TCI Express Q2 Review - Strong Growth In Express Industry To Drive Earnings: Motilal Oswal
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.
Motilal Oswal Report
TCI Express Ltd. delivered a strong Q2 FY22 performance with a topline growth of 28% YoY driven by a 26% growth in volumes handled.
On the back of higher volumes and improved efficiency, margins improved to 16.6% during Q2 FY22, leading to an Ebitda growth of 39%.
We maintain our estimates for FY22E/23E on the stock. We believe that TCI Express is well-placed to capitalise on the growth opportunity in the express industry.
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 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.