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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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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