Mahindra Logistics Q2 Results: Net loss at ₹15 crore, revenue up 2.9% at ₹1,364.8 crore
₹15.5 crore against the profit of ₹11.9 crore achieved in the same period in FY 2022-23. Though the revenue was up 2.9 percent at ₹1,364.8 crore in Q2FY24 in comparison to ₹1,326.3 crore in the same period in FY 2022-23, the firm said in a stock regulatory filing.
Apart from this, the firm also said that the EBITDA was down 20.7 percent at ₹53.6 crore in Q2FY24, in comparison to ₹67.6 crore in the same period of the previous year. While the EBITDA margin for the Q2FY24 stood at 3.9 percent against 5.1 in Q2FY23.
Among other things, on account of her transfer within the Mahindra Group, Ruchie Khanna's resignation as company secretary and compliance officer of the firm with effect from close of 30 November, 2023, as approved by the board of directors. As part of succession planning and to facilitate smooth transition, approved appointment of Jignesh Parikh as Company Secretary and Compliance officer of the Company with effect from 1st December, 2023.
Jignesh Parikh is a graduate in commerce and holds a law degree from Government Law College, Mumbai University. He is an Associate Member of Institute of Company Secretaries of India with over 17 years of expertise in Secretarial and allied corporate laws.
He joined Mahindra & Mahindra Limited in June 2015 and leads the Centre of Excellence initiatives and oversees Secretarial Compliances for M&M Group's Auto and Susten Sector. This is a breaking story, it will be updated shortly."Exciting news! Mint is now on WhatsApp Channels
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