Press Release22 Apr 2024, 11:44 pm
Mahindra Logistics Announces 7% YoY Revenue Growth to Rs. 5,506 crores in FY24
AI Summary
Mahindra Logistics Ltd., one of India's leading integrated logistics and mobility solutions providers, announced its audited consolidated financial results for the fourth quarter and financial year ended on March 31, 2024. The company reported a revenue growth of 7% YoY, reaching Rs. 5,506 crores. Standalone figures for Q4 FY24 showed a revenue increase from Rs. 1,055 crores to Rs. 1,183 crores, with a decrease in EBITDA, PBT, and PAT compared to the previous year. MLL's FY24 performance showed a slight decrease in revenue and a significant decrease in EBITDA, PBT, and PAT compared to FY23.
Key Highlights
- 7% YoY revenue growth to Rs. 5,506 crores in FY24
- Q4 FY24 standalone revenue up by Rs. 128 crores
- Decrease in EBITDA, PBT, and PAT for Q4 FY24 and FY24 compared to previous years