Container Corporation of India (Concor) shares slipped 5% on BSE, logging an intra-day low of ₹486.45 per share. According to reports from Business Standard, the selling pressure came after the company released its Q4FY26 results on Monday, after market hours. At 9:17 AM, Concor's share recovered slightly but was still down 4.2% at ₹490.8 per share. The decline was significantly steeper than the broader market, with the BSE Sensex down only 0.3% at 76,261.43 during the same period. As per Goodreturns, the stock opened weak at around ₹490 on NSE and later slipped to an intraday low of ₹483 per share, trading at ₹485.30 at the time of writing, down ₹26.75 or 5.22% for the day. The stock is now nearly 25.66% below its 52-week high, with heavy trading activity of nearly 2.6 million shares exchanged across NSE and BSE during morning trade.
In the March quarter, Concor reported a 9.8% year-on-year fall in consolidated net profit to ₹259.29 crore, from ₹287.69 crore a year ago, as reported by Business Standard. The company's revenue from operations came in at ₹2,263.3 crore, down 1% Y-o-Y from ₹2,287.83 crore. The board declared a dividend of ₹1 per share, amounting to ₹76.1 crore. According to Goodreturns, the company reported EBITDA of ₹427.5 crore, down 3% year-on-year from ₹440.6 crore reported in Q4 FY25, with EBITDA margins narrowing to 18.9% from 19.3% a year ago. The revenue dip of 1% was 6% below the brokerage's estimate, with the results coming in far below even their already muted estimates.
As reported by Business Standard, total volumes grew 6% Y-o-Y to 1.4m TEUs, with EXIM/domestic volumes at 0.107m/0.36m TEUs. However, blended realization decreased 7% Y-o-Y to ₹15,803/TEU. EXIM and domestic realization stood at ₹14,015 and ₹21,112 per TEU respectively. According to Motilal Oswal, the EBITDA margin came in at 18.6%, lower than the brokerage's estimate of 22.4%.
According to Business Standard, EBITDA declined 3% Y-o-Y to ₹420 crore and was 22% below the brokerage's estimate. The adjusted profit after tax (APAT) declined 15% Y-o-Y, which was 24% below analysts' estimate. As reported by Motilal Oswal, the weak operating performance led to the disappointing results. In FY26, revenue/EBITDA/APAT grew 2%/1%/-6% respectively. Equirus Securities highlighted that margin performance was significantly disappointing, particularly in the domestic business where profitability nearly collapsed, resulting in sharp EBITDA and PAT miss versus expectations.
Despite weak quarterly numbers, Concor's board recommended a final dividend of ₹1 per equity share with a face value of ₹5 for FY26, as reported by Goodreturns. The final dividend, subject to shareholder approval at the company's 38th Annual General Meeting, translates into a 20% payout. This final dividend comes in addition to interim dividends already declared during FY26, including interim dividends of ₹1.60, ₹2.60, and ₹3.40 per share. According to Motilal Oswal, the brokerage maintains a positive long-term outlook on Concor shares, remaining optimistic about the company's future growth trajectory due to the commissioning of the Western Dedicated Freight Corridor (WDFC) connection to JNPT. The brokerage expects Concor to deliver a compound annual growth rate (CAGR) of 10% in revenue and 11% in EBITDA between FY25 and FY28 and reiterated its BUY rating with a target price of ₹600 based on 14x EV/EBITDA on FY28 estimates.
