Mahindra Logistics Q4 Review - Margin Reverts To Normal, Expect Further Uptick In FY23: 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. is an end-to-end third-party logistics solution provider, from performing milk run to in-factory logistics, warehousing to first mile and last mile logistics. It serves over 400 customers via its two business segment: supply chain management, 96% of revenues and enterprise mobility.The company's Q4 FY22 results were better than our estimates on all fronts. Revenues grew 10% YoY to Rs 1073 crore, led by better-than-expected supply chain management segment performance.Ebitda grew 19% to Rs 55 crore with margins at 5.1% (versus expected 4.3%).However, Mahindra Logistics' profit after tax was flat at Rs 12 crore as strong operating performance was impacted by higher interest and depreciation..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 Q4 Review - Margin Reverts To Normal, Expect Further Uptick In FY23: ICICI Direct

Mahindra Logistics Q4 Review - Margin Reverts To Normal, Expect Further Uptick In FY23: ICICI Direct

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