Latest News
-
Multibagger Energy Stock To Reward Shareholders With 3 Bonus Shares, Hits 52-Week High -
Massive Rs 33/Sh Dividend By Larsen's IT Stock, 1650% Payout Soon; LTTS Earns Profit Of Rs 341 Crore In Q4 -
Rs 7.50/Share Dividend: Adani Group Cement Company Reports Strong Q4 Results; Profit Surges 2x YoY -
Closing Bell: Market Rebounds To End With Gains For 5th Straight Day; Sensex & Nifty Soar Led By Banks -
Gold Prices Ayodhya: In Ram-Janma-Bhumi, 24carat Falls By Rs 380 In 10-Grams, Drops By Rs 3,800 In 100-gram -
Penny Stock Hits 2nd Upper Circuit After Declaring Earnings, Gains 14% In 1-Week -
Rs 8.50/Share Dividend Recommended: Nestle India Reports 27% YoY Jump In Profit -
0.50% Dividend Yield: Midcap Cement Stock Slumps 10% Following Weak Q4 Results; Profit Down 48% YoY -
1:10 Split, Rs 147/Share Dividend: FMCG Major Likely To Report Profit Growth; Buy Or Sell? -
Mark Zuckerberg's Meta Reports Record Q1 Profit Surge, Projects AI Investments This Year; Stock Slumps
Mahindra Logistics Net Profits Drop; Shares Down
Shares in Mahindra Logistics Dropped 1 per cent, following a drop in net profits. The company reported standalone net profit of Rs 15.77 crore for the quarter ended December 31, 2019 as compared to Rs 19.15 crore in the same period last year, registering a year-on-year decline of 17.65 per cent.
Net revenue of the company declined moderately by 8.61 per cent at Rs 858.01 crore in October-December quarter of this fiscal as against Rs 938.82 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 9.70 per cent to Rs 817.67 crore from Rs 905.54 crore in year ago period.
Other Income grew by 6.29 per cent at Rs 1.52 crore versus (Dec'18 Rs 1.43 crore).
Operating Profit surged by 21.21 per cent to Rs 40.34 crore as against Rs 33.28 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 32.77 per cent in December quarter.
