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