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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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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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