External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.  

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Mahindra Logistics Ltd / Equity Bottom-Up

<ul><li>Prabhudas Lilladher's research report onMahindra Logistics Mahindra Logistics (MLL) consolidated revenue grew 4% QoQ to Rs14.5bn (PLe: Rs14.2bn), driven by sequential improvement in standalone 3PL (up 2% QoQ to Rs11.8bn), freight forwarding (up 15% to Rs0.6bn) and B2B express business (up 2% to Rs1bn).</li><li>Consolidated EBITDA rose 8% QoQ to Rs566mn (PLe: Rs567mn).</li><li>EBITDA margin expanded 20bps YoY to 3.9% (PLe: 4%) as lower employee expense was partly offset by higher other expenses while consolidated PBT/PAT continued in the negative territory (loss of Rs92mn/Rs119mn), but showed sequential improvement (Q3 loss of Rs134mn/164mn).</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Prabhudas Lilladher's research report onMahindra Logistics Mahindra Logistics (MLL) consolidated revenue grew 4% QoQ to Rs14.5bn (PLe: Rs14.2bn), driven by sequential improvement in standalone 3PL (up 2% QoQ to Rs11.8bn), freight forwarding (up 15% to Rs0.6bn) and B2B express business (up 2% to Rs1bn).Consolidated EBITDA rose 8% QoQ to Rs566mn (PLe: Rs567mn).EBITDA margin expanded 20bps YoY to 3.9% (PLe: 4%) as lower employee expense was partly offset by higher other expenses while consolidated PBT/PAT continued in the negative territory (loss of Rs92mn/Rs119mn), but showed sequential improvement (Q3 loss of Rs134mn/164mn).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mahindra Logistics (MAHLOG IN) - Leveraging Multiple Cost Levers