Mahindra Logistics profit after tax up 41%

Mahindra Logistics profit after tax up 41%

Mahindra Logistics Ltd, (MLL), one of the largest 3PL solutions providers, announced its consolidated financial results for the quarter and nine months ended on December 31, 2018.

The company’s revenue has witnessed 12 per cent growth from Rs. 2,523 crore to Rs 2,837 crore. The growth has been accounted for nine months FY19 compared with FY18. The EBITDA has also seen a rise of 33 per cent, a growth from Rs. 87 crore to Rs. 116 crore and profit after tax also increases 41 per cent, from Rs 44 crore to Rs 63 crore.

Commenting on the results,  Pirojshaw Sarkari (Phil), CEO, Mahindra Logistics, said, “Having completed one year since our listing, I am happy that we continued to generate value for all our stakeholders. In Q3 our non-Mahindra SCM business is back to delivering high growth. This segment recorded the highest-ever quarterly revenues. We have added new clients across the service offerings – transportation, warehousing, stores & linefeed and people transport solutions. We continue to have positive outlook towards the sector as we help customers redesign their supply chain for effectiveness and efficiency.”

The company has won several awards including the CII Supply Chain and Logistics Excellence (SCALE) Gold award for overall excellence. It has also launched ‘Zero Accident Zone’ project on the Nasik – Bhiwandi Expressway.

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