Mahindra Logistics announces Q1 financial results

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Mahindra Logistics Ltd. (MLL), one of India’s large 3PL solutions providers,
today announced its consolidated financial results for the quarter ended on June 30, 2020.
Q1 FY21 performance compared with Q1 FY20
 Revenue Rs. 410 crore as compared to Rs. 899 crore last year ,
 EBITDA Rs. 0.6 crore as compared to Rs. 47 crore last year,
 PBT Rs. -22 crore as compared to Rs. 29 crore last year,
 PAT Rs. -17 crore as compared to Rs 19 crore last year,
 EPS (Diluted) Rs. -2.21 as compared to Rs. 2.60 last year.

Key Highlights
 The Company’s operations in the quarter gone by were impacted due to lockdowns and
disruptions across the country in the quarter gone by.
 The operations gradually resumed in a phased manner with requisite precautions and we
have as a result seen improvement of scale of performance on a month on month basis.
 Company has taken actions to reduce operating costs and fixed costs in the current
environment. Maintained Gross Margin % at the same level as Q1 F20
 Despite the environment, we went live with several customers during the quarter. Our
warehouse space under management increase by 0.25 million square feet.
 Company has ensure effective working capital and cash flow management resulting in
positive free cash generation in Q1 F21