Mahindra hopes express biz to turn profitable amid focus on cost efficiency

Q: How long will it take to read this news story?

The story "Mahindra hopes express biz to turn profitable amid focus on cost efficiency" has 510 words across 16 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Mahindra hopes express biz to turn profitable amid focus on cost efficiency" was covered 2 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 204 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23463636</li><li>URL: https://beamstart.com/news/mahindra-hopes-express-biz-to-17310004816553</li></ul>

Business Standard Logo Business Standard 2w ago

Mahindra hopes express biz to turn profitable amid focus on cost efficiency - Business Standard

Quick Summary:

The losses for the Express business were reduced by 32 per cent on a year-on-year basis, driven by continuous cost optimisation, while EBITDA losses came down by 10 per cent on a sequential basis, the company said.

Mahindra Group on Thursday said it is expecting its express business to turn profitable amid its focus on getting back volumes to achieve cost efficiency.

The group's arm Mahindra Logistics Ltd (MLL) acquired the B2B express business of Rivigo in September 2022 and brought it under the MLL Express Services.