Container Corporation of India Ltd (NSE: CONCOR) is a public sector undertaking and a leading provider of logistics and supply chain management services in India. CONCOR operates a network of inland container depots and container freight stations across the country, and also provides rail-based transportation services for containerized cargo.
The company’s services include container handling, warehousing, transportation, and supply chain management solutions. CONCOR also operates a fleet of container trains and provides intermodal transportation services, connecting major ports and industrial hubs in India. The company has a strong presence in the Indian market and plays a crucial role in the country’s logistics and supply chain infrastructure.
Financial Performance in Q3FY23 :
CONCOR’s total revenue for the quarter ending December 2022 was INR 2,111 crores. The company’s operating expenses for the quarter were INR 1,574.3 crores, resulting in an operating profit of INR 430.2 crores and an operating profit margin of 21.46%. The company’s depreciation and interest expenses were INR 139.6 crores and INR 15.8 crores respectively. This resulted in a profit before tax of INR 381.3 crores and a net profit of INR 294.2 crores for the quarter. The company’s basic EPS for the quarter was INR 4.8. On a trailing twelve months basis, CONCOR’s net profit was INR 1,152.3 crores and basic EPS was INR 18.9.
When comparing the quarter ending December 2022 to the previous quarter ending September 2022, CONCOR’s total revenue increased by 5.9%, operating profit increased by 14.4%, and net profit increased by 2.8%. The company’s operating profit margin also increased to 25.45% from 21.46%. On a trailing twelve months basis, CONCOR’s net profit and basic EPS have both increased by 4.1% and 3.2% respectively, compared to the previous quarter. This indicates a steady growth in the company’s financial performance.
When comparing the quarter ending December 2022 to the same quarter the previous year, CONCOR’s total revenue increased by 6.3%, operating profit increased by 12.1%, and net profit increased by 14.9%. The company’s operating profit margin also increased from 21.46% to 24.08%. Overall, the company has seen a steady growth in revenue and profits, with an increase in operating profit margin as well, indicating a positive trend in CONCOR’s financial performance.