Mahindra Logistics Limited has informed the Exchange regarding Outcome of Board Meeting held on April 21, 2025.
MAHLOG · price
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Mahindra Logistics announced its FY25 audited results alongside a final dividend of Rs. 2.50 per share (25%) subject to AGM approval on July 21, 2025. Consolidated revenue from operations grew to Rs. 6,104.83 Cr in FY25 from Rs. 5,505.97 Cr in FY24, an increase of about 10.9%. However, the company reported a net loss of Rs. 30.00 Cr in FY25, narrower than the Rs. 53.09 Cr loss in FY24, with an exceptional item of Rs. 3.82 Cr. Statutory auditor Deloitte Haskins & Sells LLP issued an unmodified opinion. The Board accepted the resignation of MD & CEO Rampraveen Swaminathan effective May 4, 2025, and appointed Hemant Sikka, currently President of Mahindra & Mahindra's Farm Equipment Sector, as the new MD & CEO for a five-year term starting May 5, 2025.
Revenue growth and a narrower loss are positives, but the company remains loss-making at the bottom line. The leadership transition is a key change to watch, while the modest dividend and unmodified audit opinion provide steady, if unspectacular, signals for shareholders.