'
Mahindra Logistics hosted a conference call on
Apr 23, 2024. In the conference call the company was represented by Rampraveen
Swaminathan, MD & CEO.
Key takeaways of the call
Q4FY24 was marked by an
increasing volume recovery and growth as the company saw positive momentum
across its businesses, with strong growth in 3PL and Mobility segments.
PAT of core business (MLL+
Lord+mobility) in Q4FY24 was impacted by onetime expenses of RS 10 crore
towards provision for doubtful receivables and RS 2 crore of IT charges.
Excluding the onetime charges, the PAT of core business in Q4FY24 was up 4%YoY.
B2B express business of the company
has started seeing the benefits of cost optimization, with improving operating
margins & EBITDA. Expect
EBITDA break even by end of Q2FY25 though re required 30% volume growth for
EBITDA break even is not there. The
company is expected to improve profit...
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