Container Corpn. Q2 FY27 Results (NSE: CONCOR)
Signal: Margin pressure
The read
The key inflection is earnings resilience without revenue acceleration: consolidated revenue grew only 1.02% YoY to ₹2,378.57 crore and EBIT fell 8.56% to ₹448.54 crore, yet PAT rose 7.68% to ₹380.81 crore; EXIM remains the core driver while domestic profitability weakened sharply.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,378.57 Cr | +1.02% | -9.20% |
| EBIT | ₹448.54 Cr | -8.56% | |
| Net profit | ₹380.81 Cr | +7.68% | |
| EPS | ₹4.95 | +7.61% | |
| EBIT margin | 18.86% |
P&L walk
Consolidated revenue was ₹2,378.57 crore, +1.02% YoY but -9.20% QoQ; EBIT was ₹448.54 crore, -8.56% YoY, while PAT rose 7.68% to ₹380.81 crore, helped by the below-operating-profit bridge and not by revenue momentum.
Segments
EXIM is driving the group with ₹1,591.90 crore revenue and ₹432.08 crore result, while domestic generated ₹786.67 crore revenue but only ₹16.46 crore result, down 75.33% YoY and dragging consolidated profitability.
Key positives
- EXIM remains the earnings anchor: revenue was ₹1,591.90 crore, +0.91% YoY, while segment result was ₹432.08 crore, +1.95% YoY.
- PAT increased 7.68% YoY to ₹380.81 crore and EPS increased 7.61% to ₹4.95 despite an 8.56% decline in EBIT.
- The consolidated asset base expanded to ₹14,707.69 crore from ₹13,922.97 crore YoY, alongside PPE of ₹7,583.46 crore and CWIP of ₹924.56 crore.
- The board declared a second interim dividend of ₹1.90 per share, aggregating to ₹144.71 crore.
Key concerns
- Revenue growth remained weak at 1.02% YoY, while EBIT declined 8.56% YoY to ₹448.54 crore and EBIT margin compressed 245bps to 18.86%.
- Domestic segment result fell 75.33% YoY to ₹16.46 crore despite revenue growth of 1.25% to ₹786.67 crore, pointing to substantial domestic margin pressure.
- Interest expenditure increased 19.45% YoY to ₹22.17 crore, adding to the below-operating-profit drag.
Research and educational content only. Not investment advice.