Net Loss of Mahindra Logistics reported to Rs 12.85 crore in the quarter ended March 2024 as against net loss of Rs 0.82 crore during the previous quarter ended March 2023. Sales rose 14.01% to Rs 1450.76 crore in the quarter ended March 2024 as against Rs 1272.51 crore during the previous quarter ended March 2023.For the full year,net loss reported to Rs 54.74 crore in the year ended March 2024 as against net profit of Rs 26.28 crore during the previous year ended March 2023. Sales rose 7.36% to Rs 5505.97 crore in the year ended March 2024 as against Rs 5128.29 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1450.761272.51 14 5505.975128.29 7 OPM %3.905.01 -4.165.07 - PBDT42.0650.62 -17 178.78224.04 -20 PBT-9.22-4.63 -99 -30.2134.54 PL NP-12.85-0.82 -1467 -54.7426.28 PL Powered by Capital Market - Live News

Mahindra Logistics announced that the Board of Directors of the Company at its meeting held on 22 April 2024, inter alia, have recommended the final dividend of Rs 2.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Mahindra Logistics 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.The establishment will generate over 750 job opportunities, including the 350 dedicated personnel for the last-mile network. Mahindra Logistics continues its commitment to diversity, aiming to fill 25% of the fulfilment centre roles with women and individuals from the PwD and LGBTQIA+ communities. Integral to Mahindra Logistics` vision of expanding its presence across the country, this expansion enhances the company`s warehousing footprint in West Bengal to 3.3 lakh sq. ft. Mahindra Logistics also services full truck load, part truck load and integrated services to nearly 2000 pin codes in the region.Powered by Capital Market - Live News

Net loss of Mahindra Logistics reported to Rs 17.41 crore in the quarter ended December 2023 as against net profit of Rs 1.39 crore during the previous quarter ended December 2022. Sales rose 5.09% to Rs 1397.23 crore in the quarter ended December 2023 as against Rs 1329.55 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales1397.231329.55 5 OPM %3.744.72 - PBDT38.0753.35 -29 PBT-13.393.55 PL NP-17.411.39 PL Powered by Capital Market - Live News

Mahindra Logistics will hold a meeting of the Board of Directors of the Company on 29 January 2024.Powered by Capital Market - Live News