💨 Abstract

Mahindra Logistics, an Indian logistics services provider, reported a smaller quarterly loss for Q3 ending Dec 31, 2022. The decrease was due to growth in its third-party logistics business and narrower losses in the express commerce segment. Despite ongoing competition and losses from a recent acquisition, the company's core contract business showed 14% growth due to demand for automotive and consumer goods. Express business losses also narrowed significantly.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖