Net Loss of Mahindra Logistics reported to Rs 10.75 crore in the quarter ended September 2024 as against net loss of Rs 15.93 crore during the previous quarter ended September 2023. Sales rose 11.46% to Rs 1521.10 crore in the quarter ended September 2024 as against Rs 1364.76 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1521.101364.76 11 OPM %4.363.93 - PBDT48.9943.62 12 PBT-4.97-8.17 39 NP-10.75-15.93 33 Powered by Capital Market - Live News

Mahindra Logistics will hold a meeting of the Board of Directors of the Company on 21 October 2024.Powered by Capital Market - Live News

Mahindra Logistics has unveiled its new brand identity, marking the next step in its evolution towards innovation and sustained growth. The new identity introduces a bold and dynamic icon, symbolizing the aspiration to scale new heights and the relentless drive to rise. It captures the essence of the company`s core values and future-ready vision, emphasizing collective strength and continuous forward momentum. As a trusted leader in integrated logistics, the new identity unifies all our business segments as we focus on delivering integrated solutions. It symbolizes our deep association with customers, focussing on building customised solutions integrating all stages of the supply chain. The icon represents the unification of diverse services and solutions, with a sharp focus on technology, sustainability, and robust operating systems. Mahindra Logistics enables its customers` transition to world-class supply chains, offering seamless pan-India connectivity. The new identity reinforces its commitment to accelerating progress, enhancing operational excellence, and delivering continued value to all our stakeholders., said the company. Powered by Capital Market - Live News

The Board of Directors of Mahindra Logistics at their meeting held today i.e. 9 October 2024, has inter alia, approved investment in the equity shares of MLL Express Services (MESPL), wholly-owned subsidiary of the Company, up to an amount not exceeding Rs. 50 crore by way of subscription to rights issue by MESPL of up to 5,00,00,000 equity shares of Rs. 10 each, at par. The full amount of the issue price will be payable on application in cash.The said investment will not cause any change in the shareholding of the Company in MESPL. MESPL will continue to be a 100% wholly-owned subsidiary of the Company. Powered by Capital Market - Live News

Mahindra Logistics has received reaffirmation in credit rating for fund based and non-fund based facilities of the company of Rs 350 crore at ICRA AA; Stable/ ICRA A1+. The commercial paper of Rs 100 crore has been assigned credit rating of ICRA A1+. Powered by Capital Market - Live News