Mahindra Logistics Q4 PAT down -2.78% at Rs12.23cr on sharp spike in operating expenses

27 Apr 2022 , 09:40 PM

Mahindra Logistics Ltd reported 10.13% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs1,072.68cr. On a sequential basis, revenues were lower for the quarter by -4.04%.

For the full year FY22, the revenues were higher by 24.81% at Rs4,095cr. The main supply chain management vertical of the company saw revenues grow by 11.4% at Rs1,045cr.

The enterprise mobility solutions saw a fall in revenues, albeit being marginal. The board has proposed the payment of Rs.2 per share dividend, subject to approval.

The consolidated net profit for Q4 was down -2.78% at Rs12.23cr while it was up on a sequential basis by 114.94%.

The business logistics remains a low net margin business but the profits took a hit in the quarter due to a sharp spike in operating expenses.

The supply chain constraints created by the global events have also been responsible for the sharp spike in operating costs for the quarter. Net margins stood at 1.14% in Mar-22 quarter compared to 1.29% in Mar-21. The NPM was higher sequentially compared to 0.51% in Q3.

Financial highlights for Mar-22 compared yoy and sequentially

	Mahindra Logistics
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,072.68	₹ 974.00	10.13%	₹ 1,117.88	-4.04%
Net Profit (Rs cr)	₹ 12.23	₹ 12.58	-2.78%	₹ 5.69	114.94%
Diluted EPS (Rs)	₹ 1.69	₹ 1.74		₹ 0.79
Net Margins	1.14%	1.29%		0.51%