Stocks of logistics firms in focus; TCI Express hits 52-week high
TCI Express, Sical Logistics, Patel Integrated Logistics, Allcargo Logistics, Transport Corporation of India and VRL Logistics were up in the range of 2% to 8% on the BSE.
 "Stocks of logistics firms in focus; TCI Express hits 52-week high")
premium
Shares of logistics companies were in focus and rallied by up to 8% on the BSE on expectations of impressive growth in the current financial year 2018-19.
TCI Express, Sical Logistics, Patel Integrated Logistics, Allcargo Logistics, Transport Corporation of India and VRL Logistics were up in the range of 2% to 8% on the BSE. In comparison, the S&P BSE Sensex was up 0.78% at 37,454 points at 10:38 am.
TCI Express hit a 52-week high of Rs 690, up 7% on the BSE, after the company reported 33% year-on-year (YoY) growth in net profit at Rs 161 million, on back of strong revenue growth.
The company's Q1 revenue reflected a healthy growth of 21.84% and at RS 2,481 million. The EBITDA stands at Rs 275 million, registering a growth of 45.14% YoY.
TCI Express said the introduction of GST, E-Way bills and the inclusion of logistics in the 'harmonised List of 'infrastructure' status subsectors has given a definite boost to the organized players in this domain. The leading efficiency-oriented logistical services player in India is expected to exceed the impressive growth figures of FY2017-18 during this financial year.
During the first quarter, TCI Express has noted a growing demand in the pharmaceutical, automobile and retail and lifestyle sector. With increasing regulatory process streamlining in establishing multi-modal logistics facilities, major infrastructural developments and enhanced demand boosting the logistics sector, the company is expected to continue on its journey of growth, expansion and impeccable time-specific service delivery, it added.
Going forward, the brokerage firm IIFL Wealth Management expects cargo growth to pick up, driven by the expected surge in coal volumes and a further uptick in Container cargo volumes.
Given the constraint of coal shortage, few power companies would selectively consider importing coal which would aid coal cargo volume growth in near term. Momentum in POL volumes would also support growth. The rollout of Government programs like Sagarmala and expected inflow of GST benefits would together ensure strong cargo growth in coming years.
TCI Express, Sical Logistics, Patel Integrated Logistics, Allcargo Logistics, Transport Corporation of India and VRL Logistics were up in the range of 2% to 8% on the BSE. In comparison, the S&P BSE Sensex was up 0.78% at 37,454 points at 10:38 am.
TCI Express hit a 52-week high of Rs 690, up 7% on the BSE, after the company reported 33% year-on-year (YoY) growth in net profit at Rs 161 million, on back of strong revenue growth.
The company's Q1 revenue reflected a healthy growth of 21.84% and at RS 2,481 million. The EBITDA stands at Rs 275 million, registering a growth of 45.14% YoY.
TCI Express said the introduction of GST, E-Way bills and the inclusion of logistics in the 'harmonised List of 'infrastructure' status subsectors has given a definite boost to the organized players in this domain. The leading efficiency-oriented logistical services player in India is expected to exceed the impressive growth figures of FY2017-18 during this financial year.
During the first quarter, TCI Express has noted a growing demand in the pharmaceutical, automobile and retail and lifestyle sector. With increasing regulatory process streamlining in establishing multi-modal logistics facilities, major infrastructural developments and enhanced demand boosting the logistics sector, the company is expected to continue on its journey of growth, expansion and impeccable time-specific service delivery, it added.
Going forward, the brokerage firm IIFL Wealth Management expects cargo growth to pick up, driven by the expected surge in coal volumes and a further uptick in Container cargo volumes.
Given the constraint of coal shortage, few power companies would selectively consider importing coal which would aid coal cargo volume growth in near term. Momentum in POL volumes would also support growth. The rollout of Government programs like Sagarmala and expected inflow of GST benefits would together ensure strong cargo growth in coming years.
| COMPANY | LATEST | PREV CLOSE | GAIN(%) |
| SICAL LOGISTICS | 189.00 | 174.95 | 8.03 |
| PATEL INTEGRATED | 57.75 | 54.25 | 6.45 |
| ALLCARGO LOGIST. | 128.40 | 120.75 | 6.34 |
| TCI EXPRESS | 684.45 | 645.05 | 6.11 |
| JITF INFRA LOGIS | 24.60 | 23.45 | 4.90 |
| CHART.LOGISTICS | 9.94 | 9.52 | 4.41 |
| TRANSPORT CORP. | 311.00 | 299.70 | 3.77 |
| SNOWMAN LOGISTIC | 47.00 | 45.55 | 3.18 |
| ARSHIYA | 59.75 | 58.30 | 2.49 |
| VRL LOGISTICS | 352.25 | 344.75 | 2.18 |
| BLUE DART EXP. | 3674.20 | 3601.55 | 2.02 |
| GATEWAY DISTR. | 183.55 | 180.20 | 1.86 |
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%