Lancer Container Lines Share Price

Transportation Logistic company Lancer Container Lines announced Q2FY23 results: Consolidated Q2FY23 vs Q2FY22: Revenue from Operations has grown by 66.02% from Rs. 1,369.19 million in Q2FY22 to Rs. 2,273.20 million in Q2FY23. The EBITDA increased by 131.99% from Rs. 105.36 million in Q2FY22 to Rs. 244.43 million in Q2FY23 EBITDA margins increased from 7.69% in Q2FY22 to 10.75% in Q2FY23. PAT increased by 163.71% from Rs. 60.14 million in Q2FY22 to Rs. 158.60 million in Q2FY23 PAT margins increased from 4.39% in Q2FY22 to 6.98% in Q2FY23. Consolidated H1FY23 vs H1FY22: Revenue from operations recorded a growth of 85.07% from Rs. 2,480.11 million in H1FY23 to Rs. 4,589.99 million in H1FY23. The EBITDA increased by 164.45% from Rs. 171.52 million in H1FY22 to Rs. 453.59 million in H1FY23 and a gain in the EBITDA margins from 6.91% in H1FY22 to 9.88% in H1FY23. PAT stood at Rs. 291.50 million in H1FY23 as compared to Rs. 89.89 million in H1FY22 recording a growth of 224.28% and PAT margins stood at 6.35% in H1FY23 as compared to 3.62% in H1FY22. Total Fixed Asset grew by 70.96% from Rs. 533.45 million in H1FY22 to Rs. 911.99 million in H1FY23. Current Assets stood at Rs. 3,895.05 million in H1FY23 as compared to Rs. 642.84 million in H1FY22. Long-term borrowings stood at Rs. 121.08 million in H1FY22, compared to Rs. 2,664.64 million in H1FY23 and Short-term borrowings were at Rs. 27.47 million in H1FY22, compared to Rs. 43.01 million in FY23. The debt to Equity ratio increased to 1.87 in H1FY23 from 0.28 in H1FY22. Cash flow from operations stands at Rs. 24.86 million in H1FY23 as compared to Rs. 156.04 million in H1FY22. Commenting on the performance of Q2 and H1FY23, the management team stated: “We are happy to share that, we have reported a strong performance for the quarter & half year ended 30th September, 2022. On the Revenue front we have grown by 66.02% from Rs. 1,369.19 million in Q2FY22 to Rs. 2,273.20 million in Q2FY23. EBITDA has grown by 131.99% and EBITDA margins have also improved remarkably from 7.69% in Q2FY22 to 10.75% in Q2FY23, thus reporting an improvement of 306bps on a YoY basis, mainly driven by an increased volume of business, cost controls and scale led benefits due to addition of TEUs. We continue to witness robust demand for our services buoyed by increasing economic activity and high consumption led demand in the geographies we operate. Despite the overall level of port congestion lowering and freight rates stabilizing we remain confident of our capabilities to provide distinguished client satisfying services and the overall prospectus of the industry we operate in. In order to rightfully capture the market opportunity that lie ahead of us, we at LCL have been consistently increasing the fleet of containers. Accordingly, we had issued FCCBs worth USD 30 Million which received a great response. The funds have been invested in our wholly owned subsidiary Lancia Shipping LLC for procurement of containers, expanding into newer geographies and also developing new representative offices. All of these initiatives endeavor to establish LCL as one of the pioneering and most reputable global logistics company. In line with the above mission, we inducted 2,423 TEU’s during the H1FY23 and expect to further add more TEU’s by the end of FY23 To conclude, I would like to say that we at Lancer remain committed in achieving our goals and are taking the appropriate steps in the direction of being one of the market leaders in supply chain logistics in the country.” Result PDF

• Trendlyne
• 3 years 6 months ago