review as compared to Rs 5,144.14 crore for year ended March 31, 2023.</p><div style="text-align: justify;"><br></div> |
| 19-Apr-2024 | Mahindra Logistics to launch nationwide Community Centers of Excellence | <p style="text-align: justify;">Mahindra Logistics is all set to launch nationwide Community Centers of Excellence (CCoE) in partnership with Logistics Skill Council, a not-for-profit organization set up by the Ministry of Skill Development & Entrepreneurship, to address the shortage of skilled workers in the logistics sector. These centers will provide beneficiaries with skill development training and certification in warehousing, transportation, and other supply chain operations while generating employment opportunities for them. </p><p style="text-align: justify;">In the first phase, Mahindra Logistics launched its first CCoE in Bhiwandi, to be followed by another in Guwahati within Q1FY25. Both the centers, together, aim to train over 500 individuals in FY25 including those from underprivileged backgrounds, women, people with disabilities, and the LGBTQIA+ community.</p><p style="text-align: justify;">Mahindra Logistics (MLL) provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.</p><div style="text-align: justify;"><br></div> |
| 29-Feb-2024 | Mahindra Logistics to broaden footprint in West Bengal | <p style="text-align: justify;">Mahindra Logistics is set to broaden its footprint in West Bengal. As part of this expansion, the company will commence operations of a 1.1 lakh sq. ft. fulfilment centre in Malda, West Bengal, dedicated to handling fulfilment and last-mile deliveries. This centre is a critical part of Mahindra Logistics' supply chain network and will execute efficient and timely deliveries through end-to-end fulfilment and distribution capabilities. Additionally, Mahindra Logistics is also adding 14 last-mile delivery stations, touching approximately 15,000 households daily.</p><p style="text-align: justify;">Tailored for grocery & e-commerce customers, the expansion in the network is the cornerstone of the company's comprehensive logistics solutions integrating fulfilment, express, as well as mid-mile and last-mile services. As part of the expansion in the Eastern region, the centre is strategically positioned to serve Northern West Bengal, Eastern Bihar, and parts of the Northeast. The facility is a beacon of optimized deliveries with a daily processing capacity of 10,000 orders and an inventory capacity exceeding 15 lakh units; designed to meet and exceed the growing demands of the region.</p><p style="text-align: justify;">Mahindra Logistics (MLL) provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.</p><div style="text-align: justify;"><br></div> |
| 14-Feb-2024 | Mahindra Logistics informs about cancellation of analyst meet | <p style="text-align: justify;">Further to its letter dated 8 February 2024 wherein the company had given advance intimation of participating by the Company in the upcoming Investor Conference of Nuvama Institutional Equities (in person group Meeting), scheduled to be held today Wednesday, 14 February 2024 at 9:00 am (IST), in Mumbai. In compliance with Regulation 30(6) read with Schedule III and other applicable provisions of the SEBI Listing Regulations, Mahindra Logistics has informed that, due to certain exigencies, the Company will not be able to participate in the said Investor Conference and hence the scheduled Analyst/Institutional Investor/Fund Meetings with the Company stand cancelled.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 31-Jan-2024 | Mahindra Logistics informs about disclosure | <div style="text-align: justify;">Mahindra Logistics has informed that the Company has received the following Orders with respect to GST assessment from the Office of the Assistant Commissioner, Jurisdiction Chennai Central, Tamil Nadu under applicable provisions of the TN GST Act 2017, CGST Act 2017 and IGST Act 2017 imposing penalties as mentioned below, in relation to the alleged short payment of taxes on outward supply and excess/incorrect Input Tax Credit claimed or reclaimed by the Company: 1) Rs. 1,54,49,657/- for the period April 2019 to March 2020; 2) Rs. 1,34,76,654/- for the period April 2020 to March 2021; 3) Rs. 93,06,418/- for the period April 2021 to March 2022. This Orders dated 30 January 2024 were received by e-mail intimation to the Company on 30 January 2024 at 12:34 pm (IST), 12.41 pm (IST) and 12.47 pm (IST) respectively. The details of the above Orders, as required under Clause 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13 July 2023 are enclosed as Annexure A. Based on the Company's assessment, prevailing law and basis the advice of the counsel, the Company is hopeful of a favourable outcome at the next adjudicating authority/ tribunal level and does not reasonably expect the said Orders to have any material financial impact on the Company. This intimation is also being uploaded on the website of the Company at https://mahindralogistics.com/disclosures-under-sebi-regulation/.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div> |
| 29-Jan-2024 | HDFC Bank, Maharashtra Seamless and Protean eGov Technologies to see some action today | <p style="text-align: justify;">Reserve Bank of India (RBI) has given approval to Life Insurance Corporation of India to acquire up to 9.99% stake in <span style="font-weight: bold;">HDFC Bank</span>. LIC has been advised by RBI to acquire the aforesaid major shareholding in the Bank within a period of one year i.e. by January 24, 2025. Further, LIC must ensure that the aggregate holding in the Bank does not exceed 9.99% of the paid-up share capital or voting rights of the Bank at all times</p><p style="text-align: justify;"><span style="font-weight: bold;">Maharashtra Seamless</span> has received two contracts with aggregate basic value of Rs 116 crore approximate from Indian Oil Corporation for supply of seamless pipes. There will be gradual dispatches as and when required by Indian Oil Corporation. </p><p style="text-align: justify;"><span style="font-weight: bold;">Protean eGov Technologies</span> has received Work Order on January 25, 2024 from Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) (a Government of India Undertaking) for providing services as ‘System Integrator for Implementation & Maintenance of Central BUDS Registry Solution' for the amount of Rs 16 crore (approximate).</p><p style="text-align: justify;"><span style="font-weight: bold;">SJVN </span>has secured full quoted capacity of 100 MW Solar Power Project through e-Reverse Auction conducted by Gujarat Urja Vikas Nigam (GUVNL). The company successfully bagged 100 MW Solar Project at Rs 2.54/Unit on Build Own and Operate basis through a tariff based competitive bidding process of GUVNL Phase XXI. This Ground Mounted Solar Project shall be developed by the Company through its wholly owned subsidiary i.e., SJVN Green Energy (SGEL) at a tentative cost of Rs 550 crore.</p><p style="text-align: justify;"><span style="font-weight: bold;">Mahindra Logistics</span> has inaugurated a 1 lakh sq. ft. extension to its existing multi-client warehouse in Nashik and also developed a new 3 lakh sq. ft. warehousing facility, thereby expanding its overall warehousing footprint to 5 lakh sq. ft. in Nashik, Maharashtra. This will be the largest warehousing space offered by any service provider in Nashik. The state-of-the-art facilities will significantly enhance Mahindra Logistics' pan-India network of multi-client warehousing network. Mahindra Logistics manages the distribution of auto components for production plants located in Nasik, Igatpuri and Mumbai for an Auto OEM customer from its existing warehouse. </p><p style="text-align: justify;"><span style="font-weight: bold;">Oriental Rail Infrastructure</span>'s Wholly Owned Subsidiary -- Oriental Foundry has secured order worth Rs 55.77 crore for Manufacture and Supply of 122 (Two Rake) BOXNHL Wagons and 02 Brake Vans from THDC India (a Central PSU under the ownership of National Thermal Power Corporation (NTPC), Ministry of Power other than Indian Railways).</p><p style="text-align: justify;"><span style="font-weight: bold;">Manomay Tex India </span>has announced that the commercial production of New Textile Spinning Unit Situated at Village - Undawa Tehsil-Gangrar, Chittorgarh -312901(Rajasthan) (India) has started on January 27, 2024.</p> |
| 27-Jan-2024 | Mahindra Logistics expands warehousing capacity in Nashik | <p style="text-align: justify;">Mahindra Logistics has inaugurated a 1 lakh sq. ft. extension to its existing multi-client warehouse in Nashik and also developed a new 3 lakh sq. ft. warehousing facility, thereby expanding its overall warehousing footprint to 5 lakh sq. ft. in Nashik, Maharashtra. This will be the largest warehousing space offered by any service provider in Nashik. The state-of-the-art facilities will significantly enhance Mahindra Logistics' pan-India network of multi-client warehousing network. Mahindra Logistics manages the distribution of auto components for production plants located in Nasik, Igatpuri and Mumbai for an Auto OEM customer from its existing warehouse. </p><p style="text-align: justify;">The new facilities will offer inbound logistics and distribution solutions for Automotive, Engineering goods, and Consumer Durables customers, incorporating technology-enabled and automated processes with end-to-end visibility. Strategically located with an easy access to key industrial and manufacturing clusters as well as consumption markets in Nashik City, Aurangabad, Satpur, Silvasa, and others, these facilities are poised to facilitate efficient logistics operations.</p><p style="text-align: justify;">Mahindra Logistics (MLL) provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.</p><div style="text-align: justify;"><br></div> |
| 25-Jan-2024 | Mahindra Logistics surges on planning to invest Rs 170 crore for warehousing facility in Phaltan | <p style="text-align: justify;">Mahindra Logistics is currently trading at Rs. 436.90, up by 5.05 points or 1.17% from its previous closing of Rs. 431.85 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 434.85 and has touched a high and low of Rs. 438.15 and Rs. 428.75 respectively. So far 3444 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 498.90 on 01-Feb-2023 and a 52 week low of Rs. 347.15 on 25-Oct-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 447.20 and Rs. 412.00 respectively. The current market cap of the company is Rs. 3128.89 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 58.04%, while Institutions and Non-Institutions held 21.64% and 20.32% respectively.</p><p style="text-align: justify;">Mahindra Logistics (MLL) has planned to invest Rs 170 crore for construction of its warehousing facility in Phaltan, near Pune. Spread over 6.5 lakh square feet (sq ft), the new facility will be developed in two phases. The first phase, comprising 3.5 lakh sq ft, is scheduled to be operational by the end of 2024. The company will manage inbound logistics to manufacturing and distribution solutions of diverse clients in automotive and manufacturing sectors located in the region.</p><p style="text-align: justify;">Mahindra Logistics (MLL) provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.</p><div style="text-align: justify;"><br></div> |
| 25-Jan-2024 | Mastek, Grindwell Norton and Mahindra Logistics to see some action today | <p style="text-align: justify;"><b>Mastek </b>has entered into strategic collaboration with Microsoft. The collaboration is focused on pioneering innovative solutions that harness the capabilities of Microsoft Azure OpenAI Service and Azure AI Services -especially for the retail, healthcare, manufacturing, financial services, and public sector industries through the integration of generative AI capabilities.</p><p style="text-align: justify;"><b>Grindwell Norton </b>has subscribed to 49% equity share capital of Advanced Synthetic Minerals (ASM) at a Net consideration of Rs 15 crore as of January 24, 2024. With this subscription, ASM becomes an affiliate of the Company effective January 24, 2024.</p><p style="text-align: justify;"><b>Mahindra Logistics </b>(MLL) is planning to invest Rs 170 crore for construction of its warehousing facility in Phaltan, near Pune. Spread over 6.5 lakh square feet (sq ft), the new facility will be developed in two phases. The first phase, comprising 3.5 lakh sq ft, is scheduled to be operational by the end of 2024. The company will manage inbound logistics to manufacturing and distribution solutions of diverse clients in automotive and manufacturing sectors located in the region.</p><p style="text-align: justify;"><b>Mazagon Dock Shipbuilders </b>(MDL) has signed a contract with Acquisition wing of Ministry of Defence for Construction and Delivery of Fourteen Fast Patrol Vessels (FPVs) for Indian Coast Guard (ICG) on January 24, 2024. Broad consideration or size of the order is around Rs 1070 crore. </p><p style="text-align: justify;"><b>Hero MotoCorp </b>is planning to bring three new electric two-wheelers in the next one year. In FY25, it will launch electric scooters in the mid-price segment and in the economy segment to extend its Vida range. Further, the company will be launching another electric two-wheeler in the B2B last mile delivery segment, which is a big segment. The company, which unveiled its new performance bike MAVRICK 440, is also ramping up production to 10,000 units a month to meet demand for motorcycles in the segment. </p><p style="text-align: justify;"><b>SBI Cards and Payment Services</b> (SBI Card) has raised Rs 525 crore through allotment of 525 Fixed Rate, Unsecured, Rated, Taxable, Redeemable, Subordinate Tier II, Listed, Non-Convertible Debentures (NCDs) of the face value of Rs 1,00,00,000 each, at par, under Series 34 on private placement basis. The Stakeholders' Relationship and Customer Experience Committee of the Company has approved the allotment of the same. </p><p style="text-align: justify;"><b>Dhanuka Agritech</b> has signed a non-binding Letter of Intent with an overseas entity named Kimitec Group, Spain for exploring the various business opportunities including setting up of joint venture in India which is subject to signing of Definitive Agreement(s) and fulfillment of other terms and conditions.</p> |
