Mahindra Logistics FY22 Revenue at Rs. 4,083 Cr, up 25% over FY21

PAT Rs. 35 Cr, up 20% YoY

Mahindra Logistics Ltd. (MLL), one of India’s large 3PL solutions providers, today announced its audited consolidated financial results for the quarter and full year ended on March 31, 2022.

Q4 FY22 performance compared with Q4 FY21         

•Revenue Rs. 1,073 crores as compared to Rs. 974 crores last year

•EBITDA Rs. 61 crores as compared to Rs. 51 crores last year

•PBT Rs. 14 crores as compared to Rs. 16 crores last year

•PAT Rs. 11 crores as compared to Rs 12 crores last year

•EPS (Diluted) Rs. 1.69 as compared to Rs. 1.74 last year

FY22 performance compared with FY21

•Revenue Rs. 4,083 crores as compared to Rs. 3,264 crores last year

•EBITDA Rs. 210 crores as compared to Rs. 152 crores last year

•PBT Rs. 46 crores as compared to Rs. 39 crores last year

•PAT Rs. 35 crores as compared to Rs. 29 crores last year

•EPS (Diluted) Rs. 5.14 as compared to Rs. 4.16 last year

The Board of Directors has recommended dividend of 20% (Rs. 2 per share)

Key Highlights – Q4, FY 2021-22

•Supply Chain segment during the quarter grew at 11% YoY driven by continuing growth in non-auto end markets including durables, FMCG and E-Commerce.

•Solutions-led approach to customer’s requirements resulted in revenue from Warehousing services & Solutions growing by 47% in the quarter over the same period last year.

•Continued focus and traction on improving operational efficiencies and cost management.

•Enterprise Mobility recovery was impacted by the resurgence of Wave 3 of the pandemic impacting return to work programs of key clients.

•Freight forwarding sustained double-digit growth trajectory.

Rampraveen Swaminathan, MD & CEO – Mahindra Logistics

Commenting on the performance, Mr. Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics, said ; “We continue to witness a challenging external environment with global supply chain volatility, chip shortages, fuel & commodity cost pressures and continuing waves of the Covid-19 pandemic. Despite these headwinds, we delivered continuing growth in Q4, FY21-22, driven by account acquisition and execution of our strategy of providing customized, integrated solutions to our customers. Our revenue growth was driven by E-commerce, Consumer, Automotive and Freight Forwarding businesses. Strong momentum in Supply Chain has offset the impact of Wave 3 of the Covid-19 pandemic on the Enterprise Mobility business. We remain focused on improving operational efficiencies and margin expansion.”

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