Transportation
Transportation
SECTOR | 10 Apr 2022
ICICI Securities Limited
Q4 has been a mixed quarter. For Exim containers (on both ports, rail front) January saw growth at 4-7% range (MMT, YoY) while February reported a flattish performance (on a high base). March, on the other hand, reported 010% de-growth in volumes (higher end-de-growth for port sector). Overall, Exim container volumes saw a flattish performance both on the port and rail front (YoY). However, domestic containers, on the other hand, reported 25% volume growth, led by newer initiatives taken by Concor. However, leading the march was the surface sector, which grew 9% (E-Way bills) and showed secular growth during the quarter. Air cargo segment continues to remain a...
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