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.
ICICI Securities Report
Allcargo Logistics Ltd. posted an impressive Q1 FY22 Ebitda of Rs 2.17 billion (our estimate: Rs 1.56 billion).
Turnaround in Gati (subsidiary of Allcargo Logistics) operations can accrue significant to the company.
The management appears to be on the right track in Gati to:
delever through divestment of non-core assets and
bring about operational improvements to increase ‘express’ segment Ebitda to 12% in the next two to four quarters.
Multimodal transport operation business earnings continue to surprise, with a 39%YoY volume growth coupled with expansion in Ebit margins (QoQ).
This leads to significant upgrade in earnings. Rs 1.2 billion (enterprise ) purchase of speedy container freight station can lead to improvement in CFS earnings going forward.
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