Q4FY22 Result Update - Mahindra Logistics - ICICI Direct

Results were better than I-direct estimates on all fronts.

- Revenues grew 10% YoY to Rs. 1073 crore, led by better-than-expected SCM segment performance

- EBITDA grew 19% to Rs. 55 crore with margins at 5.1% (vs. expected 4.3%)

- However, PAT was flat at Rs. 12 crore as strong operating performance was impacted by higher interest and depreciation

Key triggers for future price performance

- Diversification and expansion into newer channels like Last Mile Logistics, Freight Forwarding, together with its core strength of first and mid mile logistics, helps MLL to provide an integrated package to customers

- The above enables it to shift buying behaviour (more online shopping), leading to higher warehousing space requirement and 3PL relevance

- Asset light business model, with projected 35%+ RoCE in FY24E

For details, click on the link below: Link to the report

Shares of Mahindra Logistics Limited was last trading in BSE at Rs. 521.30 as compared to the previous close of Rs. 516.40. The total number of shares traded during the day was 11928 in over 1001 trades.

The stock hit an intraday high of Rs. 524.50 and intraday low of 503.10. The net turnover during the day was Rs. 6133282.00.

Source : Equity Bulls

Keywords

MahindraLogistics INE766P01016 ICICIDirect Q4FY22 ResultUpdate