Container Corp Q4 Review - DFC Commissioning To Drive Earnings Growth: Motilal Oswal
A gantry cranes loads a shipping container onto a truck from a ship docked at the Jawaharlal Nehru Port, operated by Jawaharlal Nehru Port Trust (JNPT), in Navi Mumbai, Maharashtra, India. Photographer: Dhiraj Singh/Bloomberg

Container Corp Q4 Review - DFC Commissioning To Drive Earnings Growth: Motilal Oswal

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

Container Corporation of India Ltd.’s Q4 FY21 earnings were impacted by higher land license fee provisioning, unaccounted liabilities, and higher employee costs, which resulted in a 57% miss to our Ebitda estimate.

Ebitda declined 60% YoY to Rs 1.9 billion.

Clarity on LLF payment (and the likelihood of a 35-year lease agreement with the railways) removes a key overhang on the stock.

We maintain our FY22E/FY23E Ebitda estimate.

Click on the attachment to read the full report:

Motilal Oswal Container Corp Q4FY21 Result Update.pdf


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