Mahindra Logistics revenue rises 28% yoy to Rs1,326 crore in Q2FY23; Stock soars 2%

7 Nov 2022 , 09:16 AM

Mahindra Logistics Ltd. (MLL), has announced its unaudited consolidated financial results for the quarter and half year ended September 30, 2022.

Q2 FY23 performance compared with Q2 FY22

• Revenue Rs1,326 crore as compared to Rs1,033 crore
• EBITDA Rs71 crore as compared to Rs49 crore
• PBT Rs17 crore as compared to Rs8 crore
• PAT Rs11 crore as compared to Rs5 crore
• EPS (Diluted) Rs1.69 as compared to Rs0.71

H1 FY23 performance compared with H1 FY22

• Revenue Rs2,526 crore as compared to Rs1,916 crore
• EBITDA Rs140 crore as compared to Rs92 crore
• PBT Rs36 crore as compared to Rs14 crore
• PAT Rs25 crore compared to Rs8 crore
• EPS (Diluted) Rs3.56 as compared to Rs1.16

Notably, FY22 figures have been restated post acquisition of Meru companies in Q1 FY23, the company said.

Key Highlights

• Growth in the quarter propelled by continuing recovery in automotive industry and sustained growth in consumption end markets including telecom
• Steady growth in B2B express and last mile delivery (including eDel) services
• Mobility business though not scaled back to pre-covid levels continues to improve on operational efficiency
• In the quarter we have unveiled more than 1 Mn sq.ft. of warehouse space across locations like Nashik, Bhiwandi and Luhari

On Monday early morning trade, Mahindra Logistics Ltd is currently trading at Rs548.35 per share up by Rs10.5 or 1.95% from its previous closing of Rs537.85 per share on the BSE.

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