Mahindra Logistics announced the following change in senior management as under:Resignation of Edwin Lobo, Head - Human Resource and Administration with effect from 30 September 2024. Appointment of Sanjay Gawde, as SMP and Head - Human Resource and Administration of the Company with effect from 1 October 2024.Powered by Capital Market - Live News

Net Loss of Mahindra Logistics reported to Rs 9.32 crore in the quarter ended June 2024 as against net loss of Rs 8.55 crore during the previous quarter ended June 2023. Sales rose 9.80% to Rs 1420.02 crore in the quarter ended June 2024 as against Rs 1293.22 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1420.021293.22 10 OPM %4.675.15 - PBDT52.4655.03 -5 PBT-2.500.57 PL NP-9.32-8.55 -9 Powered by Capital Market - Live News

Mahindra Logistics will hold a meeting of the Board of Directors of the Company on 22 July 2024.Powered by Capital Market - Live News

Mahindra Logistics has executed a joint venture agreement with Seino Holdings Co., Japan (Seino) to enable the formation of a Joint Venture company (JVCo.) in India, for carrying on the business of providing warehousing and trucking services and related services thereto primarily to Japanese automobile companies and Japanese auto ancillary companies and / or their respective automobile and/or auto ancillary Affiliates in India, and such other matters as may be agreed from time to time. The Company will hold 50% in the proposed JVCo. and the balance 50% will be held by Seino. Powered by Capital Market - Live News

Net Loss of Mahindra Logistics reported to Rs 12.85 crore in the quarter ended March 2024 as against net loss of Rs 0.82 crore during the previous quarter ended March 2023. Sales rose 14.01% to Rs 1450.76 crore in the quarter ended March 2024 as against Rs 1272.51 crore during the previous quarter ended March 2023.For the full year,net loss reported to Rs 54.74 crore in the year ended March 2024 as against net profit of Rs 26.28 crore during the previous year ended March 2023. Sales rose 7.36% to Rs 5505.97 crore in the year ended March 2024 as against Rs 5128.29 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1450.761272.51 14 5505.975128.29 7 OPM %3.905.01 -4.165.07 - PBDT42.0650.62 -17 178.78224.04 -20 PBT-9.22-4.63 -99 -30.2134.54 PL NP-12.85-0.82 -1467 -54.7426.28 PL Powered by Capital Market - Live News