Mahindra Logistics Limited — Updates, 21-10-2024: Press Release

Mahindra Logistics Ltd. reported a revenue increase of 11.5% YoY to Rs. 1,521 crores for Q2 FY25. While EBITDA improved to Rs. 66 crores, the company continued to post losses, with a PAT loss of Rs. 10.7 crores. The firm is focusing on expanding its capacity and investing in the Eastern and North Eastern regions. Notably, freight forwarding revenues grew by 65% YoY, despite ongoing geopolitical challenges affecting cross-border markets.