Mahindra Logistics Q2 consolidated revenue up 31% to Rs 15 crore

on Friday reported a 31.41 per cent bounce in its consolidated revenue to Rs 14.85 crore for the quarter ended September.

The logistics arm of the Mahindra Group had clocked a consolidated revenue after tax of Rs 11.30 crore throughout the second quarter of the earlier fiscal, the corporate mentioned in a BSE submitting.

Its complete revenue fell to Rs 840.76 crore throughout the quarter beneath assessment as in opposition to Rs 854.27 crore within the year-ago interval, it mentioned.

Its complete bills declined to Rs 820.52 crore throughout the July-September quarter of the fiscal as in opposition to Rs 836.50 crore within the year-ago interval.

“We’ve seen a robust rebound in our provide chain operations throughout the quarter. Our fulfilment logistics options & providers continued to witness robust progress pushed by e-commerce, pharma and FMCG verticals. We additionally continued to see robust progress from the Farm phase throughout the quarter.

“Whereas we’re not but fully again to normalcy for the reason that creation of COVID-19 pandemic, our give attention to choose business verticals, our deep companion community and our capability to fulfil buyer necessities effectively, has enabled year-on-year progress in our provide chain enterprise,” Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics, mentioned.

In the course of the quarter, the corporate launched two new built-to-suit warehouses aggregating zero.eight million sq. ft and continued to see robust demand for value-added providers & options, he mentioned.

“The enterprise surroundings is steadily enhancing. With enhancing auto demand, mixed with progress in our e-commerce, client and freight forwarding enterprise, we stay constructive that the execution of our technique will proceed to offer robust momentum, he added.

(Solely the headline and movie of this report might have been reworked by the Enterprise Customary workers; the remainder of the content material is auto-generated from a syndicated feed.)

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