Container Corporation of India (CONCOR) Q3 25/26 earnings summary

Executive summary

• Board approved a dividend of INR 3.40 per share, totaling INR 7.60 for FY 2026, representing 152% of par value.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were reviewed and approved by the Board on January 29, 2026.

• No material misstatements were identified by the auditors in either standalone or consolidated results.

• Achieved record throughput of 4.15 million TEUs for the period ending December 2025, with 11% overall growth (10% EXIM, 13% domestic).

• CapEx budget for FY 2026 increased by 23% to INR 1,060 crore, with INR 717 crore already spent.

Financial highlights

• Standalone revenue from operations for the quarter was ₹2,301.72 crore, up from ₹2,201.90 crore year-over-year; nine-month revenue was ₹6,802.61 crore, up from ₹6,582.00 crore.

• Standalone profit after tax for the quarter was ₹329.12 crore, compared to ₹343.44 crore in the same quarter last year; nine-month profit after tax was ₹963.58 crore, compared to ₹969.84 crore year-over-year.

• Rail revenue margin rose by 200 basis points to 27.7%; operating margin up 100 basis points to 31.2%.

• EBITDA margin for Q3 was 25.1% (including other income), up from 24.2% last year.

• Third interim dividend of ₹23.40 per equity share declared, totaling ₹2,258.95 crore.

Outlook and guidance

• Guidance maintained for 13% volume growth in FY 2026 (10% EXIM, 20% domestic).

• Projecting annual EXIM growth of 15% and domestic growth of 20% for the next three years.

• By FY 2029, targeting INR 15,000 crore revenue, 10 million TEUs throughput, and 75 million tons of cargo.

• Western DFC connectivity to JNPT expected by March 2026, anticipated to significantly boost EXIM business.

• Management expects future business opportunities, especially for CONCOR Air Limited after resuming air cargo operations.