ICICI Direct: Transport Corporation Of India - Discipline On Margin Front Amid Steep Revenue Decline 
Fleet of Transport Corporation of India Ltd. (Image: Company website)

ICICI Direct: Transport Corporation Of India - Discipline On Margin Front Amid Steep Revenue Decline 

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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.

ICICI Direct Report

Transport Corporation of India Ltd. fared better than our estimates on all fronts. What surprised us is the effort it showed in maintaining margins, even in a scenario of weak operating leverage.

It has a diversified portfolio of value-added services across varied customers and industries, lowering volatility in gross margins.

For the year, the management expects demand from e-commerce, fast moving consumer goods, automobile sector, agriculture, pharmaceuticals and the chemical sectors.

Transport Corporation of India’s ability to provide multi-modal integrated logistics solutions helped it to continue serving existing customers as well as acquire several new engagements.

Click on the attachment to read the full report:

ICICI Direct Transport Corporation of India Q1FY21 Result Update.pdf

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