Mahindra Logistics Q4 FY21 Revenue at Rs. 974 Cr up 20% over Q4 FY20,
PAT (before exceptional items) Rs. 14 Cr, up 47% YoY
Mahindra Logistics Ltd. (MLL), one of India’s large 3PL solutions providers, today announced its audited consolidated financial results for the quarter and full year ended on March 31, 2021.
Q4 FY21 performance compared with Q4 FY20
• Revenue Rs. 974 crores as compared to Rs. 812 crores last year
• EBITDA Rs. 51 crores as compared to Rs. 41 crores last year
• PBT Rs. 16 crores as compared to Rs. 13 crores last year
• PAT (before Exceptional Item) Rs 14 crores, compared to Rs. 10 crores last year
• Reported PAT Rs. 12 crores as compared to Rs 10 crores last year
• EPS (Diluted) Rs. 1.74 as compared to Rs. 1.35 last year
FY21 performance compared with FY20
• Revenue Rs. 3,264 crores as compared to Rs. 3,471 crores last year
• EBITDA Rs. 152 crores as compared to Rs. 172 crores last year
• PBT Rs. 39 crores as compared to Rs. 81 crores last year
• PAT (before Exceptional Item) Rs 31 crores as compared to Rs. 55 crores last year
• Reported PAT Rs. 29 crores as compared to Rs. 55 crores last year
• EPS (Diluted) Rs. 4.16 as compared to Rs. 7.67 last year
The Board of Directors has recommended an increased dividend of 25% (Rs. 2.50 per share)
Note: During the quarter and year ended March 31, 2021, the company has, as an exceptional item in its consolidated financials, recognised an aggregate impairment loss of Rs. 2.75 Cr (March 31, 2020: Rs. Nil) on its investment in joint venture considering the performance of the joint venture company, Transtech Logistics Pvt Ltd.
Key Highlights
• Recorded 20% growth in overall quarterly revenue, despite continuing softness in Enterprise Mobility segment, due to Covid related volume reductions.
• Growth in Supply Chain segment during the quarter at 28% YoY, sustained by increased business volume across end markets served.
• Revenue from Warehousing services & solutions grew 12% over the same period last year with continued focus on solutions-led approach to customer’s requirements.
• Positive traction observed post launch of “EDel”: Electric last mile delivery solution. The Company sees strong demand environment with opportunity for continuing fleet deployment.
Commenting on the performance, Mr. Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics, said, “We delivered continuing growth in Q4, FY20-21, driven by market recovery and execution of our strategy of providing customized, integrated solutions to our customers. Our revenue growth was driven by E-commerce, Consumer, Automotive and Freight Forwarding businesses. Strong momentum in Supply Chain has offset the continuing softness in the Enterprise Mobility segment, which remains impacted by the Covid-19 pandemic. We continue to expand and grow our service lines. During the quarter, ‘Edel’, our 100% electric powered vehicles solution, commenced operations in the last mile delivery services.
We are again witnessing a significant increase in the spread of the Covid-19 pandemic. In this challenging environment, we are focused on safety & health of our employees and partners. We are also partnering with local authorities and supporting Covid-19 relief activities across multiple regions.”
