Mahindra Logistics announced Q3FY23 results: Q3FY23 vs Q3FY22: Revenue Rs 1,330 crore as compared to Rs 1,136 crore EBITDA Rs 68 crore as compared to Rs 48 crore PBT Rs 4 crore as compared to Rs 3 crore PAT Rs 1 crore as compared to Rs 1 crore EPS (Diluted) Rs 0.19 as compared to Rs 0.25 9MFY23 vs 9MFY22: Revenue Rs 3,856 crore as compared to Rs 3,052 crore EBITDA Rs 208 crore as compared to Rs 140 crore PBT Rs 39 crore as compared to Rs 17 crore PAT Rs 26 crore compared to Rs 9 crore EPS (Diluted) Rs 3.75 as compared to Rs 1.41 Commenting on the performance, Mr. Rampraveen Swaminathan, Managing Director and CEO of Mahindra Logistics Ltd. said, “In Q3F23, we consolidated our performance across integrated logistics portfolio. Revenue grew by 17% with a 42% YoY increase in EBITDA. Growth was driven for services and solutions by the Automotive & manufacturing segments continued their growth trajectory, while the consumer and e-commerce businesses did witness a softer demand environment. Freight Forwarding faced significant headwinds with rates dropping significantly in the near past. Our 3PL business continues to have traction in margin improvement and cost optimisation and we continued our focus on the cost of delivery and overhead optimisations which has led to improved Gross Margins and profitability matrices We are excited about the acquisition of Rivigo’s B2B express business, which was closed in November 2022. The acquisition is making positive progress on customer value creation and cost optimization. The acquisition further enhances our technology portfolio for integrated logistics.” Result PDF