Page 3 - Mahindra Logistics

Bajaj Electricals, Mahindra Logistics ink Rs 1,000 crore outsourcing deal

Involves end-to-end redesign of Bajaj Electricals' logistics by Mahindra, with the twin aim of achieving enhanced and industry-best service levels, and cost saving of over 25%

Mahindra Logistics to soon deploy electric vehicles for last-mile delivery

Mahindra Logistics is on an ambitious growth path with a target of achieving Rs 10,000-crore revenue by FY26

Covid-19 vaccine: Don't rush to buy all logistics stocks, say analysts

Vaccine storage and transportation being a niche segment will not benefit all logistics and transportation companies, analysts say

Mahindra Logistics Q2 consolidated profit up 31% to Rs 15 crore

Mahindra Logistics on Friday reported a 31.41 per cent jump in its consolidated profit to Rs 14.85 crore for the quarter ended September. The logistics arm of the Mahindra Group had clocked a consolidated profit after tax of Rs 11.30 crore during the second quarter of the previous fiscal, the company said in a BSE filing. Its total income fell to Rs 840.76 crore during the quarter under review as against Rs 854.27 crore in the year-ago period, it said. Its total expenses declined to Rs 820.52 crore during the July-September quarter of the fiscal as against Rs 836.50 crore in the year-ago period. "We have seen a strong rebound in our supply chain operations during the quarter. Our fulfilment logistics solutions & services continued to witness strong growth driven by e-commerce, pharma and FMCG verticals. We also continued to see strong growth from the Farm segment during the quarter. "While we are not yet completely back to normalcy since the advent of COVID-19 pandemic, our focus

Mahindra Logistics adds over 10,000 seasonal jobs ahead of festive season

Mahindra Logistics on Monday said it has added 10,100 seasonal jobs ahead of the festive season and will retain a significant number of these employees

Adani Ports, Mishra Dhatu: 27 stocks set to gain after conquering 200-DMA

The benchmark indices, Nifty 50 and S&P BSE Sensex, have also rebounded from their respective 200-DMA lows.

Amid Covid-19, Mahindra Logistics plans third-party foray with Alyte

The company hopes to have 30 per cent green and sustainable vehicles in its fleet in the next 3 years or by FY23-24

Lockdown: Mahindra Logistics to provide relief-fund to drivers

The initiative named HOPE (Helping Our People during Emergencies), aims to support drivers financially to aid the battle against the COVID-19 lockdown

Mahindra Logistics eyes acquisitions in SE Asia to strengthen freight wing

In 2014, Mahindra Logistics had acquired a majority stake in Mumbai-based Lords Freight India, which specialises in international logistics solutions

Mahindra Logistics to add 500,000 sq feet warehousing space by end of FY19

Mahindra Logistics, part of Mahindra Group, is planning to add around 5,00,000 square feet of warehousing space by the end of the current fiscal as part of its expansion in the country. The company would look at investing in start ups in the technology and analytics space in order to support its growth, said Pirojshaw Sarkari, CEO, Mahindra Logistics Ltd.The plans include expansion in South India, including in cities like Chennai adding two more warehouses to the existing three, focusing on automotive and manufacturing sector. In Chennai, it will add 200,000 square feet before the end of the current fiscal."Bengaluru and Hyderabad are the two other areas where we will be setting up our warehouses in South India. We are looking at adding about half a million square feet before March 31, 2019," said Sarkari. He later said that the plans are to add around one million square feet in total in the next one year. It will be focusing on the high margin businesses of warehousing and ...

Mahindra Logistics stock: Shift to organised segment should boost revenues

Significant opportunity exists for the company to penetrate the passenger transport segment, dominated by unorganised players

Mahindra Logistics ends flat on debut

In intra-day trade, it hit a high of Rs 434 and a low of Rs 416 on the National Stock Exchange

Mahindra Logistics shares fall 2.1% on market debut

By 0433 GMT, shares in the company were trading at 425.55 rupees on the National Stock Exchange, down 0.80 percent versus its issue price of 429 rupees.

We are firming up cold chain logistics strategy: Mahindra Logistics

Mahindra Logistics CEO Pirojshaw Sarkari talks their wait for the development of inland waterways