Zinka Logistics reported Q4 earnings results that missed revenue estimates set by Morgan Stanley, keeping the target price at Rs 490.
Transacting truck operators increased to over 7,65,000, with monthly users surpassing estimates at 3,68,000.
Gross transaction value of payments rose 8.7% quarter-on-quarter but fell 3.5% below estimates, mainly due to a 2% miss in payment volume.
Adjusted Ebitda margin saw 31.8% growth, missing the estimate of 33.3%. Zinka Logistics shares rose 6.74% to Rs 491 before settling at Rs 471, with a year-to-date decline of 2.46%.