Container Corp.’s Q3 Volumes Strengthen Along With Firm Realisation: ICICI Direct 
Gantry cranes stand next to containers. (Photographer: Yen Duong/Bloomberg)  

Container Corp.’s Q3 Volumes Strengthen Along With Firm Realisation: ICICI Direct 


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ICICI Direct Report

Container Corporation of India Ltd.’s Q3 ended on a strong note, with 6% volume growth and 8-9% jump in realisation (revenues grew 15% YoY).

The realisation growth was mainly due to a one-off 15 days from Indian Railways for free movement of empties, along-with higher lead distance and cargo movement.

While domestic revenues grew 28% YoY to Rs 455 crore (volume growth of 12%), Exim revenue grew 11% YoY to Rs 1299 crore (volume growth of 5%).

Standalone Ebitda margins contracted 313 basis points YoY to 21.2% but adjusting for higher expected liability of employees (actuarial valuation), margins came at 24.1%.

Click on the attachment to read the full report:

ICICI Direct Container Corporation of India Q3FY21 Result Update.pdf


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