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