Mahindra Logistics Share Price

The sales moved up 30.05% to Rs. 11954.00 millions for the September 2022 quarter as compared to Rs. 9191.60 millions during the year-ago period.The Profit  for the quarter ended September 2022 of  Rs. 112.40  millions  grew by 50.87% from Rs. 74.50 millions.OP of the company witnessed a marginal growth to 663.70 millions from 478.50 millions in the same quarter last year.

A fair growth of 16.79% in the revenue at Rs. 11400.40 millions was reported in the December 2022 quarter as compared to Rs. 9761.50 millions during year-ago period.Net Profit witnessed a 2305.71% growth almost the double from Rs. 7.00 millions to Rs. 168.40  millions  of same quarter last year.The company reported a good operating profit of 739.40 millions compared to 424.00 millions of corresponding previous quarter.

The December 2022 quarter revenue stood at Rs. 11400.40 millions, up 16.79% as compared to Rs. 9761.50 millions during the corresponding quarter last year.Net Profit witnessed a 2305.71% growth almost the double from Rs. 7.00 millions to Rs. 168.40  millions  of same quarter last year.The company reported a good operating profit of 739.40 millions compared to 424.00 millions of corresponding previous quarter.

The warehouse is designed with a sustainable warehousing architecture including multi-client capabilities, renewable energy, resource conservation and green cover

Mahindra Logistics is currently trading at Rs. 493.80, up by 4.00 points or 0.82% from its previous closing of Rs. 489.80 on the BSE.

The scrip opened at Rs. 490.00 and has touched a high and low of Rs. 500.10 and Rs. 490.00 respectively. So far 5732 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 814.00 on 25-Nov-2021 and a 52 week low of Rs. 395.65 on 28-Feb-2022.

Last one week high and low of the scrip stood at Rs. 502.00 and Rs. 480.75 respectively. The current market cap of the company is Rs. 3534.84 crore.

The promoters holding in the company stood at 58.12%, while Institutions and Non-Institutions held 33.57% and 8.31% respectively.

Mahindra Logistics has inaugurated 1 lakh sq. ft. of warehouse in Nashik in Maharashtra. The warehouse is designed with a sustainable warehousing architecture including multi-client capabilities, renewable energy, resource conservation and green cover.

This state-of-art warehouse will be an important part of the company’s pan-India network of multi-user facilities that support customers inbound to manufacturing and fulfilment operations. The facility will support e-commerce, consumer, and manufacturing & engineering industries. The built-to-suit (BTS) facility is designed in line with the company’s sustainability standards, including usage of recycled construction material, liquid discharge management, renewable energy and waste management requirements and state-of-the-art automation. The facility has onsite solar power generation capabilities to cater to the entire energy requirements and is equipped for solar charging for cargo vehicles and personal mobility.

Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.

The company has acquired 100% equity stake in VFSPL by subscribing 10 lakh equity shares of the face value of Rs 10 per share aggregation to Rs 1 crore

Mahindra Logistics is currently trading at Rs. 499.55, up by 3.60 points or 0.73% from its previous closing of Rs. 495.95 on the BSE.

The scrip opened at Rs. 493.10 and has touched a high and low of Rs. 510.00 and Rs. 493.10 respectively. So far 6652 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 814.00 on 25-Nov-2021 and a 52 week low of Rs. 395.65 on 28-Feb-2022.

Last one week high and low of the scrip stood at Rs. 510.00 and Rs. 480.75 respectively. The current market cap of the company is Rs. 3593.12 crore.

The promoters holding in the company stood at 58.12%, while Institutions and Non-Institutions held 33.57% and 8.31% respectively.

Mahindra Logistics has incorporated wholly-owned subsidiary namely ‘V-Link Freight Services’ (VFSPL) in Mumbai, Maharashtra. VFSPL will carry on logistics, supply chain management, freight forwarding, charter and related businesses, across geographies. The company has acquired 100% equity stake in VFSPL by subscribing 10 lakh equity shares of the face value of Rs 10 per share aggregation to Rs 1 crore.

Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.  

The Indicative time period for completion of the acquisition is on or before November 01, 2022

Mahindra Logistics is currently trading at Rs. 519.00, up by 14.45 points or 2.86% from its previous closing of Rs. 504.55 on the BSE.

The scrip opened at Rs. 515.05 and has touched a high and low of Rs. 533.60 and Rs. 515.05 respectively. So far 15619 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 814.00 on 25-Nov-2021 and a 52 week low of Rs. 395.65 on 28-Feb-2022.

Last one week high and low of the scrip stood at Rs. 567.30 and Rs. 496.75 respectively. The current market cap of the company is Rs. 3630.54 crore.

The promoters holding in the company stood at 58.12%, while Institutions and Non-Institutions held 33.57% and 8.31% respectively.

Mahindra Logistics has entered into a business transfer agreement with Rivigo Services (RSPL) and its promoter for acquisition/purchase of its B2B express business, as a going concern, on slump sale basis, for a lump sum consideration of Rs 225 crore, on the terms and conditions more specifically defined in the said agreement. Under the terms of the agreement, the company will acquire the express business including the customers, team and assets of RPSL’s B2B express business, RSPL’s technology platform and the Rivigo brand. RSPL will continue to own its truck fleet & the rights to the full truck load (FTL) operations. The Indicative time period for completion of the acquisition is on or before November 01, 2022. The acquisition will augment the company’s existing B2B express business leveraging Rivigo’s strong network, technology and process capabilities.

Gurgaon based Rivigo operates a pan India B2B express network, has a robust client base and a full-service technology suite. Rivigo’s B2B express network currently covers over 19,000 pin-codes across the nation. Their over 250 processing centres and branches, spanning an area more than 1.5 million sq. ft. will add significant strength to the company’s express business capability.

Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.

In compliance with Regulation 30(6) read with Schedule III and other applicable provisions of the SEBI Listing Regulations, Mahindra Logistics has informed that it enclosed the schedule of Meeting with Institutional Investors/Funds. The scheduled date is subject to change and changes may happen due to exigencies on part of the Company or the Investors/Funds. No Unpublished Price Sensitive Information is proposed to be shared by the Company during the aforesaid investor interaction. This intimation is also being uploaded on the website of the Company and can be accessed at the weblink: https://mahindralogistics.com/disclosures-under-sebi-regulation-46/.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 30(6) read with Para A (7) of Part A of Schedule III and other applicable provisions of the Listing Regulations, Mahindra Logistics has informed that Amit Kumar Sinha (DIN: 09127387) has vide letter dated 23 March 2023 tendered his resignation as Non-Executive Director (Non-Independent) of the Company effective 24 March 2023, in view of his transition to a new role within the Mahindra group. The details with respect to resignation of Amit Kumar Sinha as required under Regulation 30(6) read with Para A(7) of Part A of Schedule III of the Listing Regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015 are attached as Annexure A to this letter. This intimation is also being uploaded on Company’s website (weblink: https://mahindralogistics.com/disclosures-under-sebi-regulation-46/).

The above information is a part of company’s filings submitted to BSE.

Quarterly Results

Quarterly Results

Rs.2.0000 per share(20%)Final Dividend

Audited Results & Final Dividend Inter alia: 1. Consider and approve the Annual Audited Standalone and Consolidated Financial Statements and Results of the Company for the quarter and financial year ended 31 March 2022; 2. Consider recommendation of dividend, if any, on equity shares of the Company for the financial year ended 31 March 2022; and 3.Consider matters relating to the ensuing Annual General Meeting of the Company.

Quarterly Results

Quarterly Results

The new fulfilment centre will specifically enable quick commerce in the grocery segment with technology at its backbone in driving efficiency

Mahindra Logistics has launched its eleventh latest fulfilment centre in India and third in the city of Hyderabad. The new fulfilment centre will specifically enable quick commerce in the grocery segment with technology at its backbone in driving efficiency. Within a short period, the company has established its operational capability across India with its end-to-end services of fulfilment centres, milk-run transportation, micro-fulfilment centres (dark stores) and last mile delivery. The network which the company built for this segment is the best in class and is equipped to fulfil large volumes. These fulfilment centres are spread across 5 cities (Bangalore, Vizag, Vijayawada, Hyderabad, and Kolkata) and are currently serving more than 6 lakh units and 15000 plus stores per day.

Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.

The warehouse is designed with a sustainable warehousing architecture including multi-client capabilities, renewable energy, resource conservation and green cover

Mahindra Logistics has inaugurated 1 lakh sq. ft. of warehouse in Nashik in Maharashtra. The warehouse is designed with a sustainable warehousing architecture including multi-client capabilities, renewable energy, resource conservation and green cover.

This state-of-art warehouse will be an important part of the company’s pan-India network of multi-user facilities that support customers inbound to manufacturing and fulfilment operations. The facility will support e-commerce, consumer, and manufacturing & engineering industries. The built-to-suit (BTS) facility is designed in line with the company’s sustainability standards, including usage of recycled construction material, liquid discharge management, renewable energy and waste management requirements and state-of-the-art automation. The facility has onsite solar power generation capabilities to cater to the entire energy requirements and is equipped for solar charging for cargo vehicles and personal mobility.

Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.

The company has acquired 100% equity stake in VFSPL by subscribing 10 lakh equity shares of the face value of Rs 10 per share aggregation to Rs 1 crore

Mahindra Logistics has incorporated wholly-owned subsidiary namely ‘V-Link Freight Services’ (VFSPL) in Mumbai, Maharashtra. VFSPL will carry on logistics, supply chain management, freight forwarding, charter and related businesses, across geographies. The company has acquired 100% equity stake in VFSPL by subscribing 10 lakh equity shares of the face value of Rs 10 per share aggregation to Rs 1 crore.

Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.  

The Indicative time period for completion of the acquisition is on or before November 01, 2022

Mahindra Logistics has entered into a business transfer agreement with Rivigo Services (RSPL) and its promoter for acquisition/purchase of its B2B express business, as a going concern, on slump sale basis, for a lump sum consideration of Rs 225 crore, on the terms and conditions more specifically defined in the said agreement. Under the terms of the agreement, the company will acquire the express business including the customers, team and assets of RPSL’s B2B express business, RSPL’s technology platform and the Rivigo brand. RSPL will continue to own its truck fleet & the rights to the full truck load (FTL) operations. The Indicative time period for completion of the acquisition is on or before November 01, 2022. The acquisition will augment the company’s existing B2B express business leveraging Rivigo’s strong network, technology and process capabilities.

Gurgaon based Rivigo operates a pan India B2B express network, has a robust client base and a full-service technology suite. Rivigo’s B2B express network currently covers over 19,000 pin-codes across the nation. Their over 250 processing centres and branches, spanning an area more than 1.5 million sq. ft. will add significant strength to the company’s express business capability.

Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.

The company has completed the acquisition/purchase of the B2B express business for cash consideration of Rs 220.9 crore

Mahindra Logistics’ wholly-owned subsidiary---MLL Express Services has completed the acquisition/purchase of the B2B express business from Rivigo Services (Rivigo) for cash consideration of Rs 220.9 crore (post adjustments as per the terms of the Business Transfer Agreement) on November 9, 2022. The B2B express business of Rivigo together with all its associated rights, title, beneficial ownership and interest stands transferred to and vested in MLL Express Services on and from November 10, 2022.

The acquisition will augment the company's existing B2B express business leveraging Rivigo's strong network of 250+ processing centres and branches, spanning an area of more than 1.5 million sq.ft., technology and process capabilities and will drive synergies in network, team and customer service.

Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.

MGL has been incorporated as wholly-owned subsidiary of the Company for carrying on the business of Logistics

Mahindra Logistics has incorporated ‘MLL Global Logistics’ (MGL) on December 6, 2022, as a wholly owned subsidiary of the Company. MGL has been incorporated as wholly-owned subsidiary of the Company for carrying on the business of Logistics, supply chain management including freight forwarding and air charter business across geographies.

Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.