The quarter ended June 30, 2023, saw Mahindra Logistics report a net loss of Rs 8.30 crore, compared to a net profit of Rs 13.64 crore in the same period last year. Despite a 7.78 percent YoY rise in revenue, the supply chain management segment experienced a significant 97 percent YoY profit decline. Analysts attribute the muted quarter to slowing network expansion in e-commerce and consumer markets.
The quarter ended June 30, 2023, saw Mahindra Logistics report a net loss of Rs 8.30 crore, compared to a net profit of Rs 13.64 crore in the same period last year. Despite a 7.78 percent YoY rise in revenue, the supply chain management segment experienced a significant 97 percent YoY profit decline. Analysts attribute the muted quarter to slowing network expansion in e-commerce and consumer markets. The quarter ended June 30, 2023, saw Mahindra Logistics report a net loss of Rs 8.30 crore, compared to a net profit of Rs 13.64 crore in the same period last year. Despite a 7.78 percent YoY rise in revenue, the supply chain management segment experienced a significant 97 percent YoY profit decline. Analysts attribute the muted quarter to slowing network expansion in e-commerce and consumer markets. Moneycontrol Latest News Read More
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