MAHLOG

March 5 (Reuters) - Mahindra Logistics Ltd MALO.NS:

• MAHINDRA LOGISTICS LTD - APPROVES INVESTMENT IN SUBSIDIARY MESPL UP TO 350 MILLION RUPEES

• MAHINDRA LOGISTICS - INVESTMENT VIA SUBSCRIPTION TO RIGHTS ISSUE OF MLL EXPRESS SERVICES SHARES

Source text: ID:nBSE9fJ7jD

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Feb 6 (Reuters) - Mahindra Logistics Ltd MALO.NS:

• MAHINDRA LOGISTICS LTD - PARTNERS WITH ASIAN PAINTS FOR TRANSPORTATION SOLUTIONS

Source text: ID:nNSE1GJ75b

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Jan 27 (Reuters) - Mahindra Logistics Ltd MALO.NS:

• MAHINDRA LOGISTICS Q3 CONSOL NET LOSS AFTER TAX 90.3 MILLION RUPEES

• MAHINDRA LOGISTICS Q3 CONSOL REVENUE FROM OPERATIONS 15.94 BILLION RUPEES; IBES EST. 15.59 BILLION RUPEES

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** Shares of Mahindra Logistics MALO.NS decline 4.5% to 469.55 rupees

** Logistics arm of Mahindra Group reported a widened Q2 loss as freight and warehousing costs surged

** Stock also down amid losses in broader markets, with Nifty 50 .NSEI down 0.6% .BO

** Analysts' avg rating on stock is "Sell", while peers Delhivery DELH.NS and VRL Logistics VRLL.NS are rated "Buy" - LSEG data

** Median PT on MALO is 480 rupees, a 2.3% discount on last close

** MALO has risen ~21% YTD, while DELH and VRLL are down ~4% and ~28%, respectively

(Reporting by Manvi Pant in Bengaluru)

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Oct 21 (Reuters) - Mahindra Logistics Ltd MALO.NS:

• MAHINDRA LOGISTICS Q2 CONSOL NET LOSS AFTER TAX 107.5 MILLION RUPEES

• MAHINDRA LOGISTICS Q2 CONSOL REVENUE FROM OPERATIONS 15.21 BILLION RUPEES

Source text for Eikon: ID:nnAZN2GV48E

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** Shares of logistics services provider Blue Dart BLDT.NS rise 3.8% to 8,522 rupees in early trading

** Co on Monday said it will increase prices for its services starting Jan. 1, 2025

** Avg price increase in range of 9%-12%, depending on product variabilities, it said

** Analysts, on avg, rate BLDT close to equivalent of 'hold' vs a 'sell' on Mahindra Logistics MALO.NS and 'buy' on Delhivery DELH.NS - LSEG data

** Median PT on BLDT is 7,900 rupees

** BLDT up 15% so far this year, vs 29% and 10% rise in MALO and DELH, respectively

(Reporting by Ashna Teresa Britto in Bengaluru)

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July 22 (Reuters) - Mahindra Logistics Ltd MALO.NS:

• Q1 CONSOL NET LOSS AFTER TAX 93.2 MILLION RUPEES

• Q1 CONSOL REVENUE FROM OPERATIONS 14.2 BILLION RUPEES

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April 22 (Reuters) - Mahindra Logistics Ltd MALO.NS:

• DIVIDEND 2.5 RUPEES PER SHARE

• RE-APPOINTMENT OF RAMPRAVEEN SWAMINATHAN AS MANAGING DIRECTOR, CHIEF EXECUTIVE OFFICER

Source text for Eikon: ID:nBSE4pH5z

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Feb 29 (Reuters) - Mahindra Logistics Ltd MALO.NS:

• EXPANDS ITS FULFILMENT OPERATIONS IN WEST BENGAL

• INTRODUCES THIRD FULFILMENT CENTRE IN MALDA

Source text for Eikon: ID:nNSEbzbSmP

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Feb 2 (Reuters) - Indian logistics firm Delhivery DELH.NS posted its first-ever quarterly profit since listing on Friday, helped by healthy demand for online shopping during the festive season.

Consolidated profit for the three months ended Dec. 31 was 117.1 million rupees ($1.41 million) compared with a loss of 1.96 billion rupees a year earlier, the company said in an exchange filing.

"We are satisfied that network quality remained robust even through the peak season," said Sahil Barua, MD & CEO of the Gurugram-based company.

Analysts had said the company, which delivers orders for Amazon AMZN.O and Walmart WMT.N-owned Flipkart, would achieve profit after tax break-even by the second half of fiscal year 2025.

Revenue from the company's express parcel services, which contributes more than half to the total, climbed 21% year-on-year.

The company, which also operates the Part Truckload and Truckload businesses, saw its total income rise 21% to 23.25 billion rupees.

Total expenses were up 7.7%, with freight, handling and servicing costs jumping 11.5%.

Rival Blue Dart Express BLDT.NS reported a marginal rise in quarterly profit last week, driven by a recovery in demand during the festive season.

Delhivery also approved a scheme of amalgamation for the merger of its units Spoton Logistics and Spoton Supply Chain Solutions into and with the company.

Shares of Delhivery closed 0.9% up ahead of the results.

($1 = 82.8870 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru;Editing by Sohini Goswami)

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** Shares of Mahindra Logistics MALO.NS drop 7.2% to 406.25 rupees, set for worst day since Feb 2022

** MALO reports fourth straight quarterly loss, as a 6% climb in total expenses outpaced a 5% rise in revenue

** Analysts' avg rating on stock is 'hold', median price target is 390 rupees - LSEG data

** Stock on track to snap three-sessions winning run, during which it climbed 5%

** Still, MALO is up just under 6% YTD, after a near 23% decline in 2023

(Reporting by Rama Venkat in Bengaluru)

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BENGALURU, Jan 29 (Reuters) - Indian freight operating company Mahindra Logistics MALO.NS reported a loss for a fourth straight quarter, hurt by mounting costs and a persistent decline in its express cargo business amid stiff competition.

The logistics arm of the tech-to-tractor conglomerate Mahindra Group posted a consolidated net loss after tax of 174.1 million rupees ($2.1 million) in the quarter ended Dec. 31, compared with a profit of 13.9 million rupees a year ago.

During the quarter, a 6% jump in total expenses to 14.13 billion rupees outweighed a 5% rise in revenue to 13.97 billion rupees.

"Q3 FY24 was a period of moderate demand. Continuing growth in engineering and FMCG segments were offset by slow growth in other markets," CEO and Managing Director Rampraveen Swaminathan said in a statement.

The company's profitability has been hit by intensive competition from international and domestic players in the previous quarters as well.

Persistent losses in the express cargo business Rivigo, which was acquired in 2022, also weighed on Mahindra Logistics' profit.

Festive season volume growth was offset by lower volumes due to increased shutdowns in e-commerce and some automotive original equipment manufacturers, CEO Swaminathan said.

Mahindra Logistics incurred a 99.4-million-rupees loss from its mainstay segment of supply chain management during the reported quarter.

The company competes with firms such as Delhivery DELH.NS, which has yet to report earnings for the December quarter, while peers like Blue Dart Express BLDT.NS have reported a marginal increase in quarterly profit after four quarters of losses.

Shares of Mahindra Logistics closed 1% higher ahead of results.

($1 = 83.1050 Indian rupees)

(Reporting by Manvi Pant and Hritam Mukherjee in Bengaluru; Editing by Eileen Soreng and Mrigank Dhaniwala)

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Jan 26 (Reuters) - Mahindra Logistics Ltd MALO.NS:

• EXPANSION OF ITS MULTI-CLIENT WAREHOUSING CAPACITY IN MAHARASHTRA

• CO, ALONG WITH PARTNERS, PLANS TO INVEST 1 BILLION RUPEES FOR ESTABLISHMENT OF NEW FACILITIES

• NEW FACILITY SCHEDULED TO BECOME OPERATIONAL BY END OF Q3 2024

Source text for Eikon: ID:nBSE3zc1xv

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Dec 19 (Reuters) - Mahindra Logistics Ltd MALO.NS:

• RECEIVES ORDERS FROM OFFICE OF THE DEPUTY COMMISSIONER – 1 ST (ASSESSMENT), STATE TAX, UTTARAKHAND

• IMPOSED PENALTY OF 721,092 RUPEES WITH RESPECT TO GST ASSESSMENT FOR PERIOD FROM JULY 2017 TO MARCH 2018

• IMPOSED PENALTY OF 467,330 RUPEES WITH RESPECT TO GST ASSESSMENT FOR PERIOD FROM APRIL 2018 TO MARCH 2019

Source text for Eikon: ID:nBSE99QbS7

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** Festive season could boost earnings for most of the Indian logistics companies in Q3 after a mixed Q2, ICICI Securities said in a note

** Says weakness in export-import (EXIM) volume and EXIM imbalance remain key concerns, though the demand scenario is improving for companies

** We are now more positive on the industry as margins have seemingly troughed for most of the companies - ICICI Securities

** Believes worst is over for Container Corp CCRI.NS and Blue Dart Express BLDT.NS in terms of margins

** Says VRL Logistics VRLL.NS and TCI Express TCIE.NS have cheaper valuations and better prospects

** BLDT, CCRI down 1% and 0.7%, respectively; VRLL dips 0.4%, TCIE mostly flat

(Reporting by Sethuraman NR in Bengaluru)

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Nov 3 (Reuters) - Mahindra Logistics Ltd MALO.NS:

• GOT ORDER IMPOSING PENALTY UNDER GST LAWS IN CONTENTION THAT EXCESS/ INCORRECT INPUT TAX CREDIT WAS CLAIMED BY CO

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** Shares of Mahindra Logistics MALO.NS down 4% at 353.10 rupees

** Logistics arm of Mahindra Group posts third straight quarterly loss after tax

** Q2 consol loss at 159.3 mln rupees ($1.92 mln) vs profit of 121.9 mln rupees a year ago

** Weak operating performance has lead to overall miss -Motilal Oswal

** More than 300,000 shares change hands by 9:51 a.m. IST 1.1x 30-day avg of 268,000 shares

** Five of 10 analysts covering stock have "buy" or "strong buy" rating, two have "hold" while three rate it "sell" or "strong sell"; median PT is 412.5 rupees - LSEG data

** Stock extends YTD losses to ~30%

($1 = 83.0360 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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Oct 23 (Reuters) - Mahindra Logistics Ltd MALO.NS:

• SEPT-QUARTER CONSOL NET LOSS AFTER TAX 159.3 MILLION RUPEES VERSUS PROFIT 121.9 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 13.65 BILLION RUPEES VERSUS 13.26 BILLION RUPEES

Source text for Eikon: ID:nBSE60YlYH

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Sept 1 (Reuters) - Mahindra Logistics Ltd MALO.NS:

• MAHINDRA LOGISTICS AND FLIPKART COLLABORATE FOR INTEGRATED LINE HAUL SOLUTIONS

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Aug 30 (Reuters) - Mahindra Logistics Ltd MALO.NS:

• MAHINDRA LOGISTICS LTD- APPROVED APPOINTMENT OF SAURABH TANEJA AS CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSE61v8t1

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BENGALURU, Aug 4 (Reuters) - Indian logistics firm Delhivery DELH.NS on Friday reported a narrower quarterly loss helped by a rebound in demand for online shopping and lower operational costs.

Consolidated net loss for the first quarter ended June 30 shrank to 894.8 million rupees ($10.82 million) from 3.99 billion rupees a year ago.

A slight cooling in inflation in the months of April and May and increased economic activity in the country has revived some discretionary spending like online shopping, while lower fuel costs helped bring down the company's total expenses by 3% to 21.30 billion rupees.

Delhivery counts companies like Amazon AMZN.O and Walmart-owned WMT.N Flipkart among its chief clients.

Total income, including its revenue from contracts with customers, rose 13.2% to 20.31 billion rupees.

Analysts at brokerage Emkay Research said last month growing demand for app-based shopping and government policies to reduce inefficiencies in logistics will allow India's e-commerce shipments market to at least double by the fiscal 2026, helping companies like Delhivery.

Revenue from Delhivery's mainstay express parcel services grew 14% year-on-year, the company said in a statement.

Last month, rival Blue Dart Express BLDT.NS reported a drop in quarterly profit while Mahindra Logistics MALO.NS also posted a quarterly loss hurt by higher costs.

Shares of Delhivery closed 5.7% up on Friday ahead of the results, after a nearly 15% rise during the June-quarter.

($1 = 82.8300 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru; Editing by Nivedita Bhattacharjee)

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July 27 (Reuters) - Mahindra Logistics Ltd MALO.NS:

• APPROVED INVESTMENT IN SHARES OF MLL EXPRESS SERVICES

• COST OF ACQUISITION AT 300 MILLION RUPEES

Source text for Eikon: ID:nBSErnG6T

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** Shares of India's Mahindra Logistics MALO.NS down as much as 5.65% at 375.55 rupees - biggest intraday loss since Sept 26, 2022

** Freight carrier posts lowest level since July 13 after swinging to loss in first quarter

** About 314,956 shares traded by 11:27 a.m. IST, 0.8x the 30-day avg

** Six out of 11 analysts rate stock "buy" or higher, three suggest "hold", while two recommend "sell" or lower; median PT 412 rupees - Refinitiv data

** Including session's losses, stock down 25% so far

(Reporting by Hritam Mukherjee in Bengaluru)

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July 24 (Reuters) - Mahindra Logistics Ltd MALO.NS:

• JUNE-QUARTER CONSOL NET LOSS AFTER TAX 85.5 MILLION RUPEES VERSUS PROFIT 135.2 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 12.93 BILLION RUPEES VERSUS 12 BILLION RUPEES

Source text for Eikon: [ID:]

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** Mahindra Logistics MALO.NS falls for forth day in a row, last down ~1% at 371 rupees, slipping below 50-day moving avg

** Co posts its first loss in five qtrs in Q4 due to higher costs, weak demand

** Motilal Oswal notes higher depreciation, interest expenses amid muted growth in e-commerce

** Stock trading its 50-DMA (373.48 rupees) for first time since April 10; has been below 100- and 200-DMA since Feb. 1

** Trading vol 0.5x 30-day avg by 9:30 a.m. IST

** Six analysts rate MALO "buy" or "strong buy", 4 "hold" and 2 "sell"; median PT is 495 rupees - Refinitiv data

** Analysts' median PT is down ~8% in past three months, while the stock has dropped ~22% in that same time

(Reporting by Dimpal Gulwani in Bengaluru)

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April 24 (Reuters) - Mahindra Logistics Ltd MALO.NS:

• INDIA'S MAHINDRA LOGISTICS MARCH-QUARTER CONSOL NET LOSS AFTER TAX 8.2 MILLION RUPEES VERSUS PROFIT 74 MILLION RUPEES

• MAHINDRA LOGISTICS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 12.73 BILLION RUPEES VERSUS 10.89 BILLION RUPEES

• MAHINDRA LOGISTICS LTD - FINAL DIVIDEND OF 2.50 RUPEES PER EQUITY SHARE

Source text for Eikon: ID:nBSE76Snsm

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