'Consolidated net sales (including other operating income) of Mahindra Logistics for the quarter ended Mar 2023 has increased 14.01% to Rs 1450.76 crore.  Operating profit margin has declined from 5.01% to 3.90%, leading to 11.16% decline in operating profit to Rs 56.61 crore.  Employee cost decreased from 7.72% to 6.46%.   Other expenses rose from 87.27% to 89.63%.   Other direct service cost rose from 84.32% to 85.44%.   Other income fell 24.80% to Rs 2.88 crore.  PBIDT fell 11.93% to Rs 59.49 crore.  Provision for interest rose 2.95% to Rs 17.43 crore.  PBDT fell 16.91% to Rs 42.06 crore.  Provision for depreciation fell 7.19% to Rs 51.28 crore.  Profit before tax down 99.14% to Rs -9.22 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was debit of Rs 2.69 crore, compared to credit of Rs 4.83 crore.  Effective tax rate was negative 29.18% co...

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