Container Corporation of India (CONCOR) reported its highest ever quarterly throughput of 1.44 million TEUs in Q2 FY26, leading to record operating income and PAT. Total dividend for the year reached INR4.20 per share. Throughput for the first half of FY26 grew by 11% year-on-year, with EXIM up 10.2% and domestic up 13%. CONCOR has signed MOUs with major cement companies and is venturing into shipping and port operations.
Record-Breaking Performance
Container Corporation of India (CONCOR) has announced exceptional financial and operational results for Q2 FY26. Key highlights include:
- Highest Ever Throughput: The company achieved a throughput of 1.44 million TEUs, the highest in its history.
- Dividend: A dividend of INR2.60 per share has been approved, bringing the total dividend for the year to INR4.20, which represents 84% of the share’s par value.
First Half FY26 Performance
CONCOR sustained its growth momentum in the first half of FY26:
- Total Throughput: Reached 2.73 million TEUs, an 11% increase year-on-year.
- EXIM Growth: Experienced a 10.2% growth.
- Domestic Growth: Demonstrated a 13% increase.
Operational Efficiency
The company’s operations team has successfully reduced empty running of rakes and containers:
- EXIM Empty Running: Down by 18%.
- Domestic Empty Running: Down by 6.7%.
- Overall Reduction: A 10.2% decrease in empty running on a year-on-year basis.
Infrastructure and Capex
CONCOR continues to invest in infrastructure to support future growth:
- Rakes: Commissioned 21 new high-speed rakes, bringing the total count to around 410 rakes.
- Containers: Procured 3,000 new containers, increasing the total fleet to around 56,000 containers.
- Capex: Already spent INR420.35 crores against a budget of INR860 crores.
Strategic Initiatives
CONCOR is actively pursuing new strategic initiatives to drive long-term growth:
- Vadhvan Port: Signed an MOU to become the common rail operator.
- Bhavnagar Port: Signed an MOU to operate container terminals.
- Shipping Sector: Venturing into shipping with services to the Middle East, with plans to expand to the Far East.
- Bulk Cement: Signed MOUs with UltraTech Cement and Adani Cement to move bulk cement in tank containers.
Guidance
CONCOR has maintained its growth guidance:
- EXIM: 10% growth.
- Domestic: 20% growth.
Source: BSE