Indian Road Logistic Industry - Trends & Credit Outlook: ICRA

Birds fly over an empty Marine Drive road in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Indian Road Logistic Industry - Trends & Credit Outlook: ICRA

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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, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICRA Report

Despite the severe contraction in revenues and earnings over Q1 FY21 amidst the nationwide lockdown; the logistic sector reported sequential recovery as the year progressed due to accelerated pace of economic activities in H2 FY21.

Sustained recovery in business activities and almost minimal Covid linked restrictions further firmed business performance in Q4 FY21.

Sudden rise in Covid-19 fatalities during April-May 2021 has slowed down the growth.

Nevertheless, the extent of impact has been lower than Q1 FY21 levels given the continuation of industrial activities.

Click on the attachment to read the full report:

ICRA Indian Road Logistic Industry Trends & Growth Outlook.pdf

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