Logistics Q3 Results Preview - Expect Mixed Bag: ICICI Securities

ICICI Securities Report

We expect Q3 FY23 results to be a mixed bag for the logistics companies under our coverage. On one hand, volume growth is likely to stay muted and, on the other, the product mix shift and cost efficiencies are likely to shore up the margins. Key points:

1. expect volume growth of 2-5% QoQ for express logistic players;

2. profitability likely to increase owing to cost efficiencies and improved product mix; and

3. lower oil prices may not provide material tailwinds, being a pass-through.

We would keep tab on management commentaries on:

1. price hikes taken;

2. volume guidance, and

3. business outlook.

Click on the attachment to read the full report:

DISCLAIMER

This 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.