Mahindra Logistics

Mahindra Logistics Ltd. (MLL) has expanded its presence in Northeast India by inaugurating two state-of-the-art warehousing facilities in Guwahati and Agartala. This addition of over 4 lakh square feet of warehousing capacity is part of MLL's 'Go East' strategy, aimed at strengthening its logistics and distribution network in Eastern India. The Guwahati facility, spanning 3 lakh square feet, is the largest Grade-A multi-client warehouse in the region and houses the first Community Centre of Excellence in partnership with the Logistics Skill Council.

Mahindra Logistics Ltd (MLL) reported a robust 67% year-on-year increase in standalone net profit for the final quarter of FY 2023–24, reaching Rs. 13.12 crore, driven by improved performance across third-party logistics (3PL), express delivery, and freight forwarding segments. Quarterly revenue rose to Rs. 1,293 crore, up from Rs. 1,183 crore a year earlier. Despite a 30% decline in full-year PAT, revenue for the fiscal rose 10% to Rs. 5,013 crore.