Company Profile

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 No Unpublished Price Sensitive Information was shared/discussed by the Company during the earnings conference call.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/.

The above information is a part of company’s filings submitted to BSE.

Mahindra Logistics has reported results for fourth quarter (Q4) and year ended March 31, 2024.

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.

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. 

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.

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.

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. 

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.

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.

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.

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.

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.

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.

The above information is a part of company’s filings submitted to BSE.