Mahindra Logistics: Prabhudas Lilladher Recommends BUY, Raises Target to Rs 407
Business
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Moneycontrol•29-01-2026, 12:44
Mahindra Logistics: Prabhudas Lilladher Recommends BUY, Raises Target to Rs 407
- •Prabhudas Lilladher maintains a BUY rating on Mahindra Logistics, increasing the target price to Rs 407.
- •The target price hike is due to rolling forward valuation to FY28E, despite minor EPS estimate cuts for FY27E/FY28E.
- •Mahindra Logistics reported strong Q3FY26 performance with revenues up 19.1% YoY to Rs 18,980mn and an EBITDA margin of 5.4%.
- •The company achieved profitability after 11 quarters, driven by narrowing losses in the B2B express division and reduced interest expenses.
- •The B2B express business shows turnaround signs with 19% YoY volume growth and improving yields, contributing to a positive outlook.
Why It Matters: Prabhudas Lilladher recommends buying Mahindra Logistics, citing strong Q3 results and a positive outlook for its B2B express segment.
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