Container Corporation (CCRI)’s 2QFY26 revenue grew 3% YoY to INR23.5b (in line). Total volumes grew 11% YoY to 1.4m TEUs, with EXIM/domestic volumes at 0.109m/0.34m TEUs (+9%/+17% YoY). Blended realization dipped ~7% YoY to INR16,321/TEU. EXIM/Domestic realization stood at INR14,426/ INR22,286 per TEU (-5%/-12% YoY). EBITDA margins came in at 24.2% (v/s our estimate of 21.6%). EBITDA declined ~1% YoY and was 12% above our estimate.
OutlookWe expect its revenue/ EBITDA to clock a CAGR of 13%/16% over FY25-FY28. We reiterate our BUY rating with a TP of INR670 (based on 15x EV/EBITDA on FY28E).
For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Container Corporation_13112025_Motilal OswalDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
