Logistic sector shines post GST implementation
DSIJ Intelligence / 08 Nov 2017
The second quarter earnings of logistic companies have shown positive effects of GST implementation.
The second quarter earnings of logistic companies have shown positive effects of GST implementation.
The Container Corporation of India, one of the major player of the logistic sector, has reported its Q2 earnings which shows 5 per cent yoy revenue growth, with 41 per cent yoy increase in PAT. This PAT growth was largely affected by the change in its effective tax rate to 21 per cent from 28 per cent.
Also, Transport Corporation of India and Sical Logistic have reported a healthy revenue growth of 16 per cent and 25 per cent yoy in Q2FY18 and PAT growth of 30 per cent and 14 per cent yoy. VRL Logistics also posted an impressive quarter with 56% yoy PAT growth.
These quarterly earnings suggest a robust outlook for the logistic companies in near future. The significant growth in fundamentals suggests that the logistic stocks are going to reap some more returns in the near term.
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