Articles for Mahindra Logistics

After slipping into the red, can Mahindra Logistics execute a U turn?
6 months, 1 week ago

After slipping into the red, can Mahindra Logistics execute a U turn?

Live Mint  

Bengaluru: In 2020, when the covid-19 pandemic set in, most industries took a hammering after the government imposed a nationwide lockdown. The Rivigo impedance View Full Image Mahindra Logistics’ losses in the B2B express segment, post the Rivigo acquisition, have dragged down the overall business. Before acquiring the B2B express unit of logistics unicorn Rivigo in November 2022 for ₹225 …

India Japanese Red Company Mahindra Crore Express
Mahindra Logistics Q2 Results: Net loss at ₹15 crore, revenue up 2.9%
1 year, 2 months ago

Mahindra Logistics Q2 Results: Net loss at ₹15 crore, revenue up 2.9%

Live Mint  

Mahindra Logistics on 23 October announced their quarterly results for September of FY 2023-24 and said that the firm attained a loss of ₹15.5 crore against the profit of ₹11.9 crore achieved in the same period in FY 2022-23. Though the revenue was up 2.9 percent at ₹1,364.8 crore in Q2FY24 in comparison to ₹1,326.3 crore in the same period …

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Mahindra Logistics: 3 reasons why the stock is ICICI Direct’s ‘high conviction idea’
1 year, 2 months ago

Mahindra Logistics: 3 reasons why the stock is ICICI Direct’s ‘high conviction idea’

Live Mint  

Brokerage house ICICI Direct has chosen Mahindra Logistics as its 'high conviction idea' for a period of 6-12 months. Although auto is expected to dominate the mix in the near to medium term, continued business addition in nonauto business and higher warehousing utilisation, along with cost-control measures are expected to keep MLL’s long-term ambitions intact, said the brokerage. However, synergies …

Business Logistics Icici Mll Mahindra Logistics Brokerage Mahindra
Sensex, Nifty end at new closing highs; Powergrid, HDFC twins shine
1 year, 6 months ago

Sensex, Nifty end at new closing highs; Powergrid, HDFC twins shine

Live Mint  

Share Market Today: Sensex registered a new all-time high of 63,588 and Nifty was just 12 points away from its all-time high before scaling back but still ended at record closings in today's session. EXIDE INDUSTRIES More Information Share Market Today: PSU Bank shines in the second half of today's session as most stocks in the index are trading higher …

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Anand Mahindra keeps his promise, hires quadruple amputee in his company's EV charging yard
2 years, 10 months ago

Anand Mahindra keeps his promise, hires quadruple amputee in his company's EV charging yard

Firstpost  

In December 2021, a video of the quadruple amputee driving a modified vehicle went viral. Anand Mahindra who shared the video on Twitter asked for the man’s whereabouts and promised to offer him a job at Mahindra Logistics In December last year, a video of a quadruple amputee driving a modified vehicle had caught the attention of industrialist Anand Mahindra. …

Video Mahindra Ram Twitter Charging Anand Mahindra Group
Mahindra Logistics acquires Meru Cabs
3 years, 1 month ago

Mahindra Logistics acquires Meru Cabs

India Today  

Mahindra Logistics Ltd announced its acquisition of Meru, taking over a 100 per cent equity share capital of Meru Mobility Tech Private Limited, V-Link Fleet Solutions Private Limited and V-Link Automotive Services Private Limited from Meru Travel Solutions Private Limited and a 100 per cent equity share capital of MTSPL from Mahindra & Mahindra Limited. The acquisition is a strategic …

Mahindra Ml Meru Mll Mahindra Logistics Services Private Enterprise Mobility
India’s warehousing boom is creating winners in unexpected corners
3 years, 8 months ago

India’s warehousing boom is creating winners in unexpected corners

Live Mint  

BENGALURU/NEW DELHI : Every day, Shiv Kumar sets out to work on his new Hero Splendor from Patherheri village in Haryana’s Gurugram district toward Tauru Road—a long stretch just off the National Highway 48. Surging demand from 3PL providers such as Mahindra Logistics, Ecom Express and other e-commerce operators has somewhat accelerated the decade-long transformation of warehouses from ‘godowns’ into …

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