Q4 2024 Mahindra Logistics Ltd Earnings Call Transcript
Key Points
- Mahindra Logistics Ltd (BOM:540768) reported a 14% year-on-year increase in revenue for Q4 FY24, reaching INR1,451 crore.
- The company's third-party logistics business had a strong order intake with an annual contract value of over INR100 crore.
- The mobility segment showed strong growth in B2C, driven by increased travel and seasonal vacations.
- The launch of the LOGIONE technology platform continues to make progress, enhancing operational efficiencies.
- The company achieved over 27 million green kilometers across its electric vehicle fleet and 3.6 million square feet of renewable power warehousing.
- The farm segment continues to be sluggish with weakening lead indicators and a soft short-term outlook.
- E-commerce has been a challenging end market for the last three quarters, despite a recent uptick in order intake.
- The gross margin on a fully consolidated basis stood at 9.4% in Q4 FY24, down from 10.2% in Q4 FY23.
- The company reported a consolidated PAT loss of INR12.8 crore for Q4 FY24, although this was an improvement from the previous quarter.
- The Express business continues to face challenges, with a PAT loss of INR24.9 crore for the quarter, despite some improvement.
Gentlemen, good day and welcome to the Mahindra Logistics Limited Q4 FY24 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Shogun Jain from SGA for the disclaimer. Thank you, and over to you, sir.
Thank you, [Rio]. Good evening, everyone and thank you for joining us on the Mahindra Logistics Limited Q4 and FY24 earnings conference call. We have with us Mr. Rampraveen Swaminathan, MD and CEO; Mr. Saurabh Taneja, our CFO; and the senior management team of the company. I hope everyone has had a chance to view our financial results and investor presentation posted on the company's website and stock exchanges. We will begin the call with opening remarks from the management, followed by an open forum for Q&A.
Before we begin, I'd like to point out that some of the statements made during today's call may be forward-looking. A disclaimer to that effect was included in the earnings
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