Key takeaways of the call

Throughput for Q3FY21 was higher by 6% (EXIM up5%; Domestic up12%) to966015TEUs (EXIM 804557 TEUs; Domestic 161458 TEUs) from 910407 TEUs (EXIM 766822 TEUs; Domestic 143585 TEUs) in Q3FY20. For 9mFY21 the throughput was down by 8% to 2584399 TEUs with that of EXIM down by 8% to 2177250 TEUs and 5% fall in Domestic to 407149 TEUs. Originating volume for 9mFY21 is 6% less than corresponding previous period.

Getting back the demand as there is V shape recovery. Good traction in January 2021 volume as well.

For full FY21 the company expect the throughput to be 5% less than last year. Originating will be much better than throughput. Revenue for FY21 is to 5% less or equal to last year levels.

Revenue is better than the pre-covid corresponding previous quarter.

Rail freight margin increased from 27.3% to 33.8%.Higher lead, 15 day window of free movement of empty by IR and higher tonnage.

LLF for this year will not be more than Rs 450 crore for all 21 terminals on IR land.

Provision towards Post-Retirement Medical Benefits for already retired employees: the company in previous years providing for PRMB of retired employees but has done actuarial valuation for the expected liability for all the employees of the Company during the quarter. Due to this, during the quarter ended 31st December 2020, an amount of Rs 69.16 crores has been provided out of which Rs 49.60 crores has been charged to Profit & Loss Account and balance Rs 19.56 crore has been included in Other Comprehensive Income. Going forward not more than 1% of PBT every quarter to employee medical benefits.

The company has spent about Rs 200 crore of capex till 9mFY21. The capex for FY21 full year is Rs 500 crore.

Lead distance for Q3FY21 was 790 km with Exim lead being 709 km and 1401 km for domestic.

Double stack trains handled in Q3FY21 is 777 numbers.

Exim empty running expense is Rs 32.77 crore

Volume handled in terms of MT in Q3FY21 was 11.31 MT (Exim 8.85 MT; 2.46 MT) and for 9mfY21 it was 29.64 MT.

JNPT the market share has increased by 1% and it is substantial in mundra and pipavav.

One or two logistics part will be completed in FY21-22 and other will get commissioned in FY23 as the work is delayed due to covid pandemic.

The company has already placed orders with vendor for 60 rakes of 25 tone capacity train sets. The company will get 4 rakes received this fiscal and balance will be from next fiscal onwards.

Used company's container for rice export to Iran. And some other interesting point to point.

Regarding coastal the company will soon come out with policy as the company stopped coastal shipping service during covid times.