Transport Corporation - Better Product Mix Leads To Margin Expansion In Q3: ICICI Direct
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
Transport Corporation of India Ltd. reported a strong set of Q3 FY21 numbers.
Revenues grew strongly QoQ (up 17%) and YoY (10.5%) to Rs 715 crore.
Supply chain management segment reported strong growth both QoQ and YoY (up 19% QoQ, 24% YoY), followed by the freight division (up 18% QoQ, 2% YoY) and shipping division (up 11% QoQ, 5% YoY).
Ebitda margins expanded 86 basis points YoY to 10.5% mainly due to higher gross margins (19.5% versus 19% in Q3 FY20) and lower employee to sales ratio (5% versus 5.7% in Q3 FY20).
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.