Mahindra Logistics - Acceleration Of Growth Trends Seen Earlier In Q2: ICICI Direct
Mahindra Logistisc Ltd. auto outbound service. (Source: Company website)

Mahindra Logistics - Acceleration Of Growth Trends Seen Earlier In Q2: ICICI Direct

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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

In Q3 FY21, Mahindra Logistics Ltd. embarked on a path of broad-based growth across segments (E-Way bill generated in October, November, December saw growth of 17%, 5%, 17% respectively).

Revenues grew 15% YoY to Rs 1,047 crore, led by 24% growth in the supply chain management segment to Rs 1,010 crore.

Enterprise mobility services de-grew 60% to Rs 37 crore.

Ebitda margins expanded 39 basis points to 5.1% due to lower employee and other expense. Subsequently, Ebitda grew 25% to Rs 53 crore.

Click on the attachment to read the full report:

ICICI Direct Mahindra Logistics Q3FY21 Result Update.pdf

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