BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Aegis Logistics Ltd. reported earnings in line with our estimates, as robust performance in the liquids division continues to countervail the subdued gas business.
The gas business was affected by the second wave of Covid-led lockdowns, with clogged ports impacting throughput volumes, while demand for auto liquefied petroleum gas and cylinders (from hotels/restaurants) were low due to restrictions.
Aegis Logistics' management said the gas division would recover to pre-Covid-19 levels in H2 FY22, with June-July 2021 already seeing a bounce back in volumes.
Factoring in the same, we forecast FY22E/FY23E gas logistics volumes at 3.2 million metric tonne/4mmt (from 3.5mmt/4.3mmt earlier) and 4.5mmt in FY24E.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR