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ICICI Direct Report
Mahindra Logistics Ltd. doubled its revenues QoQ, which led to flat YoY growth in revenues at Rs 833 crore (E-way bill data normalised only in September).
On the segmental front, supply chain management (90% of FY20 revenues) grew 6% YoY to Rs 804 crore and people transport solutions segment (10% of revenues) de-grew 71% to Rs 29 crore.
PTS segment has been severely impacted owing to work from home policy adopted by corporates.
Warehousing segment saw 18% YoY growth on the back of strong performance by non-auto segment (up 17%).
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