Categories Earnings, Other Industries, Research Summary
Mahindra Logistics Limited Q3FY23 Earnings Story
Mahindra Logistics Ltd is an integrated logistics & mobility solutions provider. The company provides expertise in Supply Chain to a wide range of industry verticals, including Pharmaceuticals, Commodities, Consumer Goods, Automotive, E-commerce, and Engineering.
Financial Results:
For the three months period that ended December 31, the company’s consolidated PAT decreased to INR 13.9 million as compared to INR 17.7 million a year prior. Mostly due to higher operational costs, the company’s overall expenses increased by 17.3 percent to INR 13.32 billion.
Due to rising fuel and labor costs as well as for surging inflation, delivery service providers have seen their profits decline.
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