Mahindra Logistics - Seasonality Impacts Q4; Wins New Clients: ICICI Direct

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. continued to report its normalised performance at pre-Covid-19 levels in its auto segment (28% YoY growth due to weak base and QoQ largely flat).However, the non-auto segment declined QoQ (down 16% QoQ, up 29% YoY due to weak base), which the management has clarified was affected by seasonality (non-festive season), indicating the growing importance of e-commerce and flex-warehousing solutions in its revenue mix.Enterprise mobility solutions continued to face headwinds due to lower utilisation of buses by companies, as most employees continued to work from home.Due to a change in product mix, margins stayed unchanged YoY (contracted 40 basis points QoQ) to 4.7%..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Mahindra Logistics - Seasonality Impacts Q4; Wins New Clients: ICICI Direct

Mahindra Logistics - Seasonality Impacts Q4; Wins New Clients: ICICI Direct

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