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