Hospitality, Logistics Earnings Preview - Leisure Demand To The Rescue In Q1: Nirmal Bang
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.
Nirmal Bang Report
We expect the full impact of the second Covid-19 phase to be reflected in Q1 FY22 results.
The impact of lockdown like restrictions in the second phase is expected to be less compared to the first phase in Q1 FY21 and therefore we expect YoY growth in revenue and profit.
We also note that average room rates are also expected to be higher YoY, primarily driven by change in the mix of guests from primarily quarantine/medical staff to guests for staycations, weddings, workations etc.
In Logistics, we expect strong earnings growth (3.9 times YoY; 10.2 times QoQ) in Container Corporation of India Ltd.
The YoY growth will primarily be driven by weak earnings in Q1 FY21 due to the national lockdown.
Click on the attachment to read the full report:
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.