Mahindra Logistics (NSE:MAHLOG, BOM:540768) narrowed its consolidated attributable loss to 67.5 million Indian rupees in the fiscal fourth quarter ended March 31 against a loss of 128.5 million rupees a year ago.
Loss per share contracted to 0.93 rupees compared with the year-ago loss per share of 1.78 rupees, according to a Monday filing by the logistics company.
Revenue from operations in fiscal Q4 increased to 15.7 billion rupees from 14.5 billion rupees a year earlier.
The company's board recommended a dividend of 2.50 per share.
The company's shares were up over 4% in recent trade.
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