Mahindra Logistics

Noida Airport partners Mahindra Logistics Mobility for e-taxi service

The upcoming Noida International Airport (NIA) on Thursday said it has partnered with Mahindra Logistics Mobility to provide a premium, all-electric taxi service for passengers flying to and from the facility. The round-the-clock and seven days-a-week service will feature premium pick-up and drop-off facilities located at the arrival and departure kerbs, minimising walking distance, NIA said. Passengers will be able to book rides through various channels, including a dedicated mobile app, website, call centre, airline alliances, and airport kiosks. This multi-channel approach will guarantee accessibility and ease of booking for travellers, it said. The fleet will be managed with a focus on real-time dynamic adjustments based on passenger demand and flight schedules, reducing wait times, and extending service availability, NIA said. "We have partnered with Mahindra Logistics Mobility to offer a premium, all-electric taxi service, to provide a seamless and environment-friendly ride .

Mahindra Logistics Q2 results: Net profit declines 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. "During the quarter, we saw strong revenue performance with year-on-year growth of 11.5 per cent. Our 3PL contract logistics, cross border and last mile delivery segments registered strong growth driven by account additions,

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On the weekly chart, Mahindra Logistics stock prices have confirmed a bullish reversal pattern breakout known as the Cup and Handle

Mahindra Logistics Q4 loss widens to Rs 12.85 cr on subdued volume growth

The company declared a dividend on Rs 2.50 per share

Mahindra Logistics Q3 results: Loss at Rs 17.41 crore, expenses jump 6%

During the quarter, a 6% jump in total expenses to 14.13 billion rupees outweighed a 5% rise in revenue to 13.97 billion rupees

Mahindra Logistics to invest Rs 170 crore in warehousing facility in Maha

Mahindra Logistics Limited (MLL) on Tuesday announced the construction of its warehousing facility in Phaltan, near Pune with an investment of Rs 170 crore. Spread over 6.5 lakh square feet (sq ft), the new facility will be developed in two phases. The first phase, comprising 3.5 lakh sq ft, is scheduled to be operational by the end of 2024, the company said in a statement. Mahindra Logistics will manage inbound logistics to manufacturing and distribution solutions of diverse clients in automotive and manufacturing sectors located in the region, the company said. The company and its partners are set to invest Rs 170 crore across multiple phases for the development of the new facility and related infrastructure. "To enhance our capabilities and meet the rising demand, we are expanding our multi-client warehousing network across India. Our latest facility in Phaltan is strategically located to augment the overall business ecosystem for our valued clientele in the region," said ...

Mahindra Logistics to sell its entire 39.79% stake in associate firm TLPL

Mahindra Logistics on Wednesday announced the sale of entire 39.79 per cent stake in its associate company Transtech Logistics Pvt Ltd (TLPL). Post completion of this sale, TLPL would cease to be an associate of the company. "The company...at its meeting held today....entered into a share purchase agreement with Transtech Logistics Pvt Ltd... for sale/transfer of the 39.79 per cent stake held by the company in TLPL i.e., 100 equity shares of Rs 10 each and 65,988 compulsorily convertible preference shares of Rs 50 each, for a consideration of Rs 1,32,176," Mahindra Logistics said in a filing to BSE. Revenue from operations of TLPL for the financial year ended March 31, 2023 was Rs 3.26 crore. "The 39.79 per cent stake held by the company in TLPL...are transferred to Amarnath Kalale ('Buyer'), who is one of the promoters of TLPL. The buyer does not belong to the company's promoter/promoter group/ group companies," the filing said. Mahindra Logistics Ltd is an integrated third-party

Mahindra Logistics slips 6%, hits 52-week low on disappointing Q2 results

The management expects to report better performance in Q3 due to positive demand uptick in festive season, accelerating margins due to synergies with the acquired B2B business and cost reduction

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Mahindra Logistics signs pact with Flipkart for heavy commercial vehicles

Mahindra Logistics Limited (MLL) on Friday announced a collaboration with e-commerce giant Flipkart for providing a dedicated fleet of heavy commercial vehicles, assistance in route management and network operations, among others for the latter's pan India operations. Under the partnership, Mahindra Logistics will operate 32 feet single axle HCVs for Flipkart in collaboration with Daimler India Commercial Vehicles, which will run on multiple national routes, across the country, the company said. The fleet deployed by the company will primarily facilitate Flipkart's e-commerce parcel movements through hub-to-hub operations, MLL said. "We have collaborated with Flipkart and provide these pan-India dedicated line haul transportation solutions. These solutions expand our current line haul offerings for Flipkart enabling them to reduce their total cost of operations and improve service," Rampraveen Swaminathan, Managing Director & Chief Executive Officer, said. The company also said ...

Mahindra Logistics swings to loss on higher costs, weak demand in Q1

Consolidated revenue from operations rose about 8% to 12.93 billion rupees, lifted by more than 6% growth in its mainstay supply chain management business

Mahindra Logistics starts cargo charter operations in Middle East

Mahindra Logistics on Thursday announced that it has commenced cargo charter operations in the Middle East, marking its foray into the overseas market. The charter business will be an independent division serving customers and partners across multiple verticals and geographies, Mahindra Logistics Ltd said in a statement. The company said it will service the Middle East region from its headquarter set up in Dubai. As a neutral player entering the global air cargo charter business, the company said, it will offer dedicated aircraft, enhanced transit time, and the expertise in end-market solution development, among others. With this launch, the company will augment freight forwarding with cargo charter operations partnering with customers in electronics, consumer durables, pharma and engineering, it said in a statement. With increasing complexity in global supply chains, cross-border supply chain services have become critical to supply chain resilience, Rampraveen Swaminathan, Managi

Selectively ride logistics stocks as tech wave disrupts market: Analysts

With the Covid-19 pandemic crippling the supply-chain management across borders, investors and venture capital firms started to place their bets on logistics, seeing manifold growth in e-Commerce

Mahindra firm, partner to set up mn sq ft warehouse park in Maharashtra

The facility will be part of an industrial corridor near that has become a major manufacturing cluster

Mahindra Logistics Q3 profit down 21.5% as costs rise; revenue up 17%

Mahindra Logistics also flagged weakness in its freight forwarding service due to a sharp drop in freight rates

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Mahindra Logistics has announced the acquisition of the B2B express business of Gurugram-based logistics firm Rivigo Services, which will help the company accelerate its capabilities in this space

Mahindra Logistics acquires B2B express business of Rivigo

Mahindra Logistics on Monday announced the acquisition of the B2B express business of Gurugram-based logistics firm Rivigo Services, which will help the company accelerate its capabilities in this space. Mahindra Logistics Ltd (MLL) will acquire the express business through a business transfer agreement (BTA), including the customers, team and assets of Rivigo's B2B express business and its technology platform, Mahindra Logistics said in a statement. Rivigo, however, will continue to own its truck fleet and the rights to the full truck load (FTL) operations. Rivigo operates a pan-India B2B express network with a robust client base and a full-service technology suite. Its express network currently covers over 19,000 PIN codes across the country through over 250 processing centres and branches, spanning more than 1.5 million sq ft. "This will add significant strength to Mahindra Logistics' express business capability," the company said. B2B express logistics continues to see strong

Does new logistics policy make related-stocks a favourable bet?

Logistics stocks traded mixed on Monday after the govt announced National Logistics Policy. It aims to integrate and develop a technologically-enabled logistics ecosystem in India. Here's a report

Logistics stks price in most positives; no near-term upside seen: Analysts

The new logistics policy aims to trim the costs to single digits, from 13-14 per cent of the GDP at present, by 2030

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Stocks to Watch Today: Shares of Bajaj Auto, Hindustan Unilever and Indian Hotels are likely to be in focus as the companies report Q4 results on Wednesday.