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Please find attached IBR Logistics Newsletter for Aug’13. This is a monthly newsletter on Indian logistics sector by India Business Reports. Here we take a look at recent news and events in the sector, and also latest stock market and financial data on listed companies in the sector.
In this edition, we look at the results of listed logistics companies for Apr-Jun’13 quarter. They make for a dismal reading. Aggregate sales of the 18 listed companies that IBR tracks, fell 7% for Apr-Jun’13 over the previous year. EBITDA margin contracted by over 40 basis points. With finance costs rising for most companies, net profit was down 33%.
Share market performance of these companies reflects their poor fundamentals. No company in our set hit a new 52 week high, while 5 of them hit new 52 week lows.
There is hardly any company which has shown improved performance across the three key parameters: Sales, EBITDA margins and net profit.
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