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Bloomberg Quint

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Zinka Logistics Q4 Review: Revenue Misses Morgan Stanley Estimates

  • 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%.

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