CONCOR Q4 Review - Revival Of Exim Volumes In FY23E Can Be An Additional Fillip: ICICI Securities

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Container Corporation of India Ltd. reported lower than expected Q4 FY22 Ebitda (down 9% QoQ) withhigher incidence of (Rs 150 million) land license fee andhigher incidence of employee costs. LLF came at Rs 4.65 billion versus Rs 4.5 billion expected, mainly on account of Rs 150 million of past dues (to Indian Railways) on Okhla domestic container terminal.Also, employee costs have provisions for-1% of profit after tax toward medical provisions for employees, provisions for leave encashment and cash settlement in view of higher attrition andhigher bonus provisions for FY22 in the light of improved operating performance. The provisions will help moderate Concor's future employee costs, in our view. Adjusted for one-off expenses and higher provisions, Ebitda was in-line..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

CONCOR Q4 Review - Revival Of Exim Volumes In FY23E Can Be An Additional Fillip: ICICI Securities

CONCOR Q4 Review - Revival Of Exim Volumes In FY23E Can Be An Additional Fillip: ICICI Securities

Choose a plan