See volumes rising 5%, margins 1-2% in FY17: Concor

Container Corporation of India (Concor) reported weak fourth quarter numbers with a 6.2 percent fall in total income to Rs 1,415 crore and operation efficiency (EBITDA) declining 40.1 percent to Rs 197.6 crore. The company’s margins contracted to 14 percent as compared to 21.9 percent in the year-ago period. However, Concor’s domestic volumes improved by 6 percent in Q4, whereas fall in realisations was one percent, says Alli Rani, Director of Finance of Concor.Rani is upbeat on FY17 outlook and says a 5 percent volumes growth is expected in this fiscal year. Domestic margins, too, are expected to improve marginally, she adds. Margins for the whole year are expected to improve by 1-2 percent, Rani says. Watch vidoe for more..