Logistics Sector Q3 Earnings Preview: Healthy Volume Uptick In Road, Rail, Ports, Says ICICI Direct
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ICICI Direct Report
Q3 ended on a strong note for the logistics sector, with growth returning to its fold.
Each month (October, November, and December) saw continued momentum due to normalisation of the economy and festivities generated demand.
While the vaccine related movement is yet to be strategised by companies (the management expects further clarity from the Government of India via the tender process towards mid-January), other core segments such as auto, pharma, e-commerce, micro small and medium enterprises saw a good pick-up in demand.
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