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Mahindra Logistics sees all-round financial growth in Q3

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Mahindra Logistics Ltd (MLL), one of India’s large 3PL solutions providers, has reported impressive consolidated financial results for the quarter ended December 31, 2020, showing notable growth in all key parameters.

In Q3 FY21 compared with Q3 FY20, revenue was Rs 1,047 crore as against Rs 908 crore last year, with EBITDA being Rs 55 crore compared to Rs 44 crore.

PBT was Rs 25 crore compared to Rs 21 crore, and PAT Rs 18 crore as against Rs 16 crore. EPS (diluted) was Rs 2.53, while it was Rs 2.17 in the corresponding quarter of last year, highlighted a release.

Key Highlights

  • Strong growth in supply chain segment during the quarter at 24% YoY, driven by demand in e-commerce, consumer, freight forwarding and recovery in automotive vertical.
  • Recorded highest ever quarterly revenue despite the continuing softness in the Enterprise Mobility segment due to Covid-related

volume reductions.

  • Revenue from warehousing services and solutions grew 24% over the same period last year with continued focus on solutions-led approach to customer’s requirements in supply chain.
  • Launched “EDel” electric last mile delivery solution. The company sees a strong demand environment with opportunity for continuing fleet deployment.
  • Overall focus on returns maintained with stringent control on costs and cash flows across operations.
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