Mahindra Logistics Top Management Shares Key Strategies And Outlook Post Weak Q3 Results

Mahindra Logistics Ltd (MLL) on Monday (January 29) reported a net loss of ₹16.4 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, Mahindra Logistics posted a net profit of ₹15.5 crore, the company said in a regulatory filing. The company's revenue from operations increased 5.1% to ₹1,397.2 crore against ₹1,329.6 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA declined 17.1% to ₹52.2 crore in the third quarter of this fiscal over ₹63 crore in the year-ago period. The EBITDA margin stood at 3.7% in the reporting quarter against 4.7% in the corresponding period in the previous fiscal. Catch Sakshi Batra in conversation with Rampraveen Swaminathan, MD & CEO, Mahindra Logistics limited sharing insights on key strategies & outlook post Weak Q3 earnings.