Mahindra Logistics Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 13,972.3 million compared to INR 13,295.5 million a year ago. Revenue was INR 13,994.9 million compared to INR 13,351.3 million a year ago. Net loss was INR 174.1 million compared to net income of INR 13.9 million a year ago. Basic loss per share from continuing operations was INR 2.42 compared to basic earnings per share from continuing operations of INR 0.19 a year ago. Diluted loss per share from continuing operations was INR 2.42 compared to diluted earnings per share from continuing operations of INR 0.19 a year ago.
For the nine months, sales was INR 40,552.1 million compared to INR 38,557.8 million a year ago. Revenue was INR 40,702.3 million compared to INR 38,678 million a year ago. Net loss was INR 418.9 million compared to net income of INR 271 million a year ago. Basic loss per share from continuing operations was INR 5.82 compared to basic earnings per share from continuing operations of INR 3.76 a year ago. Diluted loss per share from continuing operations was INR 5.82 compared to diluted earnings per share from continuing operations of INR 3.75 a year ago.