MAHLOG2023-10-012023-12-31 MAHLOG2023-10-012023-12-31 MAHLOG2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member MAHLOG2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member MAHLOG2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member MAHLOG2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member MAHLOG2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 540768 MAHLOG NOTLISTED Mahindra Logistics Limited Equity 2023-04-01 2024-03-31 2024-01-29 2024-01-19 INR Crores Third quarter 13:53:00 17:14:00 2024-01-29 2024-01-29 Not applicable Single segment Supply Chain Management 2023-10-01 2023-12-31 Unaudited Standalone 11600800000.00 17700000.00 11618500000.00 200000.00 0.00 0.00 763000000.00 101700000.00 440200000.00 10125000000.00 11430100000.00 188400000.00 100000.00 188500000.00 57200000.00 6200000.00 63400000.00 0.00 125100000.00 0.00 0.00 0.00 0.00 125100000.00 -700000.00 124400000.00 0.00 0.00 720400000.00 10 1.74 1.73 0.00 0.00 1.74 1.73 1. The Unaudited Standalone Financial Results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective Meetings held on 29th January, 2024. In compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ), limited review of the above results has been carried out by the statutory auditors of the Company. 2. The Unaudited Standalone Financial Results have been prepared and published in accordance with the Indian Accounting Standards, Section 133 of the Companies Act, 2013 read with Rules framed thereunder and Regulation 33 of SEBI Listing Regulations, as amended from time to time. 3. Consequent to sale / transfer of the Enterprise Mobility business to MLL Mobility Private Limited effective 1st October, 2022, the Company operates in a single segment i.e. Supply Chain Management. 4. During the quarter ended 31st December, 2023 the Company has granted 66,329 Restricted Stock Units (RSUs) under the Mahindra Logistics Employee Restricted Stock Unit Plan 2018. 5. Pursuant to the approval granted by the Investment Committee of the Board of Directors of the Company, at its meeting held on 20th December 2023, the Company had entered into a Share Purchase Agreement (“Agreement”) with Transtech Logistics Private Limited (“TLPL”) an associate of the Company and the Promoters of TLPL, for sale/transfer of the 39.79% stake held by the Company in TLPL i.e., 100 equity shares of Rs. 10 each and 65,988 Compulsorily Convertible Preference Shares of Rs. 50 each, for a consideration of Rs. 0.01 crores to be discharged by the Promoters of TLPL in cash to the Company. Pursuant to this, TLPL ceased to be an associate of the Company effective 20th December 2023. The Company has recognised gain of Rs. 0.01 crores as an 'exceptional item' in the results. 6. On 28th February 2022, pursuant to the approval granted by the Investment Committee of the Board of Directors, the Company had entered into Share Purchase Agreement, Share Subscription Agreement and Shareholders’ Agreement for acquisition of up to 43,972 equity shares and for subscribing up to 63,200 Series A Compulsorily Convertible Cumulative Preference Shares (“CCCPS”) of Zipzap Logistics Private Limited (“Whizzard”), in tranches, which would result in the Company holding in aggregate up to 60% of Share Capital of Whizzard, on a fully diluted basis, upon completion (“Transaction”). In terms of the above-mentioned Transaction Agreements, on 22nd December 2023, the Company further acquired 22,645 equity shares and subscribed to 31,600 CCCPS, which taken together with the previous holding of the Company constitutes 60% of the Share Capital of Whizzard, on a fully diluted basis. Consequently, Whizzard had become the subsidiary of the Company with effect from 22nd December 2023. 7. Figures for the corresponding previous periods have been regrouped / reclassified wherever necessary to facilitate comparison. Single segment 2023-04-01 2023-12-31 Unaudited Standalone 33466300000.00 112700000.00 33579000000.00 4100000.00 0.00 0.00 2205800000.00 326000000.00 1331300000.00 28971700000.00 32838900000.00 740100000.00 15100000.00 755200000.00 218400000.00 -4400000.00 214000000.00 0.00 541200000.00 0.00 0.00 0.00 0.00 541200000.00 -2000000.00 539200000.00 0.00 0.00 720400000.00 10 7.51 7.49 0.00 0.00 7.51 7.49 Operating Expenses 9851700000.00 Other expenses 273300000.00 Operating Expenses 28199900000.00 Other expenses 771800000.00 -900000.00 -2700000.00 -200000.00 -700000.00 0.00 0.00