Mahindra Logistics Q4 Results Review - Leveraging Multiple Cost Levers: Prabhudas Lilladher

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Mahindra Logistics Ltd. consolidated revenue grew 4% QoQ to Rs 14.5 billion (our estimate: Rs 14.2 billion), driven by sequential improvement in standalone third party logistics (up 2% QoQ to Rs 11.8 billion), freight forwarding (up 15% to Rs 0.6 billion) and B2B express business (up 2% to Rs 1 billion). Consolidated Ebitda rose 8% QoQ to Rs 566 million (our estimate: Rs 567 million). Ebitda margin expanded 20 bps YoY to 3.9% (our estimate: 4%) as lower employee expense was partly offset by higher other expenses while consolidated profit before tax/profit after tax continued in the negative territory (loss of Rs 92 million/Rs 119 million), but showed sequential improvement (Q3 loss of Rs 134 million/164 million). The stock is currently trading at 37.2 times FY26E earnings. We maintain Accumulate rating with a target price of Rs 500 based on 41 times FY26E price/earning multiple..Click on the attachment to read the full report:.Mahindra Logistics Q4 Results Review - Inline; Improved Express Performance Enhances Ebitda: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Mahindra Logistics Q4 Results Review - Leveraging Multiple Cost Levers: Prabhudas Lilladher

B2B express business has lowered its Ebitda loss to Rs 148 million from earlier loss of Rs 224 million in Q3 FY24

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