Mahindra Logistics revenues up 28%
Chennai, May 10, 2018: Mahindra Logistics Ltd. (MLL), one of India’s largest 3PL solutions providers, today announced its consolidated financial results for the quarter and the financial year ended on March 31, 2018.
FY18 performance compared with FY17
* Revenue up by 28%, grows from Rs. 2667 crore to Rs.3416 crore,
* EBITDA up by 46%, grows from Rs. 86 crore to Rs. 126 crore,
* PBT up by 51%, increases from Rs 68 crore to Rs. 102 crore,
* PAT up by 42 %, increases from Rs 46 crore to Rs. 65 crore,
* EPS (Diluted) up by 37%, increases from Rs. 6.62 Compared to Rs.9.04
Q4 FY18 performance compared with Q4 FY17
* Revenue up by 23%, grows from Rs. 723 crore to Rs. 893 crore,
* EBITDA up by 75%, grows from Rs. 22 crore to Rs. 39 crore,
* PBT up by 96%, increases from Rs. 17 crore to Rs 32 crore,
* PAT up by 70%, increases from Rs 12 crore to Rs. 21 crore,
* EPS (Diluted) up by 67%, increases from Rs.1.72 compared to Rs.2.87
In its first year of listing, the Board of Directors has recommended a dividend of 15% (Rs. 1.50 per share)
Key Highlights – FY 18
* The Company continues to report robust performance on the back of healthy revenue growth in SCM business: Non-Mahindra business growth of 32% and Mahindra business growth of 28%
* Non-Mahindra SCM business growth led by revenues from freight forwarding, Consumer & Pharma and Auto & Engineering clients.
* EBITDA higher due to lower Fixed Term Strategic Consulting Service Fees compared to earlier periods.
* Post GST warehousing strategy: 2nd multi-product, multi-user warehouse getting ready
Commenting on the performance, Mr Pirojshaw Sarkari (Phil), CEO of Mahindra Logistics, said,“We have achieved a major milestone in the company’s journey, crossing USD 0.5 bn in revenues. Our Mahindra as well as non-Mahindra business continued the growth momentum delivering a PBT of over Rs. 100 Cr. MLL has managed the major transitions like GST and E-Way bill effectively.
It is heartening to see the attention the sector is getting from government in terms of favorable policies and ease of doing business. As one of the largest 3PL players in India, we look forward to working with the policy makers to reduce the cost of logistics for the country.”