Higher SCM revenues as ramp up seen in E-commerce and Consumer segment Mahindra Logistics (MLL) reported strong sequential numbers on the back of higher SCM revenues and income-tax refunds. Supply Chain Management (SCM) segment reported a revenue growth of 6% YoY in Q2FY21 as ramp-up in E-commerce and Consumer segment (constituting 50% of Non-M&M; SCM revenues) drove 17% YoY growth in Non-M&M; non-automotive segment. Expect recovery in automotive demand from 2HFY21 and scale up of new contracts won...