New Delhi, January 30, 2025 – Container Corporation of India Ltd. (CONCOR) has released its unaudited standalone and consolidated financial results for the quarter and nine months ending December 31, 2024. The company has also announced an interim dividend and provided key financial and strategic updates.
Financial Highlights (Q3 FY2024-25)
Standalone & Consolidated Financials (₹ in Crores)
| Metric | Standalone (Q3 FY25) | QoQ Change | YoY Change | Consolidated (Q3 FY25) | QoQ Change | YoY Change |
|---|---|---|---|---|---|---|
| Revenue from Operations | 2,201.90 | -3.55% | -0.15% | 2,208.31 | -3.47% | -0.11% |
| Other Income | 99.49 | -23.52% | -1.18% | 95.68 | -25.68% | -4.64% |
| Total Income | 2,301.39 | -4.63% | -0.19% | 2,303.99 | -4.67% | -0.17% |
| Total Expenses | 1,841.79 | -2.42% | -1.26% | 1,846.78 | -2.32% | -1.28% |
| Profit Before Tax (PBT) | 459.60 | -12.56% | +4.31% | 457.21 | -13.08% | +6.00% |
| Profit After Tax (PAT) | 343.44 | -7.44% | +2.69% | 340.52 | -8.27% | +4.51% |
| Earnings Per Share (EPS) | ₹5.64 | -7.39% | +2.73% | ₹6.03 | -4.48% | +5.67% |
Segment-Wise Performance
| Segment | Standalone Revenue (₹ Cr.) | YoY Change | Consolidated Revenue (₹ Cr.) | YoY Change |
|---|---|---|---|---|
| EXIM Business | 1,389.20 | -3.29% | 1,389.36 | -3.29% |
| Domestic Business | 812.70 | +5.72% | 818.95 | +5.86% |
- The EXIM segment witnessed a minor YoY decline of 3.29%, impacted by global trade fluctuations.
- The Domestic segment exhibited strong growth of 5.72% YoY, reflecting an uptick in domestic logistics demand.
Dividend Declaration
- The Board has declared a 3rd interim dividend for FY 2024-25 at ₹4.25 per equity share (85% on face value of ₹5 per share).
- Total dividend payout: ₹258.95 crores.
- Record Date: February 6, 2025.
- Dividend Payment Date: On or after February 18, 2025.
Key Updates
Strategic Changes & Developments
- Depreciation Policy Change: The useful life of wagons has been extended from 15 years to 30 years, reducing depreciation expenses and improving profits.
- Land License Fee (LLF) Update: The Railways’ Master Circular (MC) on LLF dated October 4, 2022, mandates an annual LLF at 6% of market value with a 7% annual escalation. CONCOR has accounted for ₹262.01 crores as LLF for 9M FY25.
Reappointment of Secretarial Auditor
- M/s Amit Agrawal & Associates, New Delhi, has been reappointed as Secretarial Auditor for FY 2024-25.
Market Outlook & Management Commentary
Sanjay Swarup, Chairman & Managing Director, CONCOR, stated:Conclusion
Container Corporation of India Ltd. (CONCOR) has delivered stable profitability growth, with resilient domestic logistics demand offsetting minor EXIM sector declines. The ₹4.25 per share interim dividend highlights the company’s strong cash flows and investor commitment. Strategic cost optimizations, asset revaluation, and operational efficiencies provide a positive outlook for the upcoming quarters.Stock Performance Watch: Investors will be keenly observing CONCOR’s stock reaction to these results, particularly given the company's domestic growth momentum and long-term cost efficiencies.