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Mahindra Logistics consolidated net profit declines 58.65% in the March 2020 quarter

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Sales decline 20.00% to Rs 811.76 crore

Net profit of Mahindra Logistics declined 58.65% to Rs 9.73 crore in the quarter ended March 2020 as against Rs 23.53 crore during the previous quarter ended March 2019. Sales declined 20.00% to Rs 811.76 crore in the quarter ended March 2020 as against Rs 1014.68 crore during the previous quarter ended March 2019.

For the full year,net profit declined 35.64% to Rs 55.12 crore in the year ended March 2020 as against Rs 85.64 crore during the previous year ended March 2019. Sales declined 9.87% to Rs 3471.14 crore in the year ended March 2020 as against Rs 3851.34 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales811.761014.68 -20 3471.143851.34 -10 OPM %4.684.03 -4.563.93 - PBDT35.4641.75 -15 154.62155.39 0 PBT13.4335.70 -62 81.19133.44 -39 NP9.7323.53 -59 55.1285.64 -36

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 20 2020. 19:40 IST
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