New clients, expanding long-term customer relationship and non-Mahindra supply chain revenue helps Mahindra Logistics post positive results in H1 FY2017-18.
06 Dec 2017 | 4053 Views | By Autocar Pro News Desk
Mahindra Logistics (MLL), one of India’s largest 3PL (third party logistics) solutions provider reported its first half FY 2017-18 revenue of Rs 1,688 crore an increase of 37 percent YoY.
It reported the first half of the financial year 2017-18 saw its EBITDA at Rs 56 crore a increase ...
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Mahindra Logistics (MLL), one of India’s largest 3PL (third party logistics) solutions provider reported its first half FY 2017-18 revenue of Rs 1,688 crore an increase of 37 percent YoY.
It reported the first half of the financial year 2017-18 saw its EBITDA at Rs 56 crore a increase of 35 percent compared to same period last year, and the profit after tax (PAT) came at Rs 29 crore an increase of 30 percent YoY.
Mahindra attributed its growth on the back of winning new clients along with expanding existing long-term customer relationship, additionally non-Mahindra supply chain revenue grew by 49 percent.
Commenting on the performance, Pirojshaw Sarkari (Phil), CEO, Mahindra Logistics, said, "We have reported a strong financial and operational performance in H1 FY18 on the back of new client wins and by expanding existing long-term customer relationships. Going forward, GST coupled with infrastructure status will further enable 3PL players to organise the logistics space.”