Mahindra Logistics Q1 Results Live : Mahindra Logistics announced their Q1 results on 22 Jul, 2024, showing a 9.8% increase in revenue and a 9.01% increase in losses year-over-year.
However, compared to the previous quarter, the company experienced a 2.12% decline in revenue and a significant 27.47% decrease in losses.
The Selling, general & administrative expenses saw an 8.71% increase quarter-over-quarter and a 2.81% increase year-over-year.
Operating income rose by an impressive 112.38% sequentially but decreased by 6.98% year-over-year.
The EPS for Q1 was reported at ₹-1.29, reflecting an 8.4% decrease from the previous year.
Mahindra Logistics delivered -0.84% return in the last week, 20.84% return in the last 6 months, and 35.75% YTD return.
The company currently holds a market cap of ₹3793.45 Cr with a 52-week high/low of ₹554.7 & ₹348.05 respectively.
Analysts covering Mahindra Logistics have mixed ratings as of 23 Jul, 2024, with 3 analysts giving a Strong Sell rating, 3 analysts a Hold rating, and 4 analysts a Buy rating.
The consensus recommendation as of 23 Jul, 2024, was to Hold.
Mahindra Logistics Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1420.02 | 1450.76 | -2.12% | 1293.22 | +9.8% |
| Selling/ General/ Admin Expenses Total | 101.95 | 93.78 | +8.71% | 99.16 | +2.81% |
| Depreciation/ Amortization | 54.96 | 51.28 | +7.18% | 54.46 | +0.92% |
| Total Operating Expense | 1408.7 | 1445.43 | -2.54% | 1281.05 | +9.96% |
| Operating Income | 11.32 | 5.33 | +112.38% | 12.17 | -6.98% |
| Net Income Before Taxes | -2.5 | -9.22 | +72.89% | 0.57 | -538.6% |
| Net Income | -9.32 | -12.85 | +27.47% | -8.55 | -9.01% |
| Diluted Normalized EPS | -1.29 | -1.78 | +27.53% | -1.19 | -8.4% |