Page 10 - Logistics Sector

Road-based logistics sector may see 7-9% revenue rise this fiscal: Report

The road-based logistics sector is expected to grow 7-9 per cent this fiscal on favourable demand but margins may be under pressure due to higher fuel cost, says a report. However, operators' debt coverage metrics are expected to marginally weaken in FY23 from FY22 levels. This will be largely due to the debt-funded vehicle replacement capex induced by the upcoming scrappage policy, along with the rising interest rate regime, rating agency Icra said in the report on Thursday. It has a stable outlook for the sector. The agency expects the aggregate operating profit margin to remain in the range of 12-14 per cent in FY23 compared to 14.2 per cent in FY22. Accelerated pace of business activities and lower lockdown-linked restrictions from H2 of FY22 have aided faster revenue recovery in FY22 and the growth momentum is likely to continue with an estimated 7-9 percent uptick in top line in FY23 year-on-year, the report said. The ability of the organised players to command pricing premi

InterGlobe, UPS in 50:50 joint venture to dive into India logistics market

Analysts tracking the logistics sector said that there are multiple areas where IndiGo's cargo business can benefit from a joint venture between UPS and its parent firm

Logistics firm Delhivery tests mood for India IPOs after LIC's muted debut

Delhivery is set to list on Tuesday after an initial public offering (IPO) that raised Rs 5,235 crore ($684 million) - India's second-largest this year after LIC's milestone deal

Delhivery may make it to FTSE index in Dec, MSCI India by next May: Analyst

The stock, however, is unlikely to get added to the benchmark Nifty and Sensex indices anytime soon, he says .

Gateway Distriparks' Q4 profit after tax jumps 84% to Rs 85.5 crore

The company had posted a profit of Rs 46.38 crore in the March quarter of FY21, it said in a statement

Institutional investments in real estate doubled to $1.1 bn in Jan-Mar

Office, retail, and industrial & logistics segments contributed 95% of the total institutional investment in the real estate sector during January-March period

Wiz Freight raises Rs 275 cr in Series A round from Tiger Global, Axilor

Investment in supply chain start-up marks the largest Series A funding in Indian logistics sector.

Sixth Sense Ventures leads Rs 76 cr investment in logistics start-up Prozo

The funds will be used to expand Prozo's warehousing and fulfilment footprint, client base, and technology and analytics capability, the statement said

Cutting logistics cost by 6% major challenge: Union minister Nitin Gadkari

Nitin Gadkari said that speed limit for vehicles on expressways would soon be increased to cut the fuel costs, and thereby the logistics cost.

TCI reports 94% jump in standalone PAT to Rs 78 crore in Dec quarter

The company had posted a standalone PAT of Rs 40 crore in the corresponding quarter of the last financial year

Shiprocket acquires B2B logistics aggregator Rocketbox

The Rocketbox founders will join the Shiprocket leadership team, and continue to build the cargo product as part of this deal, a statement said

Yojee teams up with Here Tech to create operations intelligence solution

Cloud-based logistics platform Yojee has teamed up with Here Technologies to create a unique operations intelligence solution to transform warehouse management for global companies

Allcargo group firm Gati Ltd looks to become Rs 3,000-cr company in 3 years

It has identified three areas, including talent acquisition and building infrastructure, to achieve the target

IndoSpace commits Rs 1,000 cr for JV to build real estate, logistics parks

The partneship will focus on smaller markets such as Pune, Mumbai, Delhi-NCR, and Bengaluru.

Useful LEADS report on logistics in states

The report is based on 17 criteria based on perceptions of the stakeholders and four criteria based on objective data

Logistics cos say fully geared to meet challenges during festival demand

The new-age logistics companies expect multi-fold growth in shipments and are fully geared to meet the challenge with measures such as capacity expansion and additional hiring

Ikea expects shortages due to supply-chain crisis until mid-2022

Shortages of transport containers and blocked-up ports have snarled logistics for retailers around the world

Nitin Gadkari emphasises on reducing logistics costs below 10%

The road transport and highways minister said it has been planned to construct 25,000 km of national highways within the next two years.

Outlook for Indian road logistics sector remains stable: ICRA

Improved economic activities in second quarter of the ongoing fiscal year will spur growth momentum for the road logistics sector in the second half of the year

DHL Express, Blue Dart raise annual shipment prices for 2022

Upward price revision to be effective January 1, 2022