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Mahindra Logistics Q1 Results: Firm reports Rs 9 crore loss
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Mahindra Logistics on Monday posted a consolidated net loss of Rs 9 crore for April-June 2023-24. It had posted Rs 13 crore net profit in the corresponding period of 2022-23, according to a BSE filing.
Total income however increased to Rs 1,299.40 crore from Rs 1,202.99 crore in the year-ago quarter. Expenses soared to Rs 1,298.83 crore as against Rs 1,184.02 crore.
«In Q1 FY24, we continued focusing on customer growth and expanding margins across integrated logistics & mobility solutions. Despite the slowdown in some end markets, mobility and last mile businesses demonstrated positive traction on order intake and account expansion.
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