Container Corporation of India Ltd (CONCOR) reported a 1.6% year-on-year decline in net profit to ₹298.5 crore in Q4 FY25, compared to ₹303.3 crore in the same quarter last year. The profit dip was partly attributed to changes in the depreciation calculation method. Revenue also declined 1.6% to ₹2,287.8 crore, down from ₹2,325 crore in Q4 FY24.
EBITDA came in at ₹526.6 crore, reflecting a 10% decline from ₹585.7 crore a year ago, leading to a drop in EBITDA margin to 23%, versus 25.2% in the previous year.
Despite the soft quarterly performance, CONCOR’s board announced a 1:4 bonus share issue, offering 1 new share for every 4 held. The move is expected to enhance stock liquidity and market participation.
CONCOR stock: Brokerages split after weak Q4 show
HSBC has maintained a Hold rating on CONCOR while cutting its target price to ₹740, citing weak Q4 results. The brokerage noted a 2% decline in revenue and 11% fall in EBITDA, and flagged continued earnings downgrade risk, even though management remains optimistic about growth in domestic and export segments.
On the other hand, Jefferies has maintained a Buy rating and raised its target price to ₹825. Although Q4 EBITDA was below estimates due to weak volume growth and EXIM realisations, Jefferies highlighted that management has guided for 13% volume growth in FY26, led by steady 10% growth in EXIM.
The brokerage also sees Dedicated Freight Corridor (DFC) connectivity to JNPT as a key catalyst for long-term volume and margin expansion. Jefferies trimmed FY26–27 EBITDA estimates by 1–6% to reflect the Q4 softness, but remains positive on the structural growth story.
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