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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.
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