External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

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External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

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

<div><ul><li>Improved utilization levels drive margin improvement - <span style="font-size: var(--content-font-size);">MLL delivered a revenue growth of 10% YoY in 4QFY22 (6% below our estimate), driven by 25% growth in the non-Auto vertical. The Auto segment reported flattish growth YoY.</span></li><li>Volumes improve YoY; high depreciation impacts PAT - <span style="font-size: var(--content-font-size);">Revenue grew 10% YoY to ~INR10.7b; 6% below our estimates.</span></li></ul><div><ul><li>Highlights from the management commentary - <span style="font-size: var(--content-font-size);">Revenue growth was driven by the non-Auto vertical. MLL saw good traction in freight forwarding and e-commerce.</span></li></ul></div></div><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>

Improved utilization levels drive margin improvement - MLL delivered a revenue growth of 10% YoY in 4QFY22 (6% below our estimate), driven by 25% growth in the non-Auto vertical. The Auto segment reported flattish growth YoY.Volumes improve YoY; high depreciation impacts PAT - Revenue grew 10% YoY to ~INR10.7b; 6% below our estimates.Highlights from the management commentary - Revenue growth was driven by the non-Auto vertical. MLL saw good traction in freight forwarding and e-commerce.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 - Non-Auto Segment Driving Volume Growth