Mahindra Logistics FY23 Revenue up by 24% YoY at Rs. 5,128 Cr; EBITDA up 39% YoY

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Mahindra Logistics

Mahindra Logistics FY23 Revenue up by 24% YoY at Rs. 5,128 Cr; EBITDA up 39% YoY.

 Mahindra Logistics Ltd. (MLL), one of India’s integrated logistics & mobility solutions providers, today announced its audited consolidated financial results for the quarter and full year ended on March 31, 2023.

FY23 (consolidated) performance compared with FY22

  • Revenue Rs. 5,128 crores as compared to Rs. 4,141 crores
  • EBITDA Rs. 276 crores as compared to Rs. 198 crores
  • PBT Rs. 35 crores as compared to Rs. 26 crores
  • PAT Rs 25 crores compared to Rs. 15 crores
  • EPS (Diluted) Rs. 3.64 as compared to Rs. 2.43

FY23 performance (without Rivigo B2B express acquisition) comparable with FY22

  • Revenue Rs. 5,017 crores as compared to Rs. 4,141 crores
  • EBITDA Rs. 303 crores as compared to Rs. 198 crores
  • PBT Rs. 77 crores as compared to Rs. 26 crores
  • PAT Rs. 57 crore as compared to Rs 15 crores

Q4 FY23 (consolidated) performance compared with Q4 FY22

  • Revenue Rs. 1,273 crores as compared to Rs. 1,089 crores
  • EBITDA Rs. 68 crores as compared to Rs. 58 crores
  • PBT Rs. -5 crores as compared to Rs. 9 crores
  • PAT Rs. -1 crore as compared to Rs 6 crores
  • EPS (Diluted) Rs. -0.11 as compared to Rs. 1.03

 

Q4 FY23 performance (without Rivigo B2B express acquisition) comparable with Q4FY22

  • Revenue Rs. 1,206 crores as compared to Rs. 1,089 crores
  • EBITDA Rs. 87 crores as compared to Rs. 58 crores
  • PBT Rs. 24 crores as compared to Rs. 9 crores
  • PAT Rs. 21 crore as compared to Rs 6 crores

The Board of Directors has recommended dividend of 25% (Rs. 2.5 per share).

  • FY22 figures have been restated post acquisition of Meru companies in Q1 FY23.
  • FY23 numbers consolidated above are including Rivigo’s B2B express business acquired with effect from 10 November 2022.

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