Shares of Container Corporation of India (CONCOR) fell over 3% to ₹732 on January 31 after the company reported a mixed set of financial results for the third quarter of the fiscal year. Despite posting a 10.9% year-on-year (YoY) increase in net profit to ₹366.7 crore from ₹330.7 crore in the corresponding quarter last year, the market reacted negatively to margin contraction and subdued revenue performance.
The company’s revenue from operations remained largely flat, declining marginally by 0.1% to ₹2,208.3 crore from ₹2,210.6 crore in Q3 of the previous year. A notable decline was observed in CONCOR’s EBITDA, which dropped 10.1% YoY to ₹465 crore compared to ₹517.5 crore in the same quarter last year. Consequently, the EBITDA margin contracted to 21.1% from 23.4% YoY, reflecting rising costs and operational challenges.
As of the latest session, CONCOR’s market cap stands at ₹446 billion. The day’s trading range fluctuated between ₹732 and ₹732, indicating limited recovery potential amid bearish sentiment. The company’s shares are currently down over 38% from their 52-week high of ₹1,180, underlining investor concerns regarding its growth prospects.
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