Moneycontrol PRO
HomeNewsBusinessMarketsContainer Corp shares sink 2.5% on weak Q4 show, EBITDA under expectations

Container Corp shares sink 2.5% on weak Q4 show, EBITDA under expectations

Container Corporation of India's net profit for the three months ended March jumped 5.5 percent to Rs 315.1 crore from the year-ago period.

May 17, 2024 / 09:40 IST
Over the past year, CONCOR shares have gained around 60 percent.
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Container Corporation of India’s share price fell over two percent in early trade on May 17, after the public sector company reported a 5.5 percent on-year uptick in net profit.

    CONCOR's March quarter profit jumped 5.5 percent to Rs 315.1 crore from the year-ago period, aided by volume growth and increased market share, the public sector company said on May 16.

    Sequentially, profit after tax (PAT) came in lower than Rs 333.67 crore in the December quarter.

    Revenue rose 6.4 percent YoY to Rs 2,325.1 crore, due to an 11.24 percent YoY growth in total volumes in the quarter under review.

    At 9.20 am, the share price sank below the Rs 1,000-mark to Rs 998.65 per share, lower by 2.6 percent on the NSE.

    Follow our market blog to catch all the live updates

    More numbers

    CONCOR's total volumes increased by 11 percent on-year to 1.24 million TEUs with export-import (EXIM) and domestic volumes at 0.93 million and 0.31 million TEUs, respectively, marking a 10 percent and 16 percent year-over-year growth, in line with expectations.

    CONCOR reported EBIDTA of Rs 591 crore, 8.5 percent higher from the year-ago period. The EBITDA margin rose 50 basis points to 25.4 percent from 24.9 percent in Q4 FY23. The company's EBITDA came around eight percent under Motilal Oswal's expectations.

    EBITDA is short for earnings before interest, taxes, depreciation and amortisation.

    Price realisation rose as rail freight expenses increased only 10.8 percent to Rs 1,344 crore despite an 11.2 percent rise in volumes, as the company stopped discounts after the festive period.

    An industry-wide increase in exports and imports benefitted the cargo operator, whose two-thirds of revenue comes from this segment, analysts said.

    Over the past year, CONCOR shares have gained around 60 percent, as against a 23 percent rise in the benchmark Nifty 50 index.

    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 

    Moneycontrol News
    first published: May 17, 2024 09:40 am

    Discover 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!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347