Container Corporation of India Ltd

The contract requires GATX India to complete the supply within 435 days. Container Corporation of India (CONCOR) is engaged in the business of providing inland transportation of containers by rail. It also covers the management of ports and air cargo complexes and establishes cold chains. The company's consolidated net profit jumped 10.9% to Rs 366.65 crore in Q3 FY25, compared with Rs 330.74 crore in Q3 FY24. Revenue from operations shed 0.01% YoY to Rs 2,208.31 crore in Q3 FY25.Powered by Capital Market - Live

The domestic equity indices traded with limited gains in the early afternoon trade. The Nifty hovered above the 22,950 mark. PSU Bank shares advanced after declining in the past trading session. At 12:25 IST, the barometer index, the S&P BSE Sensex, advanced 158.79 points or 0.21% to 76,142.68. The Nifty 50 index rose 31.75 points or 0.14% to 22,977.05. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index advanced 1.23% and the S&P BSE Small-Cap index gained 2.35%. The market breadth was strong. On the BSE, 2,805 shares rose and 1,005 shares fell. A total of 131 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 0.81% to 15.38. The Nifty 27 February 2025 futures were trading at 23,017.45, at a premium of 40.4 points as compared with the spot at 22,977.05. The Nifty option chain for the 27 February 2025 expiry showed a maximum call OI of 70.3 lakh contracts at the 24,000 strike price. Maximum put OI of 64.7 lakh contracts was seen at 23,000 strike price. Buzzing Index: The Nifty PSU Bank index added 1.49% to 5,960.25. The index declined 0.54% in the past trading session. Union Bank of India (up 4.21%), Bank of India (up 3.29%), UCO Bank (up 2.62%), Indian Overseas Bank (up 2.15%) and Punjab & Sind Bank (up 2.01%), Bank of Baroda (up 1.57%), Punjab National Bank (up 1.5%), Bank of Maharashtra (up 1.35%), Central Bank of India (up 1.22%) and Indian Bank (up 1.1%) advanced. Stocks in Spotlight: Container Corporation of India (CONCOR) added 2.37% after the company announced that it has awarded an Rs 689.76 crore contract to Braithwaite & Co. for the manufacture and supply of 30 BLSS (spine car) rakes on a turnkey basis. RBM Infracon declined 7.04% after the company announced that it has received a multiple orders worth Rs 11.46 crore form different entities. Transformers and Rectifiers (India) hit a upper circuit of 5% after the company announced that it has bagged an order worth Rs 166.45 crore from Hyosung T&D India.Powered by Capital Market - Live

Braithwaite & Co., a public sector enterprise under the Ministry of Railways, will manage the project. The value of the order, ex-works and excluding freight charges (including GST), is Rs 689.76 crore, with supplies scheduled for completion by 11 August 2026. Container Corporation of India is now an undisputed market leader, having the largest network of 66 ICDs/CFSs/Strategic Tie-ups in India. In addition to providing inland transport by rail for containers, it has also expanded to cover management of ports, air cargo complexes, and establishing cold chains. It has and will continue to play the role of promoting containerization in India by virtue of its modern rail wagon fleet, customer-friendly commercial practices, and extensively used information technology. The company reported consolidated net profit of Rs 366.65 crore in Q3 FY25, up 10.9% as compared with Rs 330.74 crore in Q3 FY24. Revenue from operations shed 0.01% YoY to Rs 2,208.31 crore in Q3 FY25. Powered by Capital Market - Live

Container Corporation Of India has fixed 06 February 2025 as record date for payment of 3rd interim dividend of Rs 4.25 per equity share of face value of Rs 5 for FY 2024-25. The dividend will be paid on or after 18 February 2025. Powered by Capital Market - Live

Container Corporation Of India announced that the Board of Directors of the Company at its meeting held on 30 January 2025, inter alia, have recommended the Third Interim dividend of Rs 4.25 per equity Share (i.e. 85%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Container Corporation Of India rose 10.86% to Rs 366.65 crore in the quarter ended December 2024 as against Rs 330.74 crore during the previous quarter ended December 2023. Sales declined 0.10% to Rs 2208.31 crore in the quarter ended December 2024 as against Rs 2210.57 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales2208.312210.57 0 OPM %21.0623.41 - PBDT542.70590.28 -8 PBT457.21431.38 6 NP366.65330.74 11 Powered by Capital Market - Live

On sequential basis, total throughputs increased 7.83% from 37,47,447 TEUs in Q2 FY25. Domestic (DOM) throughput stood at 3,09,551 TEUs in Q3 FY25, registering the growth of 24.71% as compared with 2,48,226 TEUs posted in same period a year ago. The export-import (EXIM) throughput grew by 8.05% year on year to 9,75,243 TEUs in the quarter ended 31 December 2024. CONCOR operates 59 terminals across the country along with two strategic tie-ups. The company's primary operation is to provide inland transportation of containers from ports using rail wagons. The company also manages cold storage chains and warehouses. The company's consolidated net profit fell marginally 0.5% to Rs 365.40 in Q2 FY25 as compared with Rs 367.36 crore in Q3 FY24. Net sales increased 4.2% YoY to Rs 2,287.75 crore in Q3 FY25.Powered by Capital Market - Live

Container Corporation Of India will hold a meeting of the Board of Directors of the Company on 30 January 2025.Powered by Capital Market - Live

Revenue from operations grew by 8.78% quarter on quarter (QoQ) to Rs 2,287.75 crore during the quarter ended 30 September 2024. In Q2 FY25, the company's consolidated net profit shed 0.53% YoY, while its revenue grew by 4.23% YoY. Profit before exceptional items and tax grew by 9.20% to Rs 526.07 crore in Q2 FY25 as compared to Rs 481.76 crore reported in Q2 FY24. The firm reported exceptional items of Rs 33.32 crore during the quarter. On segmental front, revenue from EXIM stood at Rs 1,532.11 crore (up 6.11% YoY) while revenue from domestic un-allocable segment stood at Rs 755.64 crore, (up 0.63% YoY) during the quarter. Total expenses rose 3.99% YoY to Rs 1,890.55 crore in Q2 FY25. Rail freight expenses was at Rs 1,252.28 crore (up 4.09% YoY) while employee benefits expense stood at Rs 115.07 crore (down 5.9% YoY) during the period under review. Meanwhile, the company's board has declared a second interim dividend of Rs 3.25 per equity share for the financial year 2024-25. The record date for the purpose of payment of dividend will be 15 November 2024 and the shareholders can expect to receive the dividend on or after 22 November 2024. The payment of dividend will be made within 30 days of its declaration. CONCOR operates 59 terminals across the country along with two strategic tie-ups. The company's primary operation is to provide inland transportation of containers from ports using rail wagons. The company also manages cold storage chains and warehouses. Powered by Capital Market - Live

Container Corporation of India has fixed 15th November 2024 as the record date for the purpose of interim dividend.Powered by Capital Market - Live