Container Corporation of India (CONCOR) Q4 24/25 earnings summary

Executive summary

• Board approved audited standalone and consolidated financial results for FY 2024-25, with unmodified audit opinions.

• 1:4 bonus share issue and a Rs. 2 per share final dividend for Q4, totaling Rs. 11.50 per share for FY25, representing a 230% payout on a Rs. 5 share.

• Achieved record throughput of 5.09 million TEUs in FY25, with 8% overall growth, including 7% EXIM and 12% domestic growth.

• PAT and turnover reached all-time highs, with PAT up 3.35% and operating income up 2.7% year-over-year.

• Appointment of four new internal auditor firms for a three-year term starting FY 2025-26.

Financial highlights

• Standalone revenue from operations for FY 2024-25: ₹8,863.37 crore (up from ₹8,632.49 crore year-over-year); PAT: ₹1,271.98 crore (up from ₹1,230.79 crore).

• Rail freight margin increased by 55 bps to 25.65%; operating margin stable at 30%, EBITDA margin at 25%.

• Double-stack rake handling grew 16% to 6,302 rakes; 11 new rakes and 9,000 containers added, bringing the fleet to over 53,000.

• FY25 CAPEX was INR 810 crore; FY26 CAPEX budget set at INR 860 crore for containers, wagons, terminals, and IT.

• Depreciation impacted by asset life extension; deferred tax provision increased, current tax liability declined.

Outlook and guidance

• FY26 guidance: 10% EXIM growth, 20% domestic growth, 13% overall business growth.

• Four new terminals to be commissioned in FY26; target of 100 terminals, 500+ rakes, and 70,000 containers by 2028.

• EXIM business expected to remain stable; volume spurt anticipated in Q4 FY26 with WDFC commissioning to JNPT.

• Focus on customer centricity, total logistics solutions, green logistics, and long-term agreements with corporates.

• Bonus shares to be credited within two months of board approval, pending necessary approvals.