New Research Reports

Subsequently, PAT de-grew 50% QoQ (down 32% YoY) to | 33 crore What should investors do? We expect commissioning of DFC (near term), the normalisation of global container trade (in the medium term) and extension of...

39.14 crore compared to a loss of Rs 1.28 crore in the corresponding previous period. Minority interest was a share of profit of Rs 35 crore compared to a share of loss of Rs 0.19 crore. Net profit attributable to owners of the company increased 72.38% to Rs 1,306.69 crore. Growth in cargo volume for Q1FY22 was 83% compared to 33% growth by all India ports...

Cochin Shipyard exited FY21 with an outstanding performance in Q4 wherein revenue and operating margins were a beat to our estimates. Ship repair segment, which was lagging since Covid, has now kicked in strong revenue and margins adding thrust to Cochin's overall performance. The company declared a dividend of | 2.5 per share during the quarter. Revenue for the quarter came in at | 1080.3 crore (vs. I-direct estimate of | 975 crore), up 32.3% YoY, 44.3% QoQ. Gross margins contracted ~411 bps YoY, 2150 bps QoQ (YoY being a higher base, QoQ being a one-off exception)....

Q3 saw 14% YoY de-growth in overall volumes. However, the base quarter had higher volumes of transhipment (low margin business), which got reversed this quarter. Exim volumes, on the other hand, have nearly normalised and coastal volumes grew YoY. Continued congestion at Colombo hubs, led to higher container volumes at India's bigger ports such as Mundra. GPPL, on the other hand, reported lower volume growth mainly due to management focus on picking up profitable volumes (transhipment volumes negatively impact margins). The management expects the global...

during the period under review. Consolidated operating EBITDA grew by 9% to Rs 2,488 crore in Q3 FY21 from Rs 2,287 crore in Q3 FY20. Consolidated profit before tax rose by 15.71% to Rs 2012.5 crore in Q3 FY21 from Rs 1738.87...

Q3 saw 14% YoY de-growth in overall volumes. However, the base quarter had higher volumes of transhipment (low margin business), which got reversed this quarter. Exim volumes, on the other hand, have nearly normalised and coastal volumes grew YoY. Continued congestion at Colombo hubs, led to higher container volumes at India's bigger ports such as Mundra. GPPL, on the other hand, reported lower volume growth mainly due to management focus on picking up profitable volumes (transhipment volumes negatively impact margins). The management expects the global...

Way2Wealth Brokers Pvt. Ltd. (CIN U67120KA2000PTC027628) SEBI Rgn. No. : INH200002739. Registered Office: Rukmini Towers, 3rd& 4th Floor, # 3/1, Platform Road, Sheshadripuram, Bangalore - 560 020, Website: www.way2wealth.com Email: research@way2wealth.comWay2wealth Research is also available on Bloomberg WTWL W2W Lighthouse A Quick Perspective Cochin Shipyard Ltd (CSL) was incorporated in the year 1972 as a fully owned Government of India company. In the last three decades the company has emerged as a forerunner in the Indian Shipbuilding & Ship-Repair industry. This yard can build and repair the largest vessels in India. It can build ships upto 110,000 DWT and...

Long expected IAC basin trials are on November 27 whereas delivery for the same is expected by December 2021. If things fall in place, as they should, we expect FY22E to be amplified on account of IAC execution. This should aid management to reach their topline target of | 4000 crore. In the quarter, IAC execution was | 491 crore (cost plus | 283 crore, fixed price | 207 crore)....

In Q2, while July, August posted good uptake of container volumes, the company experienced a tough September due to disruption in the domestic trade patterns (more exports), shortages of empty containers and skipped calls (19 in Q2), thereby leading to a 50-60% hike in ocean freight along some routes. However, the management saw volumes returning in October, November (no skipped calls seen so far). Going ahead, GPPL expects the situation (surcharges by shippers) to largely normalise. The bulk segment continued to witness growth (up 36%) while the liquid, RoRo segment...

On the back of rebound in economic activities, cargo volume bounced back and registered a growth of 36% on a QoQ basis and 7% on a YoY basis. All segments of cargo registered growth on a QoQ basis. While coal registered 30% growth, container grew by 34%, crude by 52% and other bulk cargo registered a growth of 40%....