MAHLOG2024-01-012024-03-31 MAHLOG2024-01-012024-03-31 MAHLOG2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member MAHLOG2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member MAHLOG2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member MAHLOG2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member MAHLOG2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 540768 MAHLOG NOTLISTED Mahindra Logistics Limited Equity 2023-04-01 2024-03-31 2024-04-22 2024-04-13 INR Crores Yearly 14:34:00 17:31:00 2024-04-22 2024-04-22 true Cash Flow Indirect Declaration of unmodified opinion Single segment Supply Chain Management 2024-01-01 2024-03-31 Audited Standalone 11832700000.00 20300000.00 11853000000.00 0.00 0.00 0.00 643600000.00 115100000.00 444100000.00 10549900000.00 11752700000.00 100300000.00 0.00 100300000.00 64300000.00 -42600000.00 21700000.00 0.00 78600000.00 0.00 0.00 0.00 0.00 78600000.00 8400000.00 87000000.00 0.00 0.00 720400000.00 10 1.09 1.09 0.00 0.00 1.09 1.09 1. The 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 22nd April, 2024. The statutory auditors have performed audit of the Standalone financial results for the year ended 31st March, 2024 and limited review of financial results for the quarter ended 31st March, 2024 and have issued an unmodified opinion. 2. The 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. On 29th January, 2024, the Company acquired 5,00,00,000 equity shares of Rs. 10 each fully paid pursuant to the rights offer made by MLL Express Services Private Limited amounting to Rs. 50 crores for cash consideration. 5. The Hon’ble National Company Law Tribunal, Mumbai Bench (“NCLT”) vide its order dated 7th March 2024 has sanctioned the Scheme of Merger by Absorption of V-Link Automotive Services Private Limited (“VASPL”) and V-Link Fleet Solutions Private Limited (“VFSPL”) (together referred to as “Transferor Companies”) with MLL Mobility Private Limited (“Transferee Company”, MMPL ) and their respective shareholders (“Scheme”) under the provisions of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (“Act”) read with the Rules framed thereunder. The above mentioned Transferor Companies as well as the Transferee Company are wholly owned subsidiaries of the Company. Consequent to the Scheme being effective w.e.f. 1st April, 2023 (The Appointed Date) (i) VASPL and VFSPL being the Transferor Companies stands dissolved and ceased to be the subsidiaries of the Company with effect from 28th March 2024; and (ii) MMPL being the Transferee Company, will discharge the consideration mentioned in the Scheme, by way of issuance and allotment of 1,79,470 equity shares of Rs. 10 each to the Company in lieu of its shareholding held in the Transferor Companies. MMPL continues to remain as a wholly owned subsidiary of the Company, post issuance and allotment of its equity shares to the Company, as mentioned above. 6. The figures of the last quarter ended 31st March, 2024 are the balancing figures between audited figures in respect of the full financial year and published year to-date figures upto the third quarter of the respective financial years and there are no material adjustments made in the results of the quarter ended 31st March, 2024 which pertain to earlier periods. These have been subjected to limited review by the auditors. 7. The Board has recommended a dividend of Rs. 2.50 per share on equity share of Rs. 10 each (25%) subject to approval of members of the company at the forthcoming Annual General Meeting. 8. Figures for the corresponding previous periods have been regrouped / reclassified wherever necessary to facilitate comparison. Single segment 2023-04-01 2024-03-31 Audited Standalone 45299000000.00 133000000.00 45432000000.00 4100000.00 0.00 0.00 2849400000.00 441100000.00 1775400000.00 39521600000.00 44591600000.00 840400000.00 15100000.00 855500000.00 282700000.00 -47000000.00 235700000.00 0.00 619800000.00 0.00 0.00 0.00 0.00 619800000.00 6400000.00 626200000.00 0.00 0.00 720400000.00 10 6034100000.00 8.60 8.58 0.00 0.00 8.60 8.58 Operating Expenses 10093900000.00 Other expenses 456000000.00 Operating Expenses 38293800000.00 Other expenses 1227800000.00 5219400000.00 3000000.00 0.00 0.00 69100000.00 0.00 0.00 0.00 3319900000.00 0.00 44000000.00 807200000.00 4171100000.00 286500000.00 290900000.00 10040000000.00 0.00 0.00 5089200000.00 153100000.00 200000.00 0.00 4276600000.00 9519100000.00 943500000.00 779800000.00 11242400000.00 0.00 0.00 21282400000.00 720400000.00 6034200000.00 6754600000.00 6754600000.00 0.00 0.00 2630200000.00 2630200000.00 139200000.00 0.00 0.00 49100000.00 2818500000.00 820000000.00 9328700000.00 1329400000.00 11478100000.00 153300000.00 41400000.00 36500000.00 0.00 11709300000.00 0.00 0.00 14527800000.00 21282400000.00 441100000.00 4100000.00 -961100000.00 0.00 0.00 0.00 0.00 0.00 0.00 424300000.00 0.00 0.00 0.00 1775400000.00 0.00 -1600000.00 0.00 0.00 0.00 0.00 0.00 46600000.00 24300000.00 -12900000.00 0.00 0.00 77300000.00 -49900000.00 0.00 1674400000.00 2529900000.00 0.00 0.00 0.00 39300000.00 0.00 2490600000.00 0.00 1163000000.00 0.00 0.00 100000.00 0.00 0.00 0.00 67100000.00 619100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10000000.00 0.00 675300000.00 0.00 -1029600000.00 0.00 0.00 0.00 0.00 0.00 0.00 100000.00 0.00 0.00 680000000.00 0.00 1500200000.00 180100000.00 94100000.00 0.00 0.00 -2454300000.00 -993300000.00 0.00 -993300000.00 1146400000.00 153100000.00 11600000.00 8900000.00 3200000.00 2500000.00