Mahindra Logistics posts ₹833 cr revenue, ₹40 cr EBITDA for Q2 FY21

October 31, 2020: The 3PL solutions provider Mahindra Logistics (MLL) on Friday announced its consolidated financial results for the quarter and half year ended on September 30, 2020, with ₹833 crore revenue as compared to ₹852 crore for Q2 last year and ₹46 crore EBITDA as compared to ₹40 crore last year.

Profit Before Tax (PBT) stood at ₹20 crore as compared to ₹18 crore last year, Profit After Tax (PAT) at ₹15 crore as compared to ₹11 crore and Earnings Per Share (EPS) (diluted) at ₹2.08 as compared to ₹1.55.

The company saw a recovery in operations despite ongoing pandemic, driven by growth across all supply chain end-markets including farm, e-commerce, consumer and pharma verticals. “It has generated positive free cash in the reported period, backed by prudent cash flow management practices,” the release said.

Rampraveen Swaminathan, managing director and CEO of Mahindra Logistics, said, “We have seen a strong rebound in our supply chain operations during the quarter. Our fulfilment logistics solutions & services continued to witness strong growth driven by e-commerce, pharma and FMCG verticals. We also continued to see strong growth from the farm segment during the quarter. We have in this period, also scaled up the speed on technology adoption with several IT systems and functionalities going live, which will enable seamless data flow and support businesses better. During the quarter we launched two new built-to-suit warehouses aggregating 0.8 million square feet and continued to see strong demand for value-added services & solutions.”

“The business environment is steadily improving. With improving auto demand, combined with growth in our e-commerce, consumer and freight forwarding business, we remain positive that the execution of our strategy will continue to provide strong momentum,” he added.