778.1000 9.40 (1.22%)
NSE May 28, 2025 15:31 PM
Volume: 5.0M
 

778.10
1.22%
ICICI Securities Limited
Container Corporation of India’s (CONCOR) Q1FY24 EBITDA missed our and consensus estimates by 12.7% and 15.6% respectively. Key points: 1) EBITDA margin contracted to 20.4% and EBITDA/teu was down to INR 3,580 (lowest since Q1FY22) on escalation of provision for land license fee (LLF) and lower realisation; 2) originating volumes declined 5.4% YoY to ~571kteu due to subdued demand, weather-related disruptions in north and west of India.
Container Corporation of India Ltd. is trading below its 200 day SMA of 792.3
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