India's Mahindra Logistics posts narrower fourth-quarter loss

Mahindra Logistics

21/04/2025 12:59

April 21 (Reuters) - India's Mahindra Logistics MALO.NS reported a smaller quarterly loss on Monday, helped by growth in its key contract logistics division and a narrower loss in its express commerce segment.

    It reported a consolidated net loss of 67.5 million rupees ($793,045) for the January-March period - its ninth consecutive quarterly loss - compared to a loss of 128.5 million rupees a year earlier. Total expenses rose 7.4% to 15.71 billion rupees.

Its revenue from operations rose 8% to 15.70 billion rupees.

For further earnings highlights, click nFWN3QX03X

KEY CONTEXT

Mahindra Logistics, which has grappled with losses from the 2022 acquisition of express commerce firm Rivigo, said its core losses in the segment narrowed to 116 million rupees for the fourth quarter from 149 million rupees a year earlier.

Revenue from its mainstay contract logistics business, meanwhile, rose 9% year-on-year.

India's $342 billion logistics sector remains highly competitive, with firms such as Blue Dart BLDT.NS and Delhivery DELH.NS ramping up spending to attract clients and fend off pressure from the in-house logistics divisions of e-commerce giants like Amazon AMZN.O and Walmart WMT.N-backed Flipkart.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth (%)
Profit growth (%)
Mean rating*
No. of analysts
Stock to price target**
Div yield (%)
Mahindra Logistics
MALO.NS
37.69
6.42
15.13
-
Sell
10
0.86
0.84
Blue Dart Express
BLDT.NS
36.55
15.84
11.97
48.29
Buy
6
0.85
0.39
VRL Logistics
VRLL.NS
22.11
8.59
10.05
21.80
Strong Buy
9
0.74
1.03
Delhivery
DELH.NS
64.78
28.99
15.48
151.59
Strong Buy
20
0.70
-

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JANUARY-MARCH STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 85.1150 Indian rupees

MALO Q4 VS PEERS https://tmsnrt.rs/3RnI4j6

 (Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)

 ((Hritam.Mukherjee@thomsonreuters.com;))