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ICICI Direct Report
Mahindra Logistics Ltd.'s Q2 FY22 margin was lower than estimates, impacting profitability.
Revenue grew 22% YoY to Rs 1,019 crore, led by better-than-expected supply chain management segment performance.
Mahindra Logistics' Ebitda grew 34% to Rs 50 crore with margin at 4.9% (versus expected 5.6%).
However, profit after tax fell 37% YoY to Rs 9 crore (versus expected Rs 16 crore), as operating performance was impacted by higher interest and depreciation.
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