Container Corporation of India (CONCOR) Q2 25/26 earnings summary

Executive summary

• Achieved record quarterly throughput of 1.44 million TEUs and highest-ever operating income and PEG in Q2 FY26.

• First half FY26 throughput reached 2.73 million TEUs, up 11% year-over-year, with EXIM up 10.2% and domestic up 13%.

• Board approved a total dividend of INR 4.20 per share (84% of par value), including a second interim dividend of ₹2.60 per share totaling ₹198.02 crore.

• The company allotted 15.23 crore bonus shares in July 2025, increasing paid-up share capital to ₹380.81 crore.

• Signed MOUs with major cement companies and ports, and expanded into shipping and logistics hubs.

Financial highlights

• Standalone revenue from operations for Q2 FY26 was ₹2,351.36 crore, up from ₹2,149.53 crore in Q1 FY26 and ₹2,283.03 crore in Q2 FY25.

• Standalone profit after tax for Q2 FY26 was ₹376.75 crore, compared to ₹257.71 crore in Q1 FY26 and ₹371.05 crore in Q2 FY25.

• Operating income grew 2.7% in the first half year-over-year.

• Rail freight margin increased from 26.17% to 27.80% year-over-year; operating margin rose from 30.47% to 31.44%.

• Earnings per share (EPS) for Q2 FY26 stood at ₹4.95 (standalone) and ₹4.99 (consolidated).

Outlook and guidance

• Guidance maintained at 13% overall, 10% EXIM, and 20% domestic volume growth for FY26.

• Management optimistic about exceeding EXIM guidance and achieving domestic targets, driven by new MOUs and rising demand.

• Infrastructure targets for 2028: 100 terminals, 500+ rakes, and 70,000 containers.

• The company continues to assess the impact of the new Land License Fee (LLF) policy and has not finalized the Right of Use (ROU) asset recognition.

• Management remains optimistic about future business opportunities, especially for subsidiaries exploring new ventures.