the company saw 8-10 percent growth in realisation in both EXIM and Domestic business, said V Kalyana Rama, CMD, CONCOR
In an interview to CNBC-TV18, V Kalyana Rama, CMD of Container Corporation of India (CONCOR) discussed company's Q1 performance.
Credit Suisse turns cautious on Container Corporation of India (CONCOR), and says the company is losing advantage in their top six terminals to the private sector.
"We will definitely try to pass on the price hike. It will be done in phases. We haven‘t passed it on completely", P Alli Rani, Director-Finance Container Corporation of India told CNBC-TV18.
In an interview with CNBC-TV18, V Kalyana Rama, CMD Of Concor said that the company's export-import (EXIM) volumes up by 4.6 percent and domestic volume grew by 0.4 percent on a sequential basis and is hopeful to achieve 6-8 percent volume growth in FY17.
Container Corporation of India's (Concor's) new chief V Kalyana Rama who took over as the company's Chairman and Managing Director earlier this week said that company hopes maintain volume growth guidance of 7.5 percent in FY17.
Speaking to CNBC-TV18, Director & CFO, P Alli Rani said Concor's volumes have declined year-on-year but sequential improvement is visible.
Speaking to CNBC-TV18, Concor's CMD Anil Gupta said revenue growth guidance has been trimmed to 7.5 percent for FY17 from 12.5 percent expected earlier.
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.
The order book for the company currently stands at Rs 780 crore, said A Nithya, whole-Time Director of the company.
Volume growth in FY17 will be in double-digits, especially on the low base of FY16. The total volumes for the first nine months of FY16 were down 7.6 percent, says Alli Rani, Director-Finance, Concor, in an interview to CNBC-TV18.
Nomura believes that CONCOR will benefit the most from Dedicated Freight Corridor and expects freight volumes to double over next 10 years after the Western DFC is commissioned.
The company‘s management has reduced its FY16 growth guidance from the 9-10 percent to 7.5-8 percent. The topline growth has been cut to 11 percent from the earlier 15 percent, Gupta said.
In an interview with CNBC-TV18, Anil Gupta, CMD, Container Corporation, discusses the fourth quarter results and its future plans.
Anil K Gupta, CMD, Container Corporation of India says imports for the company grew only at around 2.5 percent while exports grew at around 17 percent
Container Corp is one of the top mid cap picks by Kotak Securities. The broking house says the company will benefit from higher export volumes due to falling rupee and an improvement in global demand.