Mahindra Logistics Q4 FY21 revenue up 20% YoY at ₹974 cr, PAT up 47%

April 30, 2021: The 3PL solutions provider Mahindra Logistics on Thursday announced its audited consolidated financial results for the quarter and full-year ended on March 31, 2021, with 47 percent PAT growth to ₹14 crore and 20 percent revenue growth to ₹974 cr in Q4 compared to the same period last year.

Rampraveen Swaminathan, managing director and CEO of Mahindra Logistics, said, “Our revenue growth was driven by e-commerce, consumer, automotive and freight forwarding businesses. Strong momentum in the supply chain has offset the continuing softness in the enterprise mobility segment, which remains impacted by the Covid-19 pandemic. We continue to expand and grow our service lines. During the quarter, Ede’, our 100 percent electric-powered vehicles solution, commenced operations in the last mile delivery services.

“We are again witnessing a significant increase in the spread of the Covid-19 pandemic. In this challenging environment, we are focused on the safety & health of our employees and partners. We are also partnering with local authorities and supporting Covid-19 relief activities across multiple regions.”

Mahindra Logistics recorded 20 percent growth in overall quarterly revenue, despite continuing softness in the enterprise mobility segment, due to Covid related volume reductions. Growth in supply chain segment during the quarter at 28 percent YoY, sustained by increased business volume across end markets served.

Revenue from warehousing services & solutions grew 12 percent over the same period last year with a continued focus on the solutions-led approach to customer’s requirements. Positive traction observed post-launch of EDel: Electric last-mile delivery solution. The company sees a strong demand environment with an opportunity for continuing fleet deployment.

Meanwhile, the board of directors has recommended an increased dividend of 25 percent (₹2.50 per share).