Mahindra Logistics Q2 profit falls 41 pc to Rs 11 cr

Mahindra Logistics on Monday reported a 40.86 percent decline in consolidated net profit at Rs 11.20 crore for the quarter ended September 30, 2019, due to the decline in income. The logistics company had clocked a profit of Rs 18.94 crore in the year-ago period, according to a BSE filing.

Total income declined to Rs 854.27 crore during the quarter under review as against Rs 928.64 crore in the same period a year ago. Total expenses declined to Rs 836.50 crore during the quarter as against Rs 899.33 crore in the year-ago period.

Shares of Mahindra Logistics settled at Rs 369.65 apiece, down 2.90 percent on the BSE.