ICICI Direct has come out with its fourth quarter (January-March’ 21) earnings estimates for the Logistics sector. The brokerage house expects Mahindra Logistics to report net profit at Rs. 14.4 crore up 40.3% year-on-year (down 21.8% quarter-on-quarter).
Net Sales are expected to increase by 22.9 percent Y-o-Y (down 4.4 percent Q-o-Q) to Rs. 1000.3 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 118.8 percent Y-o-Y (down 11.2 percent Q-o-Q) to Rs. 47 crore.
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