Key takeaways of the call

Volumes were lower in Dec. 2018 quarter due to low exports. Import export trade was lower in Dec 18 quarter.

9 mths export volumes stood at 1.2 M TEU and import volume 1.22 M TEUs.

Total growth in originating volume was at 11% YoY.

Empty running costs Rs 185 crore for 9 mths ended Dec 18 compared to Rs 187 crore 9 mths Dec 17.

Increased market share in Dec 18 despite tough environment.

Realization was lower. 5% increase in haulage costs. The company so far has not done any price hikes to the customer as market is not strong and any costs increase would be difficult to pass on.

Increase in empty running costs, storage charges and some other costs resulted in some pressure on margins in Dec 18 quarter.

Market share of the company in JNPT stood at 78.5%, Mundra at 52.5% and Pipavav its at 54%.

Of the total revenues, 34% is from JNPT, Mundra stands at 32%, Pipavav at 15% and rest from other ports

Double stacking in Dec 18 stands at 708 trains and accounts for around 10% of total volume.

Expects 12% net sales growth for FY 19

The company had 82 logistics parks in FY 18 and will increase to 92 parks total by FY 19 and 100 by FY 20. 6 parks to commission by end of FY 19.

The company has started coastal cargo trade as well. The company will do bulk, break bulk, costal and container cargo in coastal trade.

Very bullish going forward in coastal cargo.