ICICI Direct: Mahindra Logistics Posts Sharp QoQ Recovery, Beat Vis-A-Vis Freight Industry  
Mahindra Logistisc Ltd. auto outbound service. (Source: Company website)

ICICI Direct: Mahindra Logistics Posts Sharp QoQ Recovery, Beat Vis-A-Vis Freight Industry  

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Mahindra Logistics Ltd. doubled its revenues QoQ, which led to flat YoY growth in revenues at Rs 833 crore (E-way bill data normalised only in September).

On the segmental front, supply chain management (90% of FY20 revenues) grew 6% YoY to Rs 804 crore and people transport solutions segment (10% of revenues) de-grew 71% to Rs 29 crore.

PTS segment has been severely impacted owing to work from home policy adopted by corporates.

Warehousing segment saw 18% YoY growth on the back of strong performance by non-auto segment (up 17%).

Click on the attachment to read the full report:

ICICI Direct Mahindra Logistics Q2FY21 Result Update.pdf

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