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

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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.

Click on the attachment to read the full report:

Motilal Oswal Container Corp Q4FY21 Result Update.pdf

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