Mahindra Logistics Q2 Results: Profit falls 54% to Rs 8.5 crore
Mahindra Logistics Ltd on Monday reported 54 per cent decline in standalone Profit After Tax (PAT) at Rs 8.5 crore for September quarter FY25. The company had posted a PAT of Rs 18.6 crore in the second quarter of FY24, a statement said.
Revenue during the quarter under review, however, increased 9 per cent to Rs 1,236 crore from Rs 1,136 crore in July-September FY24.
Overall revenues during Q2 FY25 demonstrated a strong growth of 11.5 per cent on year-on-year basis.
The company said it continues the focus on expanding capacity and making investments in the eastern and Northeastern region and also on warehouses, delivery stations and express logistics.
It expects these investments to be accretive to the growth across businesses in the later part of the year.
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