Mahindra Logistics Reports Rs 9.3 Crore Net Loss for Q1 FY2025

Mahindra Logistics (MLL), one of India's integrated logistics and mobility solution providers, recorded a net loss of Rs 9.3 crore in the first quarter of fiscal year 2024-25, compared to Rs 8.6 crore in Q1 FY 2024. Revenue from operations climbed by 10% to Rs 1,420 crore from Rs 1,293 crore in the same period last year. According to an official announcement, Mahindra Logistics reported a moderate demand environment, with contract logistics revenue growing by nine percent year on year in Q1 FY25. The freight forwarding business increased by 12 percent quarter on quarter, driven by increased demand for inbound maritime goods. The express company saw a 2% YoY increase in revenue and a 16% YoY decrease in PAT losses due to continual cost optimisation. Mobility and last-mile deliveries continued to improve. The 3PL firm managed more than 20 million square feet of warehouse space. The business opened its cutting-edge BTS warehouse in Guwahati throughout the quarter." Mahindra Logistics announced a