Concor share price shoots 10% due to THIS reason - Check all details here
Concor share price: ICICI Securities says that large non cash provisions booked by Container Corporation of India (Concor) in Q4FY21 leads to a miss, reported EBITDA at Rs 1.9bn; EBITDA was down 60% YoY and 50% QoQ. Adjusted for the higher LLF (Land Licence Fee) expense and employee costs, ICICI Securities estimate EBITDA to be flat QoQ – still a miss when compared to peer performance, given the external margin triggers. Rs 5.17 bn of LLF sets up for a prospective FY22
Valuations have largely shaken off the possibility for higher LLF incidence, while acknowledging higher probability of divestment as well: Reuters