ECONOMY

Concor Q1 Review – Operational Beat; Positive Surprise On Land Licence Fee: Dolat Capital

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.

Container Corporation of India Ltd.’s Q1 was an operating beat led by Exim, buoyed by volume and realization growth.

Land licence fee for the quarter was at Rs 1.13 billion, in line with the FY22 guided number of Rs 4.5 billion, though its current calculations peg a lower LLF of Rs 3.8 billion.

For FY22, Concor management has retained its guidance of a 12% topline growth and doubling of the FY21 reported profit after tax.

It has already stated plans to enter into a 35-year land lease with Indian, with a one-time payment pegged between Rs 60-70 billion.

The overhang of LLF has faded and focus is back on its business, where dedicated freight corridor remains the key long trigger, which will aid modal shift to rail.

Click on the attachment to read the full report:

Dolat Capital CONCOR Q1FY22 Result Update.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.

Most Related Links :
dutifulnews Governmental News Finance News

Source link

Back to top button