Mahindra Logistics on Monday reported
40.86 per cent decline in consolidated net profit at Rs 11.20 crore for the quarter ended September 30, 2019 due to decline in income.
The logistics company had clocked a profit of Rs 18.94 crore in the year-ago period, according to a BSE filing.
Total income declined to Rs 854.27 crore during the quarter under review as against Rs 928.64 crore in the same period a year ago.
Total expenses declined to Rs 836.50 crore during the quarter as against Rs 899.33 crore in the year-ago period.
Shares of Mahindra Logistics settled at Rs 369.65 apiece, down 2.90 per cent on the BSE.
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