Mahindra Logistics shines despite reporting 10% fall in Q4 consolidated net profit
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Mahindra Logistics is currently trading at Rs. 522.35, up by 47.40 points or 9.98% from its previous closing of Rs. 474.95 on the BSE.
The scrip opened at Rs. 481.55 and has touched a high and low of Rs. 532.90 and Rs. 476.95 respectively. So far 47896 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 819.15 on 30-Aug-2021 and a 52 week low of Rs. 395.65 on 28-Feb-2022.
Last one week high and low of the scrip stood at Rs. 532.90 and Rs. 468.55 respectively. The current market cap of the company is Rs. 3746.41 crore.
The promoters holding in the company stood at 58.18%, while Institutions and Non-Institutions held 32.52% and 9.30% respectively.
Mahindra Logistics has reported results for fourth quarter and year ended March 31, 2022.
The company has reported a rise of 21.16% in its net profit at Rs 10.25 crore for the quarter under review as compared to Rs 8.46 crore for the same quarter in the previous year. Total income of the company increased by 10.12% at Rs 965.71 crore for Q4FY22 as compared Rs 876.99 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported fall of 10.48% in its net profit at Rs 11.11 crore for the quarter under review as compared to Rs 12.41 crore for the same quarter in the previous year. However, total income of the company increased by 10.19% at Rs 1078.37 crore for Q4FY22 as compared Rs 978.65 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a rise of 1.87% in its net profit at Rs 24.44 crore as compared to Rs 23.99 crore for the previous year. Total income of the company increased by 22.39% at Rs 3640.64 crore for year under review as compared to Rs 2974.61 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 18.47% in its net profit at Rs 34.57 crore as compared to Rs 29.18 crore for the previous year. Total income of the company increased by 24.81% at Rs 4095.22 crore for year under review as compared to Rs 3281.19 crore for year ended March 31, 2021.
