Mahindra Logistics Q3 FY22 revenue at ₹1118 crore, EBITDA at ₹50 crore
The 3PL solutions provider Mahindra Logistics (MLL) announced its consolidated financial results for the quarter ended on December 31, 2021 with revenue at 1118 crore as compared to ₹1047 crore in Q3 last year and EBITDA at ₹50 crore against ₹55 crore last year.
January 28, 2022: The 3PL solutions provider Mahindra Logistics (MLL) announced its consolidated financial results for the quarter ended on December 31, 2021, with revenue at ₹1118 crore as compared to ₹1047 crore in Q3 last year and EBITDA at ₹50 crore against ₹55 crore last year.
The company also reported PBT ₹7 crore as compared to ₹25 crores in Q3 last year and PAT ₹5 crore compared to ₹18 crore.
For the nine months in FY22 revenue was ₹3010 crore as compared to ₹2290 crore last year and EBITDA at ₹149 crore aganist ₹ 101 crore.
"Revenue from warehousing services & solutions in the quarter grew 35 percent over the same period last year underlining the focus on solutions-led approach to customer’s requirements. Growth in supply chain segment during the quarter at 6 percent YoY, contributed by increased business volumes across all key end markets except auto," reads the release.
“EDel”: Electric last mile delivery solution completed a year and has covered 4Mn KMs during this period, driving the sustainability agenda for us and our customers equally. We continue to see a strong demand environment with an opportunity for continuing electric fleet deployment. Enterprise Mobility segment delivered 16 percent year on year growth despite the continuing softness in volumes due to extended work from home situation
Rampraveen Swaminathan, managing director and CEO of Mahindra Logistics, said, “The quarter gone by was a challenging one. Demand from the auto sector continued to be impacted due to semi-conductor supplies; and the festive season too saw moderate growth. We continued to deliver strong revenue performance, especially across Consumer, Pharma and International freight forwarding. Our margins saw pressure due to seasonal manpower costs, lower than expected demand and start up costs for new projects. The focus continues to be on optimizing operating costs. We remain focused on delivering technology driven, integrated solutions for enterprise customers.”