Container Corporation of India (CONCOR) Q3 24/25 earnings summary

Executive summary

• Throughput grew 7.8% in the nine months ending Dec 31, 2024, with EXIM up 5% and domestic up 7.8% year-over-year.

• Q3 saw 11.6% volume growth over last year, with EXIM up 8% and domestic up 24.7%, despite global supply chain disruptions.

• Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2024.

• Third interim dividend of ₹4.25 per share (85% of face value) declared, totaling ₹258.95 crore, with record date 6 February 2025.

• Market share gains: EXIM up 73 bps pan-India, Mundra Port up 180 bps, Pipavav Port up 278 bps.

Financial highlights

• Standalone revenue from operations for Q3 FY25: ₹2,201.90 crore; consolidated: ₹2,208.31 crore.

• Standalone profit after tax for Q3 FY25: ₹345.12 crore; consolidated: ₹368.97 crore.

• Operating income grew 4.23% and PAT increased 3.6% year-over-year for the nine months.

• Double-stack rake movements rose 11.25% to 4,608 in nine months.

• Interim dividend of INR 4.25/share declared, totaling INR 9.50/share (190% of par value) for the year.

Outlook and guidance

• CapEx budget for FY25 revised up 40% to INR 855 crore, with similar annual spend expected for the next three years.

• Confident of achieving 5 million TEUs handled in FY25, a historic high.

• Double-digit volume growth expected in both EXIM and domestic for Q4 FY25.

• Board declared interim dividend, indicating confidence in ongoing cash flows and profitability.