BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Container Corporation of India Ltd. reported lower than estimated sales, Ebitda, and profit after tax during the quarter. Revenue at approximately Rs 11.9 billion, down 27% YoY /24% QoQ led -21%/- 8% volume/realisation decline.
Margins at 13.4%, a multi-year low. Expects improvement in H2 FY21. Q2 will be better than Q1 FY21.
Ministry of Railways has demanded for Rs 7.77 billion as land licence fee for FY21 for the Okhla and Tughlakabad Terminals of Container Corporation at Delhi.
However, company believes that demand is not as per the Railway's extant policy. Rs 1.2 billion has been provided for the quarter.
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 brokerage 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