YES Securities has come out with its fourth quarter (January-March’ 21) earnings estimates for the Logistics sector. The brokerage house expects Mahindra Logis to report net profit at Rs 19.5 crore up 102.7% year-on-year (up 7% quarter-on-quarter).
Net Sales are expected to increase by 30.1 percent Y-o-Y (up 0.9 percent Q-o-Q) to Rs 1,056 crore, according to YES Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 51.8 percent Y-o-Y (up 14.1 percent Q-o-Q) to Rs 54.9 crore.
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