Indian Road Logistic Industry - Trends & Credit Outlook: ICRA

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ICRA Report

Despite the severe contraction in revenues and earnings over Q1 FY21 amidst the nationwide lockdown; the logistic sector reported sequential recovery as the year progressed due to accelerated pace of economic activities in H2 FY21.

Sustained recovery in business activities and almost minimal Covid linked restrictions further firmed business performance in Q4 FY21.

Sudden rise in Covid-19 fatalities during April-May 2021 has slowed down the growth.

Nevertheless, the extent of impact has been lower than Q1 FY21 levels given the continuation of industrial activities.

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