Container Corporation of India (CONCOR) Q3 25/26 earnings summary

Executive summary

• Board approved a dividend of INR 3.40 per share, totaling INR 7.60 for FY 2026, representing 152% of par value.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were reviewed and approved by the Board on January 29, 2026.

• No material misstatements were identified by the auditors in either standalone or consolidated results.

• Throughput reached a record 4.15 million TEUs for the period ending December 2025, with 11% overall growth (10% EXIM, 13% domestic).

• Market share increased at JNPT and Pipavav, but declined at Mundra; overall market share for nine months: EXIM 53.8%, Domestic 55.88%.

Financial highlights

• Standalone revenue from operations for the quarter was ₹2,301.72 crore, up from ₹2,201.90 crore year-over-year; nine-month revenue was ₹6,802.61 crore, up from ₹6,582.00 crore.

• Standalone profit after tax for the quarter was ₹329.12 crore, compared to ₹343.44 crore in the same quarter last year; nine-month profit after tax was ₹963.58 crore, compared to ₹969.84 crore year-over-year.

• Rail revenue margin rose by 200 bps to 27.7%; operating margin up 100 bps to 31.2%.

• EBITDA margin for Q3 was 25.1% (INR 601 crore), up from 24.2% last year; for the nine months, 25.2% (INR 1,785.8 crore).

• Third interim dividend of ₹23.40 per equity share declared, totaling ₹2,258.95 crore.

Outlook and guidance

• Guidance maintained: 13% overall volume growth (10% EXIM, 20% domestic) for FY 2026.

• Projected 15% annual EXIM growth and 20% domestic growth for the next three years, targeting INR 15,000 crore revenue, 10 million TEUs, and 75 million tons by FY 2029.

• Western DFC connectivity to JNPT expected by March 2026, anticipated to drive significant volume and revenue growth.

• Management expects future business opportunities, especially for CONCOR Air Limited after resuming air cargo operations.