Mahindra Logistics swings to profit with 23% revenue growth
after close1 source ↓written by the desknot a recommendation
- YoY
- 23.3%
- YoY
- ₹2,003 cr
- with EBITDA climbing
- 51.6%
- ₹115.7 cr
- intraday high
- ₹420
Mahindra Logistics returned to profitability in Q1, reporting a net profit of ₹25.4 cr compared to a loss of ₹11 cr last year. Revenue surged 23.3% YoY to ₹2,003 cr, with EBITDA climbing 51.6% to ₹115.7 cr. Following the announcement, shares rose to an intraday high of ₹420, reflecting a 7.6% gain from the opening price.
Not investment advice. For informational purposes only.