Mahindra Logistics Ltd’s net profit declines by massive 65% to Rs 9.73 cr fro Q4FY20

New Delhi: Mahindra Logistics Ltd’s consolidated net profit declined by a massive 65 percent to Rs 9.73 crore for the fourth quarter of the 2019-20 fiscal  as compared to Rs 23.53 crore in the corresponding quarter of the previous fiscal.

The net sales of the company dropped by about 15 percent to Rs 814.87 crore for the fourth quarter of the 2019-20 fiscal as compared to Rs 1,016.59 crore in the corresponding quarter of the previous fiscal.

For the entire fiscal 2019-20, the net profit of the company declined by about 40 percent to Rs 55.12 crore as compared to Rs 85.64 crore in the previous fiscal. The net sales of the company for the whole of 2019-20 fiscal declined by about 11 percent at Rs 3,471.14 crore as compared to Rs 3,851.34 crore, the company said in a regulatory filing.    

 

menu
menu