Analyst Concall
CONCOR domestic ops rebound Q2, co retains FY26 volume aim
This story was originally published at 15:15 IST on 6 August 2025
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--CONCOR: Saw subdued domestic operations in Apr-Jun
--CONTEXT: Comments by CONCOR's mgmt in post-earnings analyst concall
--CONCOR: Commissioned five high-speed rakes in Apr-Jun
--CONCOR: Capex budget of INR 8.6 billion for FY26 remains intact
--CONCOR: Q1 exports growth was good for auto parts, readymade garments
--CONCOR: Imports at co's ports grew 12% in Apr-Jun, saw very good growth
--CONCOR: Retain volume growth guidance of 13% for FY26
--CONCOR: Seeing better performance in domestic ops in Q2 so far
--CONCOR: Q2 cement loading to be lower due to rains, will improve in Q3
--CONCOR: Q1 Mundra port market share at 36%, down from 38% yr ago
--CONCOR: Q1 export-import market share at 53.1%, down from 55% yr ago
--CONCOR: Co's volumes so far not impacted due to US tariffs
--CONCOR: Subdued north India volume demand hit co's Mundra mkt share in Q1
--CONCOR: Q1 mkt share at JNPT was 58.39%, up from 56.02% yr ago
By Shakshi Jain and Anand JC
NEW DELHI – State-run Container Corp. of India Ltd. Wednesday said the company is bullish on demand in the ongoing quarter and retained its year-on-year volume growth guidance of 13% for 2025-26 (Apr-Mar). This comes after subdued demand in northern India hurt its domestic operations in the June quarter. The Navratna company is witnessing buoyant demand in both the domestic and export-import segments in the ongoing September quarter. Further, the Trump administration's 25% tariff, plus penalty, has not affected its volumes so far either.
CONCOR disclosed its June quarter revenue on Tuesday. It reported a net profit of INR 2.58 billion on revenues of INR 21.50 billion for the quarter. Of this, its revenue from the domestic segment fell to INR 7.49 billion from INR 7.76 billion a year ago. Subdued domestic performance in the latest quarter was due to the delay in supply of tank containers and low-margin traffic, the company said in a post-earnings analyst conference call. Around 35% of CONCOR's revenues come from its domestic business.
The export-import segment, which formed 65% of CONCOR's June quarter top line, reported a revenue of INR 14.01 billion, higher than INR 13.21 billion in the year-ago quarter. The company witnessed double-digit growth in exports of auto parts and readymade garments during the quarter, the management said. Meanwhile, overall growth in imports at the various ports stood at 12% during the quarter. CONCOR commissioned five high-speed rakes and procured 1,500 containers for domestic use during the quarter under review.
CONCOR's market share in Gujarat's Mundra port contracted 200 basis points on year to 36% in Apr-Jun while that at the Maharashtra-based Jawaharlal Nehru Port Trust improved 237 bps to 58.39%. The overall export-import market share of the company stood at 53.1% in the June quarter, down from 55% a year ago.
"The Mundra traffic is being catered by North India ICDs (inland container depots). So this subdued demand in North India directly reflected in Mundra volumes. So that is the reason of 200 basis points drop at Mundra," the company's management said. This demand drop has, however, normalised in the ongoing quarter, as per the company.
Further, bulk cement loading, which usually slows down in the September quarter due to monsoons, is expected to pick up from the next quarter onwards, the company said. CONCOR also said the capital expenditure budget of INR 8.6 billion for FY26 is intact as of now. In the June quarter, the company incurred a capital expenditure of INR 2 billion.
At 1342 IST, shares of the company traded at INR 558.45 on the National Stock Exchange, down 3.5%. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Tanima Banerjee
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