Mahindra Logistics - Slower-Than-Expected Recovery in Express Business
Mahindra Logistics Limited’s (MLL) Q2FY25 EBITDA performance undershot our/consensus estimates by 6.2%/23.6%.Key points: 1) Network services, which...
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Mahindra Logistics - Operating Performance in Line
Mahindra Logistics (MLL)’s 1QFY25 revenue grew ~10% YoY to INR14.2b (in line). EBITDA margin came in at 4.7% (vs. our est. of 4.5%), down 50bp YoY...
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Zinka Logistics IPO Trading - Subdued Demand; Lags Recent Listings
Zinka Logistics (Blackbuck) raised about US$130m in its India IPO. In this note, we talk about the demand and trading dynamics.
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Mahindra Logistics - Improved QoQ Performance
ICICI Securities research report onMahindra Logistics Mahindra Logistics’ (MLL) Q4FY24 EBITDA was slightly above our estimates and marginally below...
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Mahindra Logistics Ltd - A Mixed Q4; Stays On-Course to Achieve Profitable Growth
Sharekhan's research report onMahindra Logistics Consolidated revenue was marginally higher in Q4, led by healthy growth in the core standalone...
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