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Mahindra Logistics reports 62% jump in Q1 consolidated net profit

03 Aug 2018 Evaluate

Mahindra Logistics has reported results for first quarter ended June 30, 2018.

The company has reported a rise of 64.62% in its net profit of Rs 23.64 crore for the quarter under review as compared to Rs 14.36 crore for the same quarter in the previous year. Total income of the company increased by 8.36% at Rs 880.51 crore for Q1FY19 as compared Rs 812.61 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 62.23% in its net profit of Rs 24.01 crore for the quarter under review as compared to Rs 14.80 crore for the same quarter in the previous year. Total consolidated income of the company increased by 8.97% at Rs 931.07 crore for Q1FY19 as compared Rs 854.46 crore for the corresponding quarter previous year.

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