Mahindra Logistics Ltd. delivers strong 37 pct revenue growth in H1FY18

ANI | Updated: Dec 06, 2017 11:15 IST

Mumbai (Maharashtra) [India], Dec 6 (ANI-BusinessWireIndia): Mahindra Logistics Ltd. (MLL), one of India's largest 3PL solutions providers in the Indian logistics industry, announced its consolidated financial results for the half year ended September 30, 2017.

H1 FY18 performance compared with H1 FY17

•Revenue grows to Rs. 1,688 crore from Rs. 1,228 crore, up 37 percent

•EBITDA expands to Rs. 56 crore from Rs. 42 crore, up 35 percent

•PAT increases to Rs. 29 crore from Rs. 22 crore, up 30 percent

•Diluted Earnings per share increases to Rs. 4.09 compared to Rs. 3.23

Business Highlights

MLL has reported a strong operational and financial performance in H1 FY18 on the back of new client wins and by expanding existing long-term customer relationships

•Non-Mahindra Supply Chain revenue grows by 49 percent.

Commenting on the performance, Pirojshaw Sarkari (Phil), CEO of Mahindra Logistics, said, "I am delighted to present the first financial results following our successful public listing. I extend a warm welcome to all our public shareholders and look forward to their participation and support in our exciting journey of sustained progress, which we believe will create increasing long term value for all our stakeholders.

We have reported a strong financial and operational performance in H1 FY18 on the back of new client wins and by expanding existing long-term customer relationships. Going forward, GST coupled with infrastructure status will further enable 3PL players to organize the logistics space." (ANI-BusinessWireIndia)

iocl