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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Western Carriers Pre-IPO-Expanding Through a Combination of Asset-Light Model and Own Infrastructure
Western Carriers (India) Limited is looking to raise about US$100m in its upcoming India IPO. In this note, we talk about the company’s historical...
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CJ Darcl Logistics Pre-IPO - Diversifying and Integrating Operations for a Larger Pie
CJ Darcl Logistics Limited is looking to raise around US$100m in its upcoming India IPO. In this note, we talk about the company’s historical...
596 Views
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...
301 Views
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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