Commenting on the performance, Mr. Pirojshaw Sarkari (Phil), CEO of Mahindra Logistics, said,

"Having completed one year since our listing, I am happy that we continued to generate value for all our stakeholders. In Q3 our non-Mahindra SCM business is back to delivering high growth. This segment recorded the highest-ever quarterly revenues. We have added new clients across the service offerings – transportation, warehousing, stores & linefeed and people transport solutions. We continue to have positive outlook towards the sector as we help customers redesign their supply chain for effectiveness and efficiency".  

For the 9 months ended Dec 18, consolidated net sales stood at Rs 2836.66 crore which was up by 12% on YoY basis. OPM was higher by 60 bps to 3.9%, thus resulting in a 34% increase in OP to Rs 110.37 crore. Other income was higher by 13% to Rs 5.72 crore. Depreciation was higher by 10% to Rs 15.90 crore which resulted in a 40% increase in PBT to Rs 97.74 crore. Thus, after providing total tax of Rs 35 crore and MI of Rs 0.63 crore, consolidated PAT for 12 months ended Dec 18 stood at Rs 62.11 crore, up by 43% YoY.

Other updates

Achieved the highest-ever revenues in Non-Mahindra SCM business (Rs. 365 crore)

People Transport Solution business at highest-ever revenue (Rs. 100 crore)

Improvement in ROCE from 23.8 % to 28.2% over the same time previous year

Won the CII Supply Chain and Logistics Excellence (SCALE) Gold award for overall excellence

Launched ‘Zero Accident Zone' project on the Nasik – Bhiwandi Expressway

Partnered with the Deaf International Cricket Council for World Cup 2018