Shares of Container Corporation of India Ltd (CONCOR) were trading 0.5% lower on Thursday, November 13, even as the logistics PSU posted a stable set of earnings for the September quarter (Q2 FY26).
The company reported a 3.6% year-on-year rise in consolidated net profit to ₹378.7 crore, compared with ₹365.4 crore in the same quarter last year.
Revenue from operations increased 2.9% YoY to ₹2,354.5 crore, aided by consistent container demand across domestic and EXIM routes.
However, profitability moderated slightly. EBITDA stood at ₹576.15 crore, marginally lower than ₹582.46 crore last year, while margins slipped to 24.5% from 25.5%, reflecting a normalised cost environment and higher operational expenditure.
The company also announced a second interim dividend of ₹2.60 per share (face value ₹5), amounting to ₹198.02 crore.
The record date is 20 November 2025, with payment or dispatch scheduled on or after 27 November 2025.
What brokerages are saying
Jefferies on CONCOR
- Rating: Buy
- Target Price: ₹660 per share
- EBITDA came in 7% above Jefferies’ estimates, driven by 80 bps YoY margin expansion despite muted volume growth.
- Margin gains were supported by double stacking benefits and a reduction in empty container movement.
- Management indicated a 180 bps YoY market share loss in H1 FY26.
- Western Dedicated Freight Corridor (DFC) connectivity to JNPT is now expected by March 2026, revised from the earlier expectation of December 2025.
Bottom line
While the stock is marginally lower today, CONCOR’s Q2 performance remains steady, supported by resilient revenue, stable volumes, and continued efficiency gains. Jefferies remains positive on long-term growth, driven by DFC expansion and operational leverage — though near-term volume softness remains a factor.
Disclaimer
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