Mahindra Logistics Limited (MLL), a key player in India’s integrated logistics and mobility solutions sector, has reported an 11.5% year-on-year revenue increase for the second quarter of FY25, reaching ₹1,521 crores, as disclosed in its latest financial results. Despite ongoing challenges, the company achieved a reduction in losses, signalling the effectiveness of its strategic investments […]
Mahindra Logistics Ltd. (MLL), a leading provider of integrated logistics and mobility solutions in India, has released its audited consolidated financial results for the fiscal year ending March 31, 2024. The company announced a 7% year-over-year increase in revenue, reaching Rs. 5,506 crores for FY24, up from Rs. 5,128 crores in FY23. Mahindra Logistics Financial […]
Mahindra Logistics Limited, a front-runner in integrated logistics solutions in India, has inaugurated a substantial 1 lakh sq. ft. extension to its existing multi-client warehouse in Nashik. Furthermore, the company announced the development of a new 3 lakh sq. ft. warehousing facility, expanding its total warehousing footprint to an impressive 5 lakh sq. ft. in […]
Mahindra Logistics Ltd, a premier integrated third-party logistics (3PL) service provider from India, has unveiled its audited consolidated financial results for the quarter ending September 30, 2023. Key insights reveal a mix of growth, offset by certain challenges in the sector. Standalone Financial Performance: Q2 & H1 FY24 In its Q2 FY24 standalone results, Mahindra […]
Mahindra Logistics Limited, one of India’s largest integrated third-party logistics service providers, has announced a strategic collaboration with Flipkart, the Indian e-commerce giant. This partnership aims to boost operational efficiency, foster innovation, and elevate standards in the Indian e-commerce sector through integrated line haul solutions. Integrated Line Haul Solutions for Operational Excellence Mahindra Logistics will […]
Mahindra Logistics Ltd. (MLL), a premier logistics and mobility solutions provider in India, has released its unaudited consolidated financial results for Q1 FY24, ending on June 30, 2023. The company reported a revenue of Rs. 1,293 crores, a slight increase from Rs. 1,200 crores in Q1 FY23. The EBITDA stands at Rs. 73 crores, compared […]
Mahindra Logistics Ltd. (MLL), an Indian third-party logistics (3PL) solution provider, has acquired a stake of 60% in ZipZap Logistics, a last-mile logistics service provider that operates under the brand ‘Whizzard’. The consideration for the acquisition is INR 71.73 crores to be paid in cash. Founded in 2018, the Hyderabad-based Whizzard runs an intracity distribution […]
Mahindra Logistics (MLL) has signed a long-term lease agreement with LOGOS, an Asia Pacific logistics specialist, for developing 1.4 million square feet (mmsf) of warehouse facilities located at the LOGOS Luhari Logistics Estate in Delhi-NCR. According to the Indian third-party logistics (3PL) solutions provider, the transaction marks the largest warehousing facility in a single park […]
Mahindra Logistics Ltd. (MLL) has reported a surge of 113% in its revenue for the first quarter of the fiscal year 2022 (Q1 FY22) at INR 873 crores, compared to INR 410 crores in the same quarter of the previous fiscal year. The Indian third-party logistics solutions provider said that it could achieve revenue growth […]