*Mahindra Logistics Ltd.* | *CMP* Rs. 692 | *M Cap* Rs. 4962 Cr | *52 W H/L* 821/325
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 1019.1 Cr (16.7% QoQ, 22.4% YoY) vs expectation of Rs. 974.3 Cr, QoQ Rs. 873.4 Cr, YoY Rs. 832.5 Cr
EBIDTA came at Rs. 50 Cr (11.2% QoQ, 34.1% YoY) vs expectation of Rs. 52.8 Cr, QoQ Rs. 45 Cr, YoY Rs. 37.3 Cr
EBITDA Margin came at 4.9% vs expectation of 5.4%, QoQ 5.2%, YoY 4.5%
Adj. PAT came at Rs. 9.7 Cr vs expectation of Rs. 14.3 Cr, QoQ Rs. 9.4 Cr, YoY Rs. 15 Cr
Quarter EPS is Rs. 1.4
Share is trading at P/E of 37.8x FY23E EPS