{
Mahindra Logistics Limited

Companies

}
001122334455554433221100
001122334455554433221100

Q2 2024 earnings season gains momentum with major companies reporting results

Major companies including Coal India, JSW Steel, DLF, and Interglobe Aviation are set to release their Q2 earnings reports today, joining a wave of firms that have already reported results. Notable performances include Reliance Industries with a profit decline of 4.8%, while HCL Technologies and TCS reported profit increases of 10.5% and 5.0%, respectively. ICRA's profit rose by 15.6% to Rs 36.72 crore, and Oracle Financial Services Software saw a significant profit increase of 38.4% to Rs 577.70 crore.
Financialexpress
Indian Rupee United States Dollar HDFC Bank Limited Bandhan Bank Limited Torrent Pharmaceuticals Limited InterGlobe Aviation Limited Poonawalla Fincorp Limited JSW Steel Limited Reliance Industries Limited Gensol Engineering Limited Adani Wilmar Limited HUL Piramal Pharma Limited PVR INOX Limited The Phoenix Mills Limited NIIT Limited Tata Consultancy Services (TCS) HCL Technologies Limited Novartis India Limited Inox Wind Limited Tech Mahindra Limited ICRA Limited Infosys Limited Coal India Limited Bajaj Auto Limited Paytm Money Ltd. TVS Motor Company Limited Shriram Finance Limited Nestlé India Limited Axis Bank Limited IDBI Bank Limited JM Financial Limited Mahindra Logistics Limited The Jammu and Kashmir Bank Limited Bank of Baroda Limited LTIMindtree Limited Wipro Limited Bpcl EPF Trust Zomato Limited Havells India Limited Bharat Petroleum Corporation Limited Mahindra Holidays & Resorts India Limited Bharat Electronics Limited DLF Assets Ltd. Hindustan Petroleum Corporation Limited ITC Limited IND Makarand Padalkar Avadhut Ketkar Pieter Elbers Ramnath Krishnan Medan Airport Show more
Finance & Economy, Market Report
17:57 25.10.2024

Mahindra Logistics maintains buy rating with revised target of Rs 560

Mahindra Logistics reported consolidated revenue growth driven by its standalone business and a recovery in freight forwarding. However, lower operating margins and express losses impacted profits, with challenges expected in achieving EBITDA breakeven by Q4FY2025. Despite this, the company is focused on turning around its express business and has maintained a healthy order intake, prompting a revised target price of Rs. 560.
Moneycontrol
Mahindra Logistics Limited IND
Finance & Economy, Market Report
09:17 24.10.2024

Mahindra Logistics faces challenges as earnings estimates are significantly reduced

Mahindra Logistics Limited's Q2FY25 EBITDA fell short of estimates, with network services growing 46.1% YoY, while 3PL saw a modest 6.8% increase. Gross margins improved in network services but declined in 3PL due to unabsorbed space and increased manpower costs. The company plans to invest INR 500mn in Rivigo, aiming for EBITDA positivity by Q4FY25, though achieving the necessary volume growth appears challenging. Consequently, FY25E/FY26E EPS estimates have been reduced by 61.5% and 6.8%, respectively, with a revised target price of INR 420.
Moneycontrol
Indian Rupee Mahindra Logistics Limited IND
Finance & Economy, Market Report
10:10 23.10.2024
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