Q4FY21 Result Update - Container Corporation of India - ICICI Direct

Concor reported strong YoY and QoQ improvement in volumes in Q4FY21, while realisations continued to remain healthy (up 10.5% YoY for Exim, flat QoQ). Overall, revenues grew 24% to Rs. 1939 crore, led by volume growth of 13% (10.6 lakh TeUs). While domestic revenues grew 27% YoY to Rs. 556 crore, Exim revenue grew 22% YoY to Rs. 1384 crore. However, margins contracted (down 2050 bps) to 9.7%, led by higher payment of LLF charges (Rs. 290 crore) and higher employee provisioning (~Rs. 70 crore). Subsequently, absolute EBITDA declined 60% to Rs. 189 crore. However, PAT de-grew 96% YoY to Rs. 16 crore, as a weak operational performance was further impacted by an exceptional expense of Rs. 83 crore (one-time write-off related to permanent structures on surrendered railway lands).

For details, click on the link below: Link to the Report

Shares of CONTAINER CORPORATION OF INDIA LTD. was last trading in BSE at Rs.666.85 as compared to the previous close of Rs. 634.55. The total number of shares traded during the day was 866356 in over 25992 trades.

The stock hit an intraday high of Rs. 677.95 and intraday low of 635. The net turnover during the day was Rs. 568839466.

Source : Equity Bulls

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