Shares of Mahindra Logistics opened 5% below and close to its 52-week low on 25 October after the company reported its July-September quarterly report.

The company posted a net loss of Rs 15 crore for the quarter under review, against Rs 11.9 crore net profit reported in the same quarter of the previous fiscal year.

The company’s revenue from operations saw a 3% year-on-year (YoY) increase to Rs 1,364.8 crore for Q2 from Rs 1,326.3 crore reported in Q2FY24.

On the operational front, the EBITDA of the company dropped by 20.7% YoY to Rs 53.6 crore against Rs 67.6 crore in the corresponding period of the preceding fiscal, whereas the EBITDA margins of the company for the quarter was at 4%, shrinking by 110 basis points from the year-ago quarter.

In its investor presentation, the company said, “The overall logistics industry is well poised, driven by the long-term focus on infrastructure, manufacturing, consumption growth, and positive regulatory trajectory.”

They further added, “With the upcoming festive season, we hope to see a positive demand uptick and we remain focused on accelerating margins driven.”

In the last five training sessions, the shares of the company have fallen over 7%, and since the beginning of the year, the shares of the company have plummeted 27%.

At 11:33 am, the shares of Mahindra Logistics were trading 1.45% below at Rs 363.60 on NSE.