Mahindra Logistics registers revenue of ₹873 at Q1
Mahindra Logistics (MLL), India’s one of the largest 3PL solutions providers has announced that its consolidated financial results for the quarter ended on June 30, 2021, with revenue of ₹873 crore as compared to ₹410 crore in Q1 last year and PAT of ₹9 crore, an increase of 155% from a negative of ₹17 crore last year.
In addition, the company has also recorded EBITDA ₹47 crore as compared to ₹1 crore in Q1 last year and PBT of ₹12 crore as compared to negative ₹22 crore in Q1 last year, while EPS (diluted) is at ₹1.26 as compared to ₹-2.21 last year.
Amid the disruptions caused by COVID-19 pandemic, logistics is one sector, which has been successfully been on the growth trajectory. Despite roadblocks, the 3PL company registered 113 percent growth in overall quarterly revenue.
Revenue from warehousing services & solutions grew 30 percent over the same period last year with a continued focus on the solutions-led approach to customer’s requirements.
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