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HomeNewsBusinessEarningsMahindra Logistics Q3 PAT seen up 156.1% YoY to Rs. 15 cr: Sharekhan

Mahindra Logistics Q3 PAT seen up 156.1% YoY to Rs. 15 cr: Sharekhan

Net Sales are expected to increase by 19.1 percent Y-o-Y (up 0.4 percent Q-o-Q) to Rs. 1,331 crore, according to Sharekhan.

January 11, 2023 / 14:31 IST
Mahindra Logistics: Mahindra Logistics Q2 profit more than doubled to Rs 11 crore, revenue increases 28%. The stock will be in focus as the logistics & mobility solutions provider's profit for the quarter ended September FY23 more than doubled to Rs 11 crore from Rs 5 crore YoY. Revenue at Rs 1,326 crore for the quarter increased by 28% compared to year-ago period and EBITDA jumped 45% YoY to Rs 71 crore in Q2FY23, driven by continuing recovery in automotive industry and sustained growth in consumption end markets including telecom.
     
     
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    Sharekhan has come out with its third quarter (October-December’ 22) earnings estimates for the Logistics sector. The brokerage house expects Mahindra Logistics to report net profit at Rs. 15 crore up 156.1% year-on-year (up 19.5% quarter-on-quarter).

    Net Sales are expected to increase by 19.1 percent Y-o-Y (up 0.4 percent Q-o-Q) to Rs. 1,331 crore, according to Sharekhan.

    Earnings before interest, tax, depreciation and amortisation (OPM) are likely to rise by 106 percent Y-o-Y (up 22 percent Q-o-Q) to Rs. 5.3 crore.

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    Sharekhan_Infra

    Broker Research
    first published: Jan 11, 2023 02:31 pm

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