Mahindra Logistics Ltd. (MLL) reported a consolidated net loss of Rs 10.7 crore for the second quarter of FY25, an improvement from the Rs 15.9 crore loss recorded in the same period last year. Despite the loss, the company saw its revenues increase to Rs 1,521 crore in Q2 FY25, up 11.5% from Rs 1,365 crore in Q2 FY24, driven by growth across its business segments.
Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics, highlighted the strong revenue performance, particularly in the 3PL contract logistics, cross-border, and last-mile delivery segments. Growth in these areas was fueled by new account additions, enhanced service offerings, and stable cross-border pricing.
Swaminathan also emphasized the company’s efforts to expand its transportation and green logistics services during the quarter. MLL is further investing in infrastructure, especially in the eastern region, to support warehousing, last-mile delivery, and express logistics, with an eye on future growth.
Looking ahead to the third quarter, Swaminathan noted that the company has ramped up capacity and resources in contract logistics and last-mile delivery to meet the anticipated festive season demand. He acknowledged that softer demand and operational challenges affected the express logistics segment in Q2 but expressed optimism for a stronger second half of the fiscal year, driven by seasonal demand and margin improvement initiatives across all business lines.
MLL’s management reiterated its focus on expanding capacity in the eastern and northeastern regions during Q2 FY25, particularly in warehouses, delivery stations, and express logistics. The company expects these investments to contribute positively to its growth in the latter half of the year.
