08-01-2022 10:45 AM | Source: Accord Fintech
Mahindra Logistics shines on reporting 4-fold jump in Q1 consolidated net profit
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Mahindra Logistics is currently trading at Rs. 473.65, up by 8.35 points or 1.79% from its previous closing of Rs. 465.30 on the BSE.

The scrip opened at Rs. 465.00 and has touched a high and low of Rs. 476.75 and Rs. 465.00 respectively. So far 1449 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. 492.30 and Rs. 460.75 respectively. The current market cap of the company is Rs. 3348.11 crore.

The promoters holding in the company stood at 58.12%, while Institutions and Non-Institutions held 33.57% and 8.31% respectively.

Mahindra Logistics has reported 2-fold jump in its net profit at Rs 14.06 crore for the quarter ended June 30, 2022 as compared to Rs 6.04 crore for the same quarter in the previous year. Total income of the company increased by 37.92% at Rs 1071.07 crore for Q1FY23 as compared Rs 776.59 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 4-fold jump in its net profit at Rs 13.52 crore for the quarter under review as compared to Rs 3.29 crore for the same quarter in the previous year. Total income of the company increased by 35.89% at Rs 1202.99 crore for Q1FY23 as compared Rs 885.28 crore for the corresponding quarter previous year.