Mahindra Logistics, one of India’s leading logistics and mobility solutions providers, reported a consolidated net loss of Rs 10.7 crore in Q2FY25. This marks an improvement from the Rs 15.9 crore loss in Q2FY24. Despite the loss, Mahindra Logistics saw a year-on-year revenue increase of 11.5%, showcasing growth across multiple business segments.
Strong Revenue Performance by Mahindra Logistics
During Q2FY25, Mahindra Logistics posted revenue of Rs 1,521 crore, up from Rs 1,365 crore in the same period last year. This growth was driven by its 3PL contract logistics, cross-border, and last-mile delivery segments. The company’s focus on adding new accounts and introducing innovative services contributed to this steady performance. Additionally, a stable cross-border pricing environment helped maintain this positive trend.
Expansion in Transportation and Green Logistics
Mahindra Logistics also focused on expanding its offerings during this quarter, particularly in transportation and green logistics. With infrastructure expansions planned in the east, the company is positioning itself for future growth. These expansions are aimed at enhancing warehousing, last-mile, and express logistics segments. This strategic focus should help the company capture additional market share in the coming quarters.
Future Outlook for Mahindra Logistics
Looking ahead, Mahindra Logistics expects stronger results in the second half of FY25. The festive season in Q3 and margin improvement programs across its business lines should contribute to improved performance. The company has expanded its capacity and resources, particularly in contract logistics and last-mile delivery, to meet the seasonal demand.
Investments in Eastern and North Eastern Regions
The company’s management emphasized that ongoing investments in the Eastern and North Eastern regions are key to its future growth. These investments include the development of new warehouses, delivery stations, and express logistics facilities. Mahindra Logistics expects these expansions to play a crucial role in driving growth in the latter half of FY25.
Conclusion
Despite reporting a net loss, Mahindra Logistics shows positive signs of growth, especially in its revenue performance and strategic expansions. With its focus on infrastructure development and enhanced logistics services, the company is poised for a stronger second half of the financial year. Mahindra Logistics remains committed to delivering better results in the upcoming festive season and beyond.
