Name: Latest research reports of Allcargo Gati Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Allcargo Gati Ltd.
Rating: 3
Author: ICICI Securities Limited

Gati Limited

Hold: Allcargo Gati Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues for Q3FY19 grew 7% YoY to | 481 crore (I-direct estimate: | 493 crore). Express distribution & supply chain (EDSC) grew 2% to | 378 crore. Growth was supported by 29% and 31% YoY growth in fuel and other sales to | 78 crore and | 27 crore, respectively EBITDA margins fell 39 bps to 5% (I-direct estimate: 5.1%). Higher operating cost to sales ratio (up 165 bps to 76.9%) was negated to an extent by a fall in employee cost (down 101 bps YoY to 10%) & other...