ADVERTISEMENT

Logistics Sector Q3 Earnings Preview - Port Performance Dampens Festive Spirit: ICICI Direct

Logistics Sector Q3 Earnings Preview - Port Performance Dampens Festive Spirit: ICICI Direct

<div class="paragraphs"><p>Trucks transporting shipping containers leave the Jawaharlal Nehru Port in Navi Mumbai, Maharashtra, India. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
Trucks transporting shipping containers leave the Jawaharlal Nehru Port in Navi Mumbai, Maharashtra, India. (Photographer: Dhiraj Singh/Bloomberg)

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.

ICICI Direct Report

Q3 presented a mixed bag. While the surface transporters saw a healthy run (up 10% YoY), ports on the other side continued to see pressure on the commodity import front.

Exim rail, on the other hand, remained largely flattish (up 3% YoY) and domestic rail on the other front is expected to report strong growth numbers (up 39%).

Air cargo segment continues to remain a beneficiary of continued strong growth in sectors like e-commerce, pharmaceuticals, etc.

Click on the attachment to read the full report:

ICICI Direct Logistics Q3FY22 Earnings Preview.pdf

DISCLAIMER

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.