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Mahindra Logistics standalone net profit declines 57.63% in the March 2020 quarter

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Sales decline 22.94% to Rs 747.09 crore

Net profit of Mahindra Logistics declined 57.63% to Rs 9.69 crore in the quarter ended March 2020 as against Rs 22.87 crore during the previous quarter ended March 2019. Sales declined 22.94% to Rs 747.09 crore in the quarter ended March 2020 as against Rs 969.51 crore during the previous quarter ended March 2019.

For the full year,net profit declined 34.70% to Rs 55.14 crore in the year ended March 2020 as against Rs 84.44 crore during the previous year ended March 2019. Sales declined 11.04% to Rs 3260.90 crore in the year ended March 2020 as against Rs 3665.51 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales747.09969.51 -23 3260.903665.51 -11 OPM %4.643.76 -4.533.76 - PBDT33.3538.09 -12 146.64145.01 1 PBT13.1933.83 -61 80.69130.32 -38 NP9.6922.87 -58 55.1484.44 -35

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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. 19:27 IST
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